IGB’s REITs post higher 2Q NPIs on higher rental income
IGB Real Estate Investment Trust (KL:IGBREIT) and IGB Commercial REIT (KL:IGBCR) logged higher net property income (NPI) for the second quarter on the back of higher rental income.
Most electricity consumers could see tariff rebate for coming months on low fuel prices
Peninsular Malaysia’s electricity tariffs will see a fuel rebate of 1.45 sen/kWh in August, Parliament heard, while Tenaga Nasional Bhd (KL:TENAGA) also projected bigger rebates in September-November due to lower-than-projected fuel costs.
Ekovest, Knusford shares decline after merger falls through
Shares of Ekovest Bhd (KL:EKOVEST) and Knusford Bhd (KL:KNUSFOR) slid on Tuesday after their proposed merger fell through following the third extended deadline.
MRCB firms up deal to jointly develop RM6.25b GDV Ipoh Sentral
Malaysian Resources Corp Bhd (KL:MRCB) has firmed up the partnership to jointly develop Ipoh Sentral, a transit-oriented development project in the Perak capital with a gross development value of RM6.25 billion.
Ecobuilt shelves rights issue, to proceed with capital reduction
Ecobuilt Holdings Bhd (KL:ECOHLDS) has decided to call off its proposed rights issue and proceed only with a share capital reduction.
Lulu Group shuts down retail operations in Malaysia
Lulu Group is shutting down its hypermarkets in Malaysia, while keeping its wholesale division in the country.
Mitraland founder Chuah Theong Yee ceases to be substantial shareholder of Eonmetall
Mitraland Group founder Chuah Theong Yee has ceased to be a substantial shareholder in steel products maker Eonmetall Group Bhd (KL:EMETALL).
Taghill CEO Ng Wai Hoe steps down
Construction outfit Taghill Holdings Bhd (KL:TAGHILL) has announced the resignation of its CEO and executive director, Ng Wai Hoe, effective immediately.
Dispute resolution panel orders Zelan to pay subcontractor RM22.4 mil
An arbitral tribunal has ruled against Zelan Bhd’s (KL:ZELAN) in a dispute related to a construction contract with subcontractor Landasan Kapital (M) Sdn Bhd.
Lagenda 1Q profit grows 4%, doubles FY2025 property launch target
Lagenda Properties Bhd (KL:LAGENDA) posted a 4.4% year-on-year (y-o-y) increase in net profit for the first quarter, thanks to earnings recognised from elimination adjustments.
