News by Izzul Ikram

Practice Note 17 (PN17) company Perak Corp Bhd (KL:PRKCORP) has proposed a regularisation plan that consists of a capital reduction, joint development project, RM89.6 million in land sales, RM40.38 million entitlement from a joint development, and preference share issuance to settle debt owed to creditors.

Eco World Development Group Bhd (EcoWorld Malaysia) (KL:ECOWLD) has taken full control of a firm developing properties in Puncak Alam by acquiring the Employees Provident Fund's (EPF) 40% stake in the firm.

YNH Property Bhd (KL:YNHPROP) has clarified that its sale of AEON Mall Seri Manjung in Perak to Sunway Real Estate Investment Trust (KL:SUNREIT) for RM138 million is subject to shareholders’ approval in an extraordinary general meeting (EGM) to be fixed later.

Perak Corp Bhd (KL:PRKCORP) has proposed to undertake a mixed development project on 54.8 acres of land owned by the company in Hulu Kinta, Perak.

Teladan Setia Group Bhd (KL:TELADAN) has cancelled its plan to purchase a piece of land in Melaka Tengah for RM48.54 million for a health and wellness centre and serviced apartments project.

YTL Corp Bhd (KL:YTL) said its Singapore-listed industrialised building systems (IBS) unit NSL Ltd has received a four-month extension until June 6 to adhere to the Singapore Exchange's (SGX) 10% public shareholding requirement.

KLCCP Stapled Group (KL:KLCC) posted a 12% rise in net profit for the fourth quarter, driven by full ownership of Suria KLCC Mall and higher fair value gains.

Bina Puri Holdings Bhd (KL:BPURI) said the company is appealing against the summary judgment obtained by Wisma Majujaya Sdn Bhd in the RM28.17 million suit filed against it, its wholly owned unit Bina Puri Properties Sdn Bhd, and deputy executive chairman Tan Sri Tee Hock Seng.

Ge-Shen Corp Bhd (KL:GESHEN) is to sell Johor Bahru land measuring 4.61 acres in aggregate, with an office, a warehouse, and a factory built atop, for RM35 million in cash.

The dispute pertains to Vienna Advantage’s alleged failure to supply and implement enterprise resource planning and related services agreed upon under various agreements inked between July 2019 and November 2023.