Fitch lowers Genting Malaysia’s 2023 and 2024 revenue estimates
... citing its slower-than-expected recovery through the first half of the year.
FM Global Logistics buys Singapore-based warehouse operator for RM18.9m to expand regionally
CAC is principally engaged in general warehousing, road transportation and other related services. It currently operates 236,496 sq ft of warehousing space in Singapore.
SPNB sues ex-CEO, contractors for alleged fraud, seeks over RM141m in damages
The 12 parties were alleged to have conducted a series of conspiracies to defraud SPNB Aspirasi in relation to affordable housing projects involving 469 terrace units in Kuantan, Pahang between 2014 and 2019.
Ho Hup proposes 10% private placement to raise RM12.4m to pay sub-contractors, repay borrowings
The construction outfit said the private placement exercise entails the issuance of up to 49.49 million shares.
AZRB plans 10% private placement to raise RM12.7m for working capital
Ahmad Zaki Resources Bhd (AZRB) plans to undertake a private placement of 10% of its share base to raise RM12.7 million to fund the engineering and construction group’s working capital requirements.
Bina Puri reports change in substantial shareholder
Maju Offshore Sdn Bhd has offloaded its entire 5.04% stake in loss-making Bina Puri Holdings Bhd to Maju Offshore Capital Sdn Bhd, according to a bourse filing on Thursday.
Tanco in JV for RM500 mil GDV residential project in Puchong Perdana
Tanco Holdings Bhd has entered into a joint venture (JV) agreement with Accession Development Sdn Bhd to develop a residential project in Pekan Puchong Perdana, Petaling, Selangor.
Associations laud move to require strata residence managers to be registered with BOVAEP
Three associations representing property managers and consultants, estate agents, and valuers have come out to support the government’s move to refine the Strata Management Act 2013 as part of its 12th Malaysia Plan Mid-Term Review revealed this month.
Sime Darby Property, TNB seal MOU on solar energy initiatives
Sime Darby Property Bhd has signed a memorandum of understanding (MOU) with Tenaga Nasional Bhd (TNB) to integrate rooftop solar solutions in the group’s townships and developments.
Kenanga stays ‘neutral’ on REIT sector as inflationary pressure, targeted fuel subsidies may drag prospects
Kenanga Research maintained its “neutral” call on the real estate investment trust (REIT) sector due to subdued consumer sentiment, dragged by inflation and the implementation of targeted fuel subsidies possibly undermining spending capacity.
