News by Justin Lim

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.

The Johor-based construction and property development firm said the issue price for the shares will be determined at a later date.

Axis Real Estate Investment Trust (KL:AXREIT) has proposed to acquire a warehouse in Port Klang for RM80 million in cash.

HCK Capital Group Bhd (KL:HCK) is acquiring two parcels of freehold land from Bandar Setia Alam Sdn Bhd for a combined RM38.64 million in cash.

Paramount Corp Bhd (KL:PARAMON) is acquiring a piece of freehold land in Penang from Penang Development Corp for RM57.84 million and planning a new mixed development with an estimated gross development value (GDV) of RM744 million on the plot.

Ireka Corp Bhd (KL:IREKA) is in early talks with a party about a possible corporate plan to fix its Practice Note 17 (PN17) status.

Ekovest Bhd (KL:EKOVEST) and its major shareholder Tan Sri Lim Kang Hoo have mutually agreed to an extension to Aug 29 to finalise the proposed RM1.15 billion acquisition of Credence Resources Sdn Bhd (CRSB).

AME Real Estate Investment Trust (KL:AMEREIT) recorded a 11.5% increase in net property income (NPI) for its first quarter ended June 30, 2025 (1QFY2026), contributed by two new property acquisitions and higher rental rates from tenancy renewals.

HI Mobility Bhd (KL:HI) has denied claims that it reduced the salaries of its cross-border bus drivers, stating that all payments have been made in full and in accordance with employment contracts and statutory regulations.

Causeway Link, which provides bus services between Johor Bahru and Singapore,  has confirmed that a number of its drivers had launched a strike, and said it is working to resolve the matter.