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MUI secures RM912 mil loan to refinance debt, renovate London hotel

19 June, 2024

Malayan United Industries Bhd (MUI) (KL:MUIIND) has secured a term loan facility of up to £152.5 million (RM912.16 million) from CF Hyde Park LP to refinance its existing term loan facility of its Corus Hyde Park Hotel in London, UK. 

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Malaysia ranks third in Asia for outbound cross-border property investment — Juwai IQI

19 June, 2024

Malaysia has emerged as the top three country in Asia for outbound cross-border property investment after Mainland China and Hong Kong, according to Juwai IQI Holdings’ Asia-Pacific Cross-Border Residential Property Buying Trends Report 1Q2024 that was issued on Tuesday.

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UEM Sunrise sells remaining 40% stake in Johor unit to KLK for RM386.2 mil cash

19 June, 2024

UEM Sunrise Bhd (KL:UEMS) has disposed of its remaining 40% stake in a joint venture, Aura Muhibah Sdn Bhd (AMSB), to Kuala Lumpur Kepong Bhd (KL:KLK) as the latter exercised its call option.

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Hon Choon Kim steps down as Matrix Concepts independent director after nine years

19 June, 2024

Matrix Concepts Holdings Bhd (KL:MATRIX) announced that Datuk Hon Choon Kim has resigned as its independent and non-executive director, effective immediately.

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Bursa Malaysia confirms in final talks to move its HQ to TRX

19 June, 2024

Bursa Malaysia Bhd (KL:BURSA) said it is in final negotiations with the developer of The Exchange 106 at Tun Razak Exchange (TRX) to move its headquarters to TRX.

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Nestcon bags two construction projects in Klang Valley worth RM166 mil

19 June, 2024

Construction engineering company Nestcon Bhd (KL:NESTCON) has bagged two high-rise building projects in the Klang Valley worth a total of RM165.56 million.

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Telekom Malaysia teams up with Singtel to develop data centre in Johor

19 June, 2024

Telekom Malaysia Bhd (KL:TM) announced on Tuesday that it is partnering Singapore Telecommunications Ltd (Singtel) to establish greenfield data centre facilities in Iskandar Puteri, Johor.

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KTI Landmark opens flat at 30 sen on ACE Market debut

19 June, 2024

Shares of KTI Landmark Bhd (KL:KTI) opened flat in its trading debut on Wednesday after the Sabah-based integrated property developer's initial public offering (IPO) on the ACE Market raised RM48 million.

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Berjaya Corp partners China's Skyworth, Skywell to collaborate on home appliances, electric vehicles

18 June, 2024

Under the memorandum of cooperations, the company will explore using its distribution network in Malaysia to boost the reach of home appliance maker Skyworth Group Co Ltd. 

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HLIB upgrades property sector, sees benefits from revamped MM2H policy

18 June, 2024

This follows an announcement last week by the Ministry of Tourism, Arts and Culture (Motac) of an updated MM2H guideline.

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