News by Justin Lim

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.

Majuperak Holdings Bhd (KL:MJPERAK) said its proposed disposal of two parcels of land and a building in Ipoh, known as Brewster Village, has been called off after the non-fulfilment of conditions precedent within the stipulated timeframe.

“For the first half of this year we had a pretty good year."

These loans were previously provided for PMSB’s working capital and operations, and were funded internally.

Abadi Malaysia Sdn Bhd, Kota Lanskap Sdn Bhd and Usia Maintenance Sdn Bhd were found to have infringed Section 4 of the Competition Act 2010 in six tenders collectively worth RM44.85 million put out in 2018 and 2021. 

Kim Hin shares closed up one sen or 2.22% to 46 sen on Thursday, giving the company a market capitalisation of RM72 million.