Maxim Global secures RM126 mil loan to develop 3.24-acre KL Site
Maxim Global Bhd (KL:MAXIM) has secured RM126 million in banking facilities from Alliance Bank Malaysia Bhd (KL:ABMB) to fund a property development project in Kuala Lumpur.
Y&G to acquire RM477m worth of landbank from major shareholder's family
The property developer said it had entered into agreements to acquire 95.02 acres in Sepang for RM206 million and 367 acres in Ujong Permatang, Kuala Selangor, for RM189 million.
EcoFirst unit hit with suit over 12-year delay in obtaining strata titles
A subsidiary of property developer EcoFirst Consolidated Bhd (KL:ECOFIRS) has been sued by purchasers of an apartment development in Seri Kembangan concerning an over-decade-long delay in obtaining strata titles.
Azam Jaya bags RM120.9m job to upgrade Sabah’s Tawau Airport
Azam Jaya Bhd (KL:AZAMJAYA) has secured a three-year contract from the Ministry of Transport for upgrading works for Sabah’s Tawau Airport.
Former chairman Farouk Abdullah ceases to be Magma's substantial shareholder
Magma Group Bhd's (KL:MAGMA) former executive chairman Datuk Seri Ismail @ Farouk Abdullah has ceased to be a substantial shareholder in the hotel management and property development company, following a stake trim.
MUI found a buyer for Corus Hotel KL, sources say
Malayan United Industries Bhd (KL:MUIIND), or MUI, will be sealing a deal to sell Corus Hotel Kuala Lumpur to a publicly-listed property developer, according to sources.
Paramount to buy 28% of Texas Chicken, SF Coffee operator for RM126m from Johari Ghani's JAG
Property developer Paramount Corp Bhd (KL:PARAMON) plans to acquire a 28% stake in the operator of Texas Chicken and San Francisco Coffee in Malaysia for S$38.33 million (RM126.32 million) cash, as it looks to expand its footprint in the food and beverage (F&B) sector.
IGB’s REITs post higher 2Q NPIs on higher rental income
IGB Real Estate Investment Trust (KL:IGBREIT) and IGB Commercial REIT (KL:IGBCR) logged higher net property income (NPI) for the second quarter on the back of higher rental income.
Most electricity consumers could see tariff rebate for coming months on low fuel prices
Peninsular Malaysia’s electricity tariffs will see a fuel rebate of 1.45 sen/kWh in August, Parliament heard, while Tenaga Nasional Bhd (KL:TENAGA) also projected bigger rebates in September-November due to lower-than-projected fuel costs.
Ekovest, Knusford shares decline after merger falls through
Shares of Ekovest Bhd (KL:EKOVEST) and Knusford Bhd (KL:KNUSFOR) slid on Tuesday after their proposed merger fell through following the third extended deadline.
