PTT Synergy to dispose of two factories for RM26 mil
Integrated construction and property company PTT Synergy Group Bhd (KL:PTT) is disposing of two units of three-storey detached factories in Sepang, Selangor, to MCM Land Sdn Bhd for RM26 million.
MUI Properties unit to sell freehold land in Port Dickson for RM81 mil cash
Loss-making MUI Properties Bhd (KL:MUIPROP), in which Malayan United Industries Bhd (KL:MUIIND) owns a 23.48% stake, is selling 53 acres of freehold land in Port Dickson, Negeri Sembilan, for RM80.8 million cash.
Sabah-based builder Azam Jaya files for Main Market IPO
Azam Jaya Bhd, a Sabah-based construction company, filed for an initial public offering (IPO) on the Main Market of Bursa Malaysia to raise funds to buy equipment and free up working capital to pursue larger projects.
Econpile gets RM27m earthworks job for Mont Kiara condo project
Econpile Holdings Bhd (KL:ECONBHD) has secured a RM26.5 million contract to undertake piling, earthworks and sub-structure works for a 40-storey condominium project in Mont Kiara.
DONE DEAL: Condo, Verticas Residensi, Bukit Bintang, Kuala Lumpur
Noteworthy:
- Freehold
- Built-up size: 1,500 sq ft
- 3 bedrooms, 3 bathrooms
- Floor location: Low
- Fully furnished
- Nearby amenities: TERKL, KLCC Park, Pavilion Bukit Bintang, Jalan Alor Food Street, Plaza Low Yat, Tung Shin Hospital, Raja Chulan monorail station, MRT Bukit Bintang, Dataran Merdeka, Central Market, schools
- Accessibility: Jalan Raja Chulan, Jalan Pudu, Jalan Imbi, Jalan Sultan Ismail, MEX, Sungai Besi Expressway, AKLEH
When: May 2024
Knight Frank Malaysia opens first office in Sarawak
The new office will offer a wide range of services, including residential and commercial property sales and leasing, property management, transactions, valuation and advisory services.
RHB favours Kerjaya Prospek for attractive dividend yield
RHB Investment Bank favours Kerjaya Prospek Group Bhd (KL:KERJAYA) for its attractive dividend yield of 5% estimated for the financial year ending Dec 31, 2025, alongside a steady profit after tax margin.
Construction services firm Wawasan Dengkil files for ACE Market IPO
Wawasan Dengkil Holdings Bhd, a construction services company, filed for an initial public offering (IPO) on the ACE Market to raise funds to buy equipment, and to finance project working capital.
DONE DEAL: Bungalow, Enclave Bangsar, Bukit Bandaraya, Kuala Lumpur
Noteworthy:
- Freehold
- Built-up size: 8,000 sq ft
- Land size: 8,000 sq ft
- 6 bedrooms, 8 bathrooms
- Semi-furnished
- Nearby amenities: MRT Pusat Bandar Damansara, Bangsar LRT station, Bangsar Shopping Center, Bangsar Village I & II, and various F&B outlets
- Accessibility: SPRINT - Damansara Link and Kerinchi Link, Jalan Maarof, Jalan Tuanku Abdul Halim
When: December 2023
Court ruling solidifies CTOS' credit reporting role, boosts industry confidence, say analysts
The Court of Appeal's decision to overturn a defamation case in favour of CTOS Digital Bhd's (KL:CTOS) unit confirms its legal right to publish credit scores, boosting the group’s credit reporting business, said analysts.
