News by Jazlin Zakri

Hektar Real Estate Investment Trust (KL:HEKTAR) announced that Datuk Seri Jamil Bidin, 69, has been appointed chairman, effective immediately.

Ahmad Zaki Resources Bhd (KL:AZRB) has redesignated executive vice-chairman Datuk Seri Wan Zakariah Wan Muda to chairman, effective immediately.

Magna Prima Bhd (KL:MAGNA) said its wholly-owned unit Permata Juang (M) Sdn Bhd (PJSB) has entered into a rehabilitation agreement to take over and complete the stalled 8 Conlay mixed-use development in Kuala Lumpur, in a restructuring exercise capped at RM700 million.

The Malaysian government is set to strengthen oversight of imported building materials that do not meet safety standards as it seeks to protect consumers and ensure fairness for local businesses.

Malaysia is rethinking how it attracts foreign investments after an influx of data centre projects exposed the limitations of rewarding companies based primarily on the size of their capital commitments.

IGB REIT’s (KL:IGBREIT) net property income (NPI) jumped 51% for the second quarter ended June 30, 2026 (2QFY2026), helped by a full-quarter contribution from The Mall, Mid Valley Southkey (MVS Mall).

Rivertree STF Synergies Bhd (KL:RSSB) expects to sign contracts for three more centralised labour quarters (CLQs) in the Klang Valley within the next six to nine months, following the award of its first project under a broader RM600 million collaboration.

Rivertree STF Synergies Bhd (KL:RSSB) has secured a RM168.14 million contract to build a 9,000-bed centralised labour quarters facility in Kapar, Klang.

The price tag of RM160 million for the proposed acquisition of Wisma Unirazak in the heart of Kuala Lumpur city centre is “fair” and “reasonable”.

Vestland Bhd (KL:VLB) said it has won a construction contract worth RM135 million under an industrial development project in Bukit Raja, Klang.