Sabah-based KTI Landmark gets Bursa’s approval for ACE Market IPO
Property developer KTI Landmark Bhd said on Monday that it has secured approval for its initial public offering (IPO) on ACE Market from Bursa Malaysia.
Crescendo declares special dividend as earnings surge to seven-year high
Property developer Crescendo Corporation Bhd on Wednesday declared a special dividend as earnings surged to a seven-year high on the back of rising home sales and high margin industrial land disposal.
S P Setia to continue cutting debt, preparing for potential REIT
Malaysian property developer S P Setia Bhd plans to continue cutting its debt as well as sell more unimportant assets and improve its investment properties for a potential real estate investment trust (REIT).
Holiday Inn Express Hotel KL up for sale — Colliers
The Holiday Inn Express hotel in the Kuala Lumpur city centre has been put up for sale by its privately owned owner Winbond Group, according to real estate firm Colliers.
Malaysia’s retail sales may rebound after unexpected 0.2% drop in 4Q — RGM
Retail sales are expected to grow an average 7.1% in 1Q2024 from a year earlier, with growth in all sub-sectors, partly due to festivities and school holidays.
Bank Negara keeps overnight policy rate unchanged at 3%
Malaysia’s central bank on Thursday kept the benchmark interest rates unchanged, as widely expected, citing improving economic growth and moderating inflation.
Lim Seong Hai Capital proposes RM168 mil share sale for listing transfer
Construction company Lim Seong Hai Capital Bhd (LSH) said on Wednesday it is proposing a public offering which could potentially raise RM168.08 million as part of its listing transfer to the ACE Market from the LEAP Market.
Cagamas sells RM960 million worth of bonds, sukuk
Malaysia’s national mortgage corporation Cagamas Bhd said on Wednesday it has raised RM960 million from the issuance of bonds and sukuk.
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Auditor general flags going concern issues at Felda, PR1MA
Malaysia’s auditor general on Wednesday flagged going concerns issues at two federal government agencies Federal Land Development Authority (Felda) and PR1MA Corp Malaysia.
MRCB's 4Q profit jumps to RM80m on disposal gains, from RM13m a year ago
Construction and property development firm Malaysian Resources Corp Bhd (MRCB) said on Thursday its net profit jumped to RM80.23 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM13.02 million a year earlier, as gains from disposal of two properties offset a decline in revenue.
