Axis REIT completes maiden RM300m senior sukuk issuance
Axis Real Estate Investment Trust (Axis REIT) (KL:AXREIT) has completed its maiden issuance of RM300 million senior Islamic medium-term notes under its RM3 billion sukuk programme.
Tanco formalises land deal for Port Dickson Free Zone, sets stage for phased development
Tanco Holdings Bhd (KL:TANCO) has entered into a supplemental agreement with Menteri Besar Negeri Sembilan (Inc) (MBINS) to formalise the acquisition structure and financing arrangements for the Port Dickson Free Zone (PDFZ).
Prolintas Infra appoints Mohamad Idros Mosin as CEO, dissolves interim management team
Idros, 53, brings with him nearly three decades of experience in strategic investment and real estate, primarily at PNB.
NexG acquires Petaling Jaya property for RM28.5 mil to boost production capacity
NexG Bhd (KL:NEXG), formerly known as Datasonic Group Bhd, is buying an industrial property in Petaling Jaya for RM28.5 million to boost production and efficiency for current and future projects. The move aims to bring research, design, and production under one roof, improving cost efficiency, quality control, and output.
Ahmad Zaki Resources unit gets winding-up petition over RM5.86 mil payment dispute
Ahmad Zaki Resources Bhd (KL:AZRB) said on Wednesday that one of its subsidiaries has been served with a winding-up petition by Giga Engineering & Construction Sdn Bhd over an alleged unpaid sum of RM5.86 million.
Ecobuilt unit served with winding-up petition over unpaid debt
Ecobuilt Holdings Bhd (KL:ECOHLDS) said on Wednesday that a major subsidiary has been served with a winding-up petition over an alleged debt amounting to RM447,886.46.
Economists split on further OPR cuts in 2025 as BNM turns dovish
Economists were divided on whether Bank Negara Malaysia’s (BNM) first rate cut since July 2020 marks the start of a rate cut cycle, with most expecting no further cuts this year despite an expected slowdown in growth.
Bina Puri faces two winding-up petitions from IRB over alleged tax debt
Bina Puri Holdings Bhd (KL:BPURI) said on Tuesday that two of its wholly-owned subsidiaries have been served with winding-up petitions by the government, via the Inland Revenue Board, for failing to settle outstanding tax liabilities.
SkyWorld acquires Penang land to kickstart RM13 bil affordable housing project
SkyWorld Development Bhd (KL:SKYWLD) is acquiring a 25.9-acre parcel of land in Batu Kawan, Penang, for RM48.51 million as part of a previously announced joint development to build affordable housing units in the state.
LFE Corp secures contracts worth RM71m for Oasis Ara, Cyberjaya development
The first contract, worth RM30.49 million, was for alteration, underpinning, and structural strengthening works at the proposed Oasis Ara development in Ara Damansara.
