News by theedgemalaysia.com

Tropicana Corp Bhd is seeking to strike out the claim filed by RHB Trustees Bhd, Sunway REIT Management Sdn Bhd and Sunway Education Group Sdn Bhd over its alleged breach of agreement and double-dealing over the sale of shares and a stake in St Joseph International School.

Malaysian coworking and flexible space provider WORQ is targeting to achieve a total RM40 million in its fourth fundraising round and announced that it has completed its latest round pre-Series B fundraising backed by 14 follow-on investors including global asset management firm PhillipCapital — its third consecutive investment into WORQ and its largest placement to date — and the Leong family of Mah Sing Group Bhd.

APB Resources Bhd has proposed to acquire a 16-storey Serba Dinamik building in Shah Alam, Selangor for RM38 million, subject to the approval from the High Court. 

Bina Puri Holdings Bhd announced that its wholly owned subsidiary Bina Puri Sdn Bhd (BPSB) has been served with a winding-up petition from the lawyers of Thai Soon Hang (Sabah) Sdn Bhd at the High Court of Sabah and Sarawak, due to a default payment amounting to RM198,116.60.

LKL International Bhd, whose share price has halved since the start of the year, is selling a parcel of land in Serdang, Selangor for RM6.65 million, its Bursa Malaysia filing showed.

Kerjaya Prospek Group Bhd has bagged a RM226 million contract from Aspen Vision City Sdn Bhd for the development of a 37-storey residential building in Batu Kawan, Penang.

Ramasamy said exposure of the controversial land sale is akin to opening “Pandora's box”, and that the more Chow attempts to defend the sale, the more it becomes “indefensible”.

Audit checks revealed that as of Dec 31, 2022, RAC had not collected property rental income from 12 tenants, amounting to RM170,474, as stipulated in their agreements.

Chong said that this partnership complements Maybank's current holistic home ownership financing solutions, making home ownership easier.

The association noted that with the stagnant economy and the increase of OPR rates resulting in the increase in housing loan interest, many Malaysians will still be unable to afford to buy a house.