News by Justin Lim

Hanil, which manufactures water pumps and household appliances such as humidifiers and blenders, may invest RM220 million to develop a manufacturing plant in Sarawak as part of its expansion into Southeast Asia. 

Axis REIT (KL:AXREIT) rose on Monday, following news of its latest acquisition, though analysts are flagging tenant risk as the asset is currently unoccupied.

Eversendai Corp Bhd's (KL:SENDAI) net profit jumped exponentially in the second quarter, as the group recorded its highest ever quarterly revenue, while finance costs and expenses fell by half.

OSK Holdings Bhd's (KL:OSK) second-quarter net profit rose 10.33% to RM142.0  million from RM128.7 million a year earlier, on the back of higher earnings from its operating businesses.

Engineering firm West River Bhd (KL:WESTRVR) has secured a RM16.66 million subcontract to undertake electrical low-voltage and lighting services for an apartment project.

The net profit for the quarter ended June 30, 2025 (4QFY2025), was RM31.23 million, compared with RM1.38 million a year ago.

Country Heights Holdings Bhd (KL:CHHB) said its unit, Golden Horse Palace Bhd (GHPB)—operator of the Palace of the Golden Horses—is facing a winding-up petition from Fujifilm Business Innovation Asia Pacific over an unpaid debt.

Ivory Properties Group Bhd (KL:IVORY) said its group chief executive officer Datuk Low Eng Hock is cooperating with the authorities in the ongoing MBI investigation.

Property developer I-Bhd (KL:IBHD) more than doubled its net profit in the second quarter ended June 30, 2025 (2QFY2025), driven by stronger contributions across all business segments, namely leisure and hospitality, property development, and property investment.

Parkson Holdings Bhd’s (KL:PARKSON) unit in Beijing will end its long-standing retail tenancy at the China National Arts and Crafts Museum from Jan 1, 2026, following a lease termination agreement signed to cut losses and reduce financial strain.