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.
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.
This disposal follows Mieco’s strategic rationalisation, which involved consolidating operations at its Kuala Lipis plant to centralise production and achieve cost efficiencies.
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.
Practice Note 17 (PN17) company Annum Bhd (KL:ANNUM) has appointed Messrs LTTH PLT as its auditor, effective Wednesday.
Following the stake acquisition, LAWI Germany will operate as a 55%-owned subsidiary of CGEM.
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 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 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.
Al-Aqar Healthcare Real Estate Investment Trust's (Al-Aqar REIT) (KL:ALAQAR) net income fell 11% year-on-year to RM15.63 million in the third quarter ended Sep 30, 2024 (3QFY2024), following a drop in net rental income.
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