News by Hailey Chung

Akmal said the related agencies and responsible body, who play a role in regulating and determining the liquidators’ charge and fee rates, are finding the best solutions and methods.

Sentral Real Estate Investment Trust (Sentral REIT) plans to acquire 27-storey Menara CelcomDigi in Petaling Jaya from Malaysian Resources Corp Bhd (MRCB).

The number of late projects have risen to 141, from 110 at end-March, while the number of abandoned projects remained unchanged at 112. 

Apollo Food Holdings Bhd’s unit has proposed to dispose of three vacant freehold parcels of land in Johor Bahru, Johor for RM33.87 million to Ha Teng Holdings Sdn Bhd.

Newly listed Radium Development Bhd said the company has sustained land bank and projects amounting to RM3.4 billion in gross development value (GDV) in the next five years.

Higher contributions from property investment and healthcare segments lifted Sunway Bhd’s first quarter net profit by 3.76% to RM141.64 million from RM136.51 million a year ago. This more than offset the lower profit contributions from the other business segments, the group said.

Bintai Kinden Corp Bhd made further announcements on its boardroom changes on Tuesday (May 16), including the return of its former chief executive officer Datuk Tay Chor Han as its new group managing director effective May 15.

Yong, 48, was appointed to the role on Aug 22, 2022, replacing Choh Kim Chiew and was a member of the Malaysian Institute of Accountants (MIA) and CPA Australia.

The increase in the overnight policy rate (OPR) to 3% on May 3 is expected to have an impact on property market activity, particularly residential demand, said the National Property Information Centre (Napic).

Bertam Alliance incurred negative operating cash flows of RM1.47 million during FY2022 and its current liabilities has exceeded its current assets by RM17.09 million.