News by izzul Ikram

IGB Real Estate Investment Trust’s (REIT) net property income (NPI) for the fourth quarter ended Dec 31, 2022 (4QFY2022) rose 12.79% to RM105.64 million from RM93.66 million a year ago, as revenue increased 24.59% to RM148.72 million from RM119.37 million.

Ireka Corp Bhd is giving a profit warning that its financials are expected to be dragged by the huge losses in its wholly-owned unit Ireka Engineering & Construction Sdn Bhd (IECSB) in the current third financial quarter ending March 31, 2023 (3QFY2023).

Pesona Metro said its wholly owned subsidiary Pesona Metro Sdn Bhd has secured a contract from property developer Land Market Sdn Bhd to build a two-block 44-storey condominium in Mon't Kiara, Kuala Lumpur.

MR DIY Group (M) Bhd is buying 80 units of purpose-built foreign worker quarters in Selangor for RM165,000 each, or a total of RM13.2 million.

Ireka Corp Bhd said the RM163.9 million contract awarded to its unit Ireka Engineering & Construction Sdn Bhd (IECSB) back in end-June 2020 has been terminated.

Berjaya Leisure Capital (Cayman) Ltd (BLCC) has received valid acceptances amounting to 39.43 million shares, representing a 22.23% stake, in Informatics Education Ltd (IEL) at the close of the cash offer by the Berjaya Land Bhd subsidiary.

The construction firm’s wholly owned subsidiary Sunway Construction Sdn Bhd entered into the contract with Yellowwood Properties Sdn Bhd on Dec 31, 2022.

The new government is supportive of the 50% stamp duty exemption given to first-time home buyers for the transfer of residential properties priced between RM500,000 and RM1 million, said Local Government Development Minister Nga Kor Ming.

Telekom Malaysia Bhd (TM) has clarified that the telecommunications giant's decision to exit the Kuala Lumpur Tower (KL Tower) concession is part of its business transformation programme to focus its efforts and resources on strengthening its core business of telecommunications and technology.

The private placement entails the issuance of 240.41 million new shares — 30% of LFE's total issued shares — to raise RM20.77 million based on an issue price of 8.64 sen apiece.