News by theedgemalaysia.com

Pipes and fittings maker Resintech Bhd (KL:RESINTC) has proposed the acquisition of a 4,280-sq-metre piece of leasehold industrial land in Telok Panglima Garang, Selangor to support future expansion.

Perak Transit Bhd (KL:PTRANS), a developer and operator of integrated public transportation terminals (IPTT), said on Thursday that it has received a letter of award and approval from the Kelantan state secretary's office to develop the Kota Bharu Sentral (KB Sentral) terminal.

Construction outfit SC Estate Builder Bhd (KL:SCBUILD) said the termination of a contract worth RM4.3 million to build affordable houses with solar power on the roofs by Merchant Esteem Sdn Bhd (MESB) was due to a decision by MESB's new management, which has acknowledged that ongoing uncertainties in the commercial property market and low demand would impact the construction and sales of shophouses.

Negotiations over the redevelopment of major transport hub Kuala Lumpur Sentral are expected to be completed this year, paving the way for the project's launch in 2025, said Transport Minister Anthony Loke Siew Fook.

Engineering services provider AWC Bhd (KL:AWC) has bagged a RM9.4 million contract from the Melaka Public Works Department (JKRM) to provide facilities management and maintenance service for the immigration, custom, quarantine and security complex in Sungai Melaka.

CapitaLand Malaysia Trust (KL:CLMT) posted a 6.3% increase in its third quarter net property income (NPI) from last year’s corresponding period, underpinned by better NPI from Gurney Plaza, Queensbay Mall, East Coast Mall and Valdor Logistics Hub.

Pavilion Real Estate Investment Trust (KL:PAVREIT) saw its net property income (NPI) rise 8.65% to RM131.86 million for the third quarter ended Sept 30, 2024 (3QFY2024), from RM121.35 million a year ago, due to lower property operating expenses, primarily driven by the reversal of doubtful debts provision.

The government will not impose restrictions on property investments or limit the number of homes one can purchase, said Housing and Local Government minister Nga Kor Ming.

Construction and engineering company LFE Corp Bhd (KL:LFECORP) said on Wednesday that it has secured a related-party construction contract worth RM81.71 million.

Protasco Bhd (KL:PRTASCO) said on Wednesday that an affordable housing project awarded by Perbadanan Putrajaya in 2022 has been revised with a new name and with a lower number of units.