News by M

Soren, the first residential phase of Suria Hill in Bandar Puncak Alam, developed by IJM Land, has achieved an 80% take-up rate.

Kumpulan Jetson Bhd’s board faces a new removal attempt by minority shareholders, who claim to hold at least 10% of shares, giving them the right to call an EGM to vote on removing the board and appointing new directors.

IGB Real Estate Investment Trust (KL:IGBREIT) and IGB Commercial Real Estate Investment Trust (KL:IGBCR) will see their former group chief financial officer Chai Lai Sim return from retirement to take the helm at both REITs.

Chin Hin Group Bhd (KL:CHINHIN) completed its purchase of an additional 12.27% stake in Ajiya Bhd (KL:AJIYA) for RM54.2 million, raising its stake in the building materials maker to 66.36%.

Magma Group Bhd (KL:MAGMA), which is primarily in hotel management and property development, announced the emergence of several new substantial shareholders on Thursday, including former national badminton player Datuk Wira Lee Chong Wei.

The goal of investment should be about securing your finances, not to make quick money, said a panellist during a financial literacy event over the weekend.

Axis Real Estate Investment Trust (Axis REIT) (KL:AXREIT) net income rose 16.2% to RM49.13 million in its first quarter ended March (1QFY2025) from RM42.27 million in 1QFY2024, as new acquisitions, tenancies and rental rates boosted its property income.

IGB REIT and IGB Commercial REIT reported higher earnings in the first quarter ended March 31, 2025, but warned investors of challenges ahead.

AME Real Estate Investment Trust (KL:AMEREIT) on Wednesday reported a marginal increase in net property income (NPI) for its fourth financial quarter, thanks to contributions from two newly-acquired industrial properties which were, however, offset by higher operating expenses.

Sarawak Consolidated Industries Bhd (KL:SCIB) on Wednesday clarified that its subsidiary’s RM19.72 million recovery claim against Awana JV Suria Saga Sdn Bhd has not been withdrawn, but has instead been consolidated into a main suit to streamline litigation proceedings.