Senheng New Retail sells vacant land in Johor
Senheng New Retail Bhd (KL:SENHENG) is disposing of a piece of freehold industrial vacant land in Tebrau, Johor, measuring 1.041ha for RM11.21 million cash.
Mulpha sells shopping centre, marina in Australia for RM233m
The proposed disposal of the Capri on Via Roma property for A$85.5 million (RM233.42 million) is part of Mulpha International's capital recycling initiative aimed at strengthening its cash flow and streamlining its asset portfolio.
Vizione slips into the red for 2Q due to RM80m impairment
Construction player and property developer Vizione Holdings Bhd (KL:VIZIONE) slipped into the red with a net loss of RM79.68 million for the second quarter ended Nov 30, 2024 (2QFY2025), reversing from a net profit of RM213,000 a year ago.
Mieco to sell two pieces of industrial land in Kuantan at RM2.45m loss
This disposal follows Mieco’s strategic rationalisation, which involved consolidating operations at its Kuala Lipis plant to centralise production and achieve cost efficiencies.
SBH Marine buys land in Penang for new corporate office
Frozen seafood products exporter SBH Marine Holdings Bhd (KL:SBH) has acquired a 7.228-acre vacant industrial land in Penang for RM18.9 million, to build its new corporate office.
Annum parts ways with auditor who couldn't vouch for company's financials, appoints new one
Practice Note 17 (PN17) company Annum Bhd (KL:ANNUM) has appointed Messrs LTTH PLT as its auditor, effective Wednesday.
Citaglobal acquires 55% stake in waste-to-energy partner LAWI Germany for undisclosed value
Following the stake acquisition, LAWI Germany will operate as a 55%-owned subsidiary of CGEM.
Electricity tariff hike will ultimately push up prices for shoppers, mall operators warn
Shopping mall operators said the proposed electricity tariff hike will put further financial pressures on them, who are still grappling with post-pandemic challenges, and ultimately lead to higher prices for consumers.
Sunway appoints outgoing Sapura Energy CEO Anuar Taib as deputy president
Sunway Bhd (KL:SUNWAY) has appointed its independent director Datuk Mohd Anuar Taib to an executive role as deputy president effective Jan 2, 2025.
YNH Property’s MD Kuan Huat replaces brother Kuan Chon as new chairman
YNH Property Bhd (KL:YNHPROP) executive chairman Datuk Dr Yu Kuan Chon has been redesignated as an executive director of the property developer. Kuan Chon, 62, is YNH Property’s largest shareholder controlling a direct and indirect shareholding of 32.58% as at Oct 7, 2024.
