News by M

The joint venture (JV) between GuocoLand and Hong Leong Holdings’ wholly-owned subsidiary, Intrepid Investments, has been awarded the Lentor Gardens land parcel.

Maxim Global Bhd is planning to pay RM271.03 million to acquire properties, including parcels of land, from its major shareholders and directors.

Bintai Kinden Corporation Bhd said its sub-subsidiary Johnson Medical International Sdn Bhd (JMI), which is facing a RM27.7 million liquidated damages claim, has good grounds of defence.

The Federal Court will deliver its decision next Tuesday (April 18) on an appeal brought by a developer and Kuala Lumpur City Hall (DBKL) against the judicial review application filed by Taman Tun Dr Ismail (TTDI) residents over the development order granted for a multi-storey housing project on a plot of land in the Taman Rimba Kiara recreational park.

Yong Tai Bhd has scrapped the mining agreement to undertake a gold mining project on a 100ha site in Bukit Kenderak in Pahang's Lipis district.

Property developer Tambun Indah Land Bhd said it has proposed a first and final single tier dividend of 5.6 sen per share for the financial year ended Dec 31, 2022 (FY2022), to be approved by shareholders at its upcoming annual general meeting.

Country Heights Holdings Bhd (CHHB) has assured investors that the "recent personal incident" of its controlling shareholder and founder Tan Sri Lee Kim Yew will not impact the company.

Tan Sri Lee Kim Yew claimed that he did not file for bankruptcy, and is still far from insolvency, after news that the Shah Alam High Court had declared him bankrupt went viral on Wednesday (April 12).

RHB Research initiated its "buy" call for AME Real Estate Investment Trust (REIT) due to its clear pipeline of new developments from AME Elite Consortium Bhd, favourable supply-demand in the industrial property space, and worker dorms as its new high-class assets.

AEON CO (M) Bhd (AEON) have signed a supply agreement for renewable energy (SARE) with Tenaga Nasional Bhd (TNB) and GSPARX Sdn Bhd (GSPARX) for the installation of solar photovoltaic (PV) facilities.