News by Edgeprop.my

Malton Bhd said there has been no material progress in its proposed collaboration with China's Dongguan Benling Vehicle Technology Co Ltd (BENLG) to explore the Malaysian electric vehicle (EV) motorcycle market, about six months after the parties signed a memorandum of understanding (MoU).

Aneka Jaringan Holdings Bhd has completed the acquisition of a 51% equity interest in P3 International Sdn Bhd for RM1.02 million in cash, making the target company a subsidiary.

An application has been submitted to redevelop an approximately two-acre site on Jalan Scotland, George Town, Penang, into a 35-storey condominium comprising 298 units, according to documents lodged with the Penang Island City Council.

The century-old 1926 Heritage Hotel Penang has completed a RM20 million restoration, reopening as the first property in Malaysia to join The Unlimited Collection by The Ascott Limited, as adaptive reuse continues to expand Penang's heritage hospitality offering.

Magna Prima Bhd and OCR Group Bhd have completed the previously announced land transaction after the conditions for completion under the sale and purchase agreement (SPA) were fulfilled.

Hektar Real Estate Investment Trust (Hektar REIT) has submitted its listing application to Bursa Malaysia Securities in connection with its proposed RM125 million acquisition and sale-and-leaseback of KYS KL East International School in Kuala Lumpur.

IOI Properties Group Bhd (IOIPG) has revised its proposed real estate investment trust (REIT) exercise after an updated independent valuation increased the appraised value of the proposed portfolio by RM86 million, or 1.1%, to RM7.664 billion, while the company also enlarged the retail allocation under the proposed unit offering.

KIP Real Estate Investment Trust (KIP REIT) posted record financial results for FY2026 ended June 30, driven by contributions from newly acquired assets, stronger rental income from its existing portfolio and higher fair value gains on investment properties.

KIP Real Estate Investment Trust (KIP REIT) has cleared a key milestone in its proposed RM435 million acquisition of Setapak Central Mall, after unitholders approved the acquisition and related placement proposals at an extraordinary general meeting (EGM) on Thursday.

Kerjaya Prospek Group Bhd has secured a RM52.5 million subcontract for civil, structural and basic low-voltage mechanical and electrical (M&E) works for the proposed construction of a new 275-kilovolt (kV) consumer landing station serving a data centre in the Klang Valley.