News by justin Lim

Kuchai Development Bhd (KL:KUCHAI) has proposed a special dividend of 44.8 sen per share to be followed by the company's voluntary withdrawal from Bursa Malaysia.

IGB Real Estate Investment Trust (REIT) (KL:IGBREIT) has proposed to set up a RM5 billion medium-term notes (MTN) programme.

Land & General Bhd (KL:L&G) plans to launch its maiden industrial park at its 2,500-acre Sungai Jernih Estate in Kerling, Hulu Selangor next year, with the development expected to span over a decade.

MKH Bhd (KL:MKH) has proposed to dispose of its furniture manufacturing subsidiary in China to focus on its property and plantation business.

Hanil, which manufactures water pumps and household appliances such as humidifiers and blenders, may invest RM220 million to develop a manufacturing plant in Sarawak as part of its expansion into Southeast Asia. 

Axis REIT (KL:AXREIT) rose on Monday, following news of its latest acquisition, though analysts are flagging tenant risk as the asset is currently unoccupied.

Eversendai Corp Bhd's (KL:SENDAI) net profit jumped exponentially in the second quarter, as the group recorded its highest ever quarterly revenue, while finance costs and expenses fell by half.

OSK Holdings Bhd's (KL:OSK) second-quarter net profit rose 10.33% to RM142.0  million from RM128.7 million a year earlier, on the back of higher earnings from its operating businesses.

Engineering firm West River Bhd (KL:WESTRVR) has secured a RM16.66 million subcontract to undertake electrical low-voltage and lighting services for an apartment project.

The net profit for the quarter ended June 30, 2025 (4QFY2025), was RM31.23 million, compared with RM1.38 million a year ago.