News by theedgemalaysia.com

Pavilion Real Estate Investment Trust (Pavilion REIT) has terminated two memoranda of understanding (MOUs) it inked for the purchase of renewable energy (RE) from a solar power plant in Pasir Mas, Kelantan, under the Corporate Green Power Programme (CGPP) to power its malls.

DutaLand Bhd has appointed the 13th chief justice of Malaysia, Tun Ariffin Zakaria as its new chairman, effective immediately.

Country Heights Holdings Bhd has appointed its deputy managing director Dr Ricky Yip Chun Mun as the new acting MD effective Friday (Dec 1).

Property developer Avaland Bhd (formerly known as MCT Bhd) has redesignated its non-independent non-executive director Apollo Bello Tanco as the group’s executive director (ED) and chief executive officer effective Jan 1, 2024.

Apex Healthcare Bhd has proposed to acquire industrial land in Melaka for RM66.5 million, its Bursa Malaysia filing showed on Friday.

RHB Investment Bank Research (RHB IB) has upgraded its rating on IJM Corp Bhd (IJM) to “buy” at RM1.18, with a higher target price of RM2.21 (previously RM1.99) based on sum-of-the-parts valuation, following the group’s better-than-expected financial performance in the first half of financial year ended Sept 30, 2023 (1HFY2024).

Ekovest Bhd’s net profit soared to RM3.08 million in its first financial quarter ended Sept 30, 2023 (1QFY2024) from RM182,000 a year ago, thanks to improved results from its construction operations.

IJM Corp Bhd’s net profit for the second quarter ended Sept 30, 2023 (2QFY2024) surged over threefold to RM93.69 million from RM27.03 million a year earlier, carried by strong showings from its property development and infrastructure segments.

Gamuda Land unveiled on Thursday, its first hotel project, ASAI Gamuda Cove. The hotel is part of the 1,530-acre Gamuda Cove township development in Selangor and will be managed by Dusit Hotels and Resorts, the hotel arm of Thailand-based hotel and property development company Dusit International.

Dissatisfaction over a government decision alone is not the basis to take the government to court, the High Court here remarked on Thursday.