News by theedgemalaysia.com

The Malaysian Anti-Corruption Commission (MACC) will oppose the legal bid by Ilham Tower and its operators—Ilham Tower Sdn Bhd and Ilham Baru Sdn Bhd—to prevent its company secretary from providing documents to the anti-graft agency, after the High Court allowed the MACC to intervene in the ongoing case.

Malayan United Industries Bhd (KL:MUIIND), or MUI, has secured a term loan facility of US$20 million (RM84.3 million) granted by Singapore-based direct lending fund Indies Special Opportunities LV Ltd.

EMKAY Group will soft launch The Ayu Residences this Sunday (Oct 12), introducing a low-density residential development within the freehold township of Bandar Seri Putra.

Practice Note 17 (PN17) company Ivory Properties Group Bhd (KL:IVORY) will be delisted from the Main Market of Bursa Malaysia next Tuesday (Oct 14), after the stock exchange rejected its appeal for more time to submit a regularisation plan.

Minister in the Prime Minister’s Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa told Parliament there was no official consent threshold in place when the Kampung Sungai Baru redevelopment project was approved in 2020.

The government on Thursday said it had no role in choosing the developer for the Kampung Sungai Baru redevelopment project—the decision was made entirely by the residents, Parliament was told.

A partnership with Japan’s Mitsui Fudosan will help reduce the balance sheet stress on S P Setia Bhd (KL:SPSETIA) in the RM1.3 billion development of a residential project in Semenyih, analysts said.

Hong Leong Investment Bank (HLIB) has downgraded Pavilion Real Estate Investment Trust (KL:PAVREIT) to ‘hold’ given the recent share price rally amid a lower yield outlook.

Tropicana Corp Bhd (KL:TROP) has redeemed another tranche of its sukuk wakalah worth RM139 million under its RM1.5 billion programme, which matured on Wednesday.

UOA Development Bhd (KL:UOADEV) has confirmed its first 11 retail partners for the 130,000 sq ft Retail Podium at Bamboo Hills Residences, scheduled to open in 2027.