News by Luqman Amin

Seremban-based developer Matrix Concepts Holdings Bhd (KL:MATRIX) reported marginally higher earnings for the second quarter as higher project contributions and lower operating expenses offset product mix effects.

The collaboration involves a 6,410-square-metre leasehold tract in Mukim Bandar Kuala Lumpur. 

Sime Darby Property Bhd (KL:SIMEPROP) rose on Friday after reporting a set of stronger-than-expected results, and analysts are now unanimously bullish on the stock.

Sime Darby Property Bhd (KL:SIMEPROP) is well-positioned to take on more debt to fund its income-generating industrial and data centre projects.

Sime Darby Property Bhd (KL:SIMEPROP) expects its newly opened KLGCC Mall in Bukit Kiara to break even sooner than initially projected as early operating indicators on the mall operation have exceeded internal forecasts.

Johor-based property developer Crescendo Corp Bhd (KL:CRESNDO) is divesting another parcel of land in the state for RM200.88 million and has granted the purchaser the right to buy an adjoining parcel worth RM249.07 million.

Datuk Seri Maimunah Mohd Sharif’s tenure as Kuala Lumpur mayor will end on Friday (Nov 14), ahead of the original plan of August 2026, as she assumes a new role at Petroliam Nasional Bhd (Petronas).

Property developer Eco World Development Group Bhd (KL:ECOWLD) has launched a RM1.878 billion unrated medium-term note (MTN) programme to partly finance the development and land acquisition for its build-to-lease data centre project in Selangor.

Digital and outsourcing solutions provider Privasia Technology Bhd (KL:PRIVA) said on Wednesday that it will independently lead the development of a planned data centre project in Bagan Datuk, Perak.

Datuk Seri Chiau Beng Teik has ceased to be a substantial shareholder of LTKM Bhd (KL:LTKM) after trimming his stake in the egg producer to below 5%, a bourse filing on Friday showed.