News by theedgemalaysia.com

Kuala Lumpur Tower concessionaire Lim Seong Hai Capital Bhd (KL:LSH) said its unit LSH Service Master Sdn Bhd (LSHSM) has on Tuesday officially assumed the operation, management, and maintenance of the city’s landmark, which it said remains fully owned by the Malaysian government.

Kerjaya Prospek Property Bhd (KL:KPPROP) has proposed a rights issue of shares and redeemable convertible unsecured loan stocks (RCULS) to raise up to RM147.18 million, mainly to fund property development projects and repay loans.

Seremban Engineering Bhd (KL:SEB) has proposed to dispose of a piece of  land together with a detached factory near Seremban for RM19.5 million, as part of the company's business rationalisation plan.

Electronic circuit board maker and property company GUH Holdings Bhd (KL:GUH) has announced its acquisition of 27.22 hectares of land in Semenyih for RM71.76 million.

Lim Seong Hai Capital Bhd (KL:LSH), which has been slapped with a lawsuit by the former operator of Kuala Lumpur Tower, said that the claim against its subsidiaries is without merit and cannot be established.

Genting Bhd (KL:GENTING) said on Friday the Nevada Gaming Commission has accepted the terms of a settlement in relation to a complaint against its Las Vegas resort.

Construction group Southern Score Builders Bhd (KL:SSB8) is eyeing a transfer of listing from the ACE Market to the Main Market of Bursa Malaysia.

KPJ Healthcare Bhd (KL:KPJ) has proposed to inject two hospital properties into Al-'Aqar Healthcare Real Estate Investment Trust (Al-Aqar REIT) (KL:ALAQAR) for a combined consideration of RM241 million via a sale-and-leaseback arrangement.

Crescendo Corporation Bhd (KL:CRESNDO) has reported a record-high earnings for the financial year ended Jan 31, 2025 (FY2025), thanks to data centre land sales in Iskandar Puteri.

A lawsuit has been filed by the former operator of KL Tower against Lim Seong Hai Capital Bhd's (KL:LSH) subsidiaries and the Malaysian government, challenging the award of the KL Tower concession to LSH Service Master Sdn Bhd.