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News by theedgemalaysia.com

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Nga: Govt mulling Real Property Development Act to streamline real estate market in Peninsular Malaysia

14 May, 2024

“[We are considering this Act] to govern the protection of the interest of purchasers, developers and landowners. [This] not only will apply to residential properties, [but also] to commercial properties."

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AME Elite shares rise to new record high on Pulai land sale

14 May, 2024

AME Elite climbed as much as 10% or 18 sen to RM1.96 during the morning session. The counter settled at RM1.78 at Tuesday’s noon break, valuing the construction company at RM1.14 billion.

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YNH extends deadline for RM170 mil land sale to Sunway by a year after caveat found

14 May, 2024

YNH said a land search conducted on Feb 26, 2024 revealed the caveat lodged over the property on Sept 25, 2023 and an endorsement dated Sept 29, 2023, pending registration, accompanied by remarks indicating “Hakmilik Kekal Ambil Balik Sebahagian Tanah” for an acquisition.

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GuocoLand’s 3Q net profit falls 66%, warns about property oversupply

14 May, 2024

Nonetheless, this was partially offset by a better performance of the hospitality division, thanks to higher occupancy and better average room rates.

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Gagasan Nadi Cergas launches Idaman Amani affordable homes at City of Elmina

13 May, 2024

Gagasan Nadi Cergas Bhd (KL:NADIBHD) launched its latest affordable housing project named Idaman Amani in the City of Elmina, Selangor on May 11 (Saturday) in conjunction with the opening of the Gagasan Nadi Cergas’ Galeri Idaman sales gallery at Kwasa Damansara, according to a press statement on Monday.

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IOI Properties' finance chief resigns to pursue other interests

13 May, 2024

IOI Properties Group Bhd (KL:IOIPG) has announced the resignation of its chief financial officer Melissa Tan Swee Peng effective from June 3, after having served the company for about two years.

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AME Elite sells land in Pulai to data centre operator for RM209.84 mil cash

13 May, 2024

AME Elite Consortium Bhd (KL:AME) is selling 11 plots of freehold land measuring over 34.91 acres in Pulai, Johor Bahru, for RM209.84 million cash to Hong Kong-based data centre operator Digital Hyperspace Malaysia Sdn Bhd (DHM).

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Eversendai gets UMA query as share price jumps to five-year high

13 May, 2024

Eversendai Corp Bhd’s recent sharp rise in its share price has attracted scrutiny from Bursa Malaysia, which issued an unusual market activity (UMA) query to the steel structure and fabrication company on Monday.

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Aurelius breaks ground for new manufacturing plant in Kulim

13 May, 2024

Aurelius Technologies Bhd’s (KL:ATECH) wholly owned subsidiary BCM Electronics Corp Sdn Bhd on Monday announced the commencement of construction for a new integrated manufacturing plant, known as P5, in Kulim Hi-Tech Park, Kedah.

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Trading of securities in AME Elite suspended ahead of material announcement

13 May, 2024

Trading of securities in AME Elite Consortium Bhd (KL:AME) has been suspended on Monday, ahead of a material announcement.

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