Selangor, IJM Corp, Lim Seong Hai Capital to study potential upgrades to road connectivity
These efforts are aimed at improving connectivity, reducing travel time and creating new development corridors.
Bank Pembangunan to provide RM253.5 mil financing for data centre in Cyberjaya
Bank Pembangunan Malaysia Bhd said on Wednesday it is providing financing totalling RM253.5 million for construction of a data centre in Cyberjaya, Selangor.
Nextgreen plans share placement to raise up to RM92m for green tech park projects
Nextgreen Global Bhd has proposed a private placement of up to 102.57 million shares, representing 10% of its issued share capital, to yet-to-be-identified third-party investors with the issue price to be determined later.
YNH redesignates senior independent director Khong as new audit chairman following oversight issues
Developer YNH Property Bhd, whose lapses in governance raised eyebrows recently after several delayed disclosures, has redesignated its senior independent, non-executive director Khong Kam Hou as chairman of its audit committee to help the group in fulfilling its oversight and fiduciary duties.
S P Setia shares surge on better than expected 4Q earnings
Shares in S P Setia Bhd surged in early trade on Friday, as more analysts turned bullish and saw more upside following the property developer’s above-consensus fourth-quarter earnings.
Axis REIT to acquire Klang industrial complex from Amsteel Mills for RM49m
Axis Real Estate Investment Trust (Axis REIT) announced that the group has entered into a sales and purchase agreement (SPA) with Amsteel Mills Sdn Bhd (AMSB) for the acquisition of a leasehold industrial complex in Klang for RM49 million, cash.
Companies moving to Tun Razak Exchange to enjoy incentives, says PM
Prime Minister Datuk Seri Anwar Ibrahim on Friday announced incentives for companies relocating their bases to the country’s new international financial centre (IFC), the Tun Razak Exchange (TRX) here.
Eastern & Oriental’s 3Q earnings rise to RM34m lifted by its property and hospitality segment
Property developer Eastern & Oriental Bhd (E&O) has reported a 14.47% growth in its third quarter net profit, thanks to higher contributions from its property and hospitality segment, as well as higher unrealised foreign exchange gains.
LBS Bina posts 31% growth in 4Q earnings amid higher contribution from property biz
Builder cum property developer LBS Bina Group Bhd has reported a 31% growth in its fourth quarter net profit, underpinned by increased contribution from its property development business and better progress of construction activities.
KLK and Batu Kawan report lower earnings in 1QFY24, dragged by downstream activities
Batu Kawan Bhd and its 47.74%-owned Kuala Lumpur Kepong Bhd (KLK) has reported lower earnings for the first quarter of financial year 2024 (1QFY2024), dragged by the losses incurred in the manufacturing and farming segments.
