News by theedgemalaysia.com

Sarawak Consolidated Industries Bhd (KL:SCIB) has denied allegations by Awana JV Suria Saga Sdn Bhd (Awana), the developer of the previously scrapped RM162 million Perak housing project, regarding outstanding debts and demanded the latter to settle the debt promptly.

Property developer Symphony Life Bhd (KL:SYMLIFE) has emerged as the largest shareholder of Vizione Holdings Bhd (KL:VIZIONE) with a 25.88% stake, after subscribing to the entire private placement by Vizione.

Bina Puri Holdings Bhd (KL:BPURI) said the company does not expect “any significant financial and operational impact” from the RM28.17 million lawsuit by Wisma Majujaya Sdn Bhd in relation to a joint venture agreement (JVA) to develop a project in Johor.

Johor-based property developer Crescendo Corp Bhd (KL:CRESNDO) is selling a 22.55-acre piece of land in Pulai, Johor, to Microsoft for RM119.83 million, marking its third land deal since with the global tech giant.

YNH Property Bhd (KL:YNHPROP) announced on Monday that the independent review of its joint venture (JV) and turnkey contracts, conducted by Messrs UHY, is expected to be completed and issued by Feb 15, 2025.

Kenanga Research said Genting Plantations Bhd's (KL:GENP) proposed disposal of its Melaka land is accretive in nature and outweighs the loss of crude palm oil (CPO) income from the estate.

Homegrown co-working space provider INFINITY8 is set to launch a flagship location at the Tun Razak Exchange (TRX) in the second quarter of 2025.

Building materials and construction engineering firm Chin Hin Group Bhd (KL:CHINHIN) has proposed to acquire an additional 37.38 million shares or a 12.27% stake in metal roofing and safety glass maker Ajiya Bhd (KL:AJIYA) for RM54.2 million or RM1.45 per share.

Building and infrastructure construction services provider TCS Group Holdings Bhd (KL:TCS) saw the emergence of a new substantial shareholder.

AmanahRaya Real Estate Investment Trust (AmanahRaya REIT) has terminated its plan to sell the Contraves building in Cyberjaya due to a failed condition precedent, but is simultaneously pursuing the acquisition of a sustainable asset to boost its distribution per unit (DPU).