Elevated office vacancy rates persist as supply outpaces demand, BNM says
Total office space stock in the Klang Valley expanded further to 121.7 million sq ft in the fourth quarter of 2024 (4Q2024), up from 121 million sq ft as at the end of 2Q2024.
Industrial land sales boost EcoWorld net profit in 1QFY2025; declares one sen interim dividend
Eco World Development Group Bhd (KL:ECOWLD) posted a 15.4% year-on-year (y-o-y) increase in net profit for the first quarter ended Jan 31, 2025 (1QFY2025) to RM80.34 million, driven by two major industrial land sales and stronger contributions from its projects in Johor.
Cahya Mata Sarawak sues deputy chairman Abu Bekir Taib, five others over failed project
Cahya Mata Sarawak Bhd (KL:CMSB) has initiated legal action against its deputy chairman Datuk Seri Mahmud Abu Bekir Taib over alleged breaches of trust and fiduciary duties in relation to a failed enterprise resource planning (ERP) system under the company’s digital transformation project.
Pecca acquires land in Rawang to expand manufacturing capacity
Automotive leather upholstery manufacturer Pecca Group Bhd (KL:PECCA) said it is acquiring land measuring 25,350 sq m in Bandar Serendah, Rawang, to support its expansion plans.
Econpile secures RM27m contract for Setia Federal Hill project
Econpile Holdings Bhd (KL:ECONBHD) has clinched a RM27.23 million contract for substructure works for the Setia Federal Hill project (Residential Tower 1) in Kuala Lumpur.
Northeast to acquire two land parcels in Penang for RM16.35m to expand capacity
Precision component manufacturer Northeast Group Bhd (KL:NE), which debuted on the ACE Market last October, is acquiring two leasehold properties in Seberang Perai Tengah, Penang for RM16.35 million, as part of its plan to accelerate production capacity expansion amid construction delays for its new factory.
Vizione to cut share capital by RM500m to offset accumulated losses
Construction player and property developer Vizione Holdings Bhd (KL:VIZIONE) has proposed a share capital reduction of up to RM500 million to eliminate its accumulated losses and strengthen its financial position.
Exsim cancels Aperia data centre contract, trying to secure unnamed Japanese firm
Exsim has mutually terminated its contract with Aperia Cloud Services for the Exsim Hyperscale Data Centre @ Bukit Jalil, opting instead to secure a "Japanese Fortune 500 company" as an anchor tenant while continuing to attract significant interest from other potential occupants.
Exsim Hospitality bags five related-party contracts across multiple property projects
All five contracts are deemed recurrent related-party transactions, as Exsim Hospitality’s major shareholders — Lim Aik Hoe, Lim Aik Kiat and Lim Aik Fu — who collectively hold a 70.5% indirect interest in the company, also control substantial stakes in the awarding entities through Exsim Development Sdn Bhd.
WCT gets nod from SC for Paradigm REIT listing
Paradigm REIT will debut with an initial fund size of 1.6 billion units and a portfolio of three properties valued at RM2.44 billion.
