News by Syafiqah Salim

Compugates Holdings Bhd (KL:COMPUGT) said it has teamed up with a property developer to undertake a mixed-use development on a 14.5-hectare land in Cyberjaya with an estimated gross development value (GDV) of RM1.36 billion.

DXN Holdings Bhd (KL:DXN) said it is terminating its plan to develop a medicine facility and a wellness centre due to a lack of progress and failure to achieve the expected benefits.

Lebtech Bhd (KL:LEBTECH) has secured a RM21 million contract to develop 104 units of two-storey terraced houses in Seksyen U13, Shah Alam.

Ekovest Bhd (KL:EKOVEST) and Knusford Bhd (KL:KNUSFOR) have agreed to have another six months to discuss a merger deal worth RM450 million.

YNH Property Bhd (KL:YNHPROP) announced on Monday that the independent review of its joint venture (JV) and turnkey contracts, conducted by Messrs UHY, is expected to be completed and issued by Feb 15, 2025.

Building and infrastructure construction services provider TCS Group Holdings Bhd (KL:TCS) saw the emergence of a new substantial shareholder.

Taghill Holdings Bhd (KL:TAGHILL), formerly known as Siab Holdings Bhd, has secured a RM152 million construction job in Kuantan, Pahang.

Axis Real Estate Investment Trust (Axis REIT) posted a 15.39% year-on-year increase in net property income (NPI) for the fourth quarter ended Dec 31, 2024 (4QFY2024), contributed by its new acquisitions and new tenancies.

AME Real Estate Investment Trust (KL:AMEREIT) reported a 1.4% increase in net property income (NPI) for the third financial quarter, thanks to contributions from a newly-acquired property and tenancy renewals at higher rates.

Data centre-related stocks and proxies to artificial intelligence (AI) on Bursa Malaysia rebounded on Tuesday, driven by expectations of gradual approach to tariff policies by the new Donald Trump’s US administration.