Impiana Hotel changes name to Magma Group
Impiana Hotel Bhd has changed its company name to Magma Group Bhd effective immediately, its Bursa Malaysia filing on Friday showed.
MBSB Bank seeks to sell Country Heights land via auction over default on financing payment
Country Heights Holdings Bhd said MBSB Bank Bhd is seeking to sell two pieces of land belonging to its subsidiaries through a public auction over the subsidiaries' default on the payment of Islamic term financing facilities.
High Court strikes out lawyer's KL-SG HSR suit as matter is non-justiciable, beyond court's purview
The High Court has struck out a civil suit by lawyer Mohd Hatta Sanuri against former prime ministers Tun Dr Mahathir Mohamad and Tan Sri Muhyiddin Yassin, the government of Malaysia and several others, over the cancellation of the Kuala Lumpur-Singapore high-speed rail (KL-SG HSR) project in 2021.
Analysts expect Scientex to benefit from robust property demand, but packaging segment remains soft in short term
Scientex Bhd’s results for the first quarter ended Oct 31, 2023 (1QFY2024) met the expectations of several research houses, prompting some analysts to adjust their target prices (TPs) for the stock.
MIDF Research upgrades EcoWorld to 'buy' on attractive share price upside
MIDF Research has upgraded Eco World Development Group Bhd (EcoWorld) to “buy” at RM1, with an unchanged target price of RM1.14, and said the developer’s core net income of RM272.9 million for the financial year ended Oct 31, 2023 (FY2023) came in above consensus full-year expectations at 107%, but within MIDF’s estimate at 102%.
Scientex begins new financial year on a positive note, with 1Q net profit up 29% driven by property unit
Packaging manufacturer and property developer Scientex Bhd kick-started its new financial year on a positive note, with its net profit for the first financial quarter ended Oct 31, 2023 (1QFY2024) climbing 28.6% to RM137.84 million, from RM107.18 million a year earlier, driven by its property division.
KPJ’s plan to sell Aged Care biz Down Under expected to cut operating costs, alleviate cash flow — analysts
KPJ Healthcare Bhd’s plan to divest its loss-making Aged Care Business in Australia for A$700 million (equivalent to RM2.2 million) is being viewed positively by investment analysts, as the move is expected to cut operating costs and alleviate cash flow requirements for the country’s largest healthcare provider.
Al-‘Aqar to dispose of Australia Jeta Gardens Aged Care Facility for A$24mil cash
Johor Corp-linked Al-‘Aqar Healthcare REIT is disposing of its land and buildings of Jeta Gardens Aged Care Facility in Australia for AU$24.2 million (RM74.9 million) cash to Principal Healthcare Finance Pty Ltd.
Tower REIT proposes rights issue to raise up to RM66 mil to repay borrowings, refurbish properties
Tower Real Estate Investment Trust (Tower REIT) has proposed a rights issue to raise gross proceeds of up to RM66 million to repay its bank borrowings and refurbish its existing properties.
Chin Hin's MGO for Ajiya turns unconditional as shareholding surpasses 50%
Chin Hin Group Bhd’s conditional mandatory general offer (MGO) to acquire the remaining shares it does not own in Ajiya Bhd has turned unconditional after its collective shareholding — together with persons acting in concert with it — climbed past 50%.
