News by theedgemalaysia.com

Hektar Real Estate Investment Trust (REIT) (KL:HEKTAR) aims to grow its non-retail assets from 13% to 20%, and double its portfolio size to RM3 billion within five years.

WORQ and Sunway Property have announced the launch of their second collaborative co-working outlet with the opening of the 20,000 sq ft WORQ Sunway Velocity at Sunway V2 Tower in Cheras.

The Port Klang Free Zone (PKFZ) has unveiled the highlights of its PKFZ 2.0 Masterplan, a roadmap aimed at transforming the free zone into a next-generation logistics and industrial ecosystem, integrating sustainability, technology and investor-oriented services to enhance Malaysia’s standing in regional trade and supply chains.

Axis Real Estate Investment Trust (KL:AXREIT) has proposed the establishment of a sukuk programme of up to RM3 billion in nominal value.

Bina Puri Holdings Bhd (KL:BPURI) said its wholly owned subsidiary has been served with a winding-up petition by Fujifilm Business Innovation Asia Pacific Pte Ltd, formerly Fuji Xerox Asia Pacific Pte Ltd, over an alleged outstanding debt of RM309,129.

Malayan Banking Bhd (Maybank) has collaborated with the Ministry of Tourism, Arts and Culture (Motac) as a banking partner for the Malaysia My Second Home (MM2H) programme.

Eversendai Corp Bhd (KL:SENDAI) has won RM1.3 billion in new contracts for projects in the United Arab Emirates, India and Singapore, including a major renewable energy infrastructure job in Germany through a subcontract.

Astaka Holdings Ltd, along with its joint-venture partner Kimlun Corp Bhd (KL:KIMLUN), has commenced construction of Arden, a 68-storey serviced residence with a gross development value of RM800 million.

Exsim Hospitality Bhd (KL:EXSIMHB), formerly known as Pan Malaysia Holdings Bhd, has returned to the black in its third quarter, thanks to a new segment’s contribution.

TCS Group Holdings Bhd (KL:TCS) said it has secured a RM216.9 million contract to undertake the construction of two 48-storey serviced apartment blocks in Subang Jaya.