News by syafiqah Salim

Kenanga IB said the transaction is “fair and reasonable” and is not detrimental to the interests of non-interested shareholders.

YNH Property Bhd (KL:YNH) said the deadline for its proposed disposal of a five-acre freehold land in Desa Sri Hartamas to Sunway Bhd (KL:SUNWAY) for RM170 million has been further extended  to mid-June 2026.

Kerjaya Prospek Group Bhd (KL:KERJAYA) has secured a RM56.4 million construction contract from the Penang Chief Minister’s Department.

Construction firm Taghill Holdings Bhd (KL:TAGHILL) said two of its wholly owned subsidiaries, which are not major contributors, have filed applications for a judicial management order to address their financial position and cash flow constraints.

Sunway Real Estate Investment Trust (KL:SUNREIT) posted a 25.3% increase in third-quarter net property income (NPI) on Monday, supported by full-quarter contributions from new retail and industrial assets.

Abdul Wahid, 61, succeeds Tan Sri Peter Chin Fah Kui, who retired on Tuesday after serving on the board since December 2014.

KIP Real Estate Investment Trust’s (KL:KIPREIT) net property income (NPI) surged 51% year-on-year for the first quarter ended Sept 30 (1QFY2026), driven by its newly acquired assets.

IJM Corp Bhd (KL:IJM) has bagged a RM873.9 million contract for the mechanical and electrical (M&E) fit-out works of a hyperscale data centre at the Elmina Business Park, Selangor.

Shaiful succeeds Syahrunizam Samsudin, who resigned at the end of August to take the helm of independent power producer Malakoff Corp Bhd. 

Sunway said the term loan facility will raise its gross borrowings to RM12.78 billion from RM10.91 billion as of end-December 2024, while net borrowings are expected to rise to RM8.45 billion from RM6.57 billion.