News by theedgemalaysia.com

Paramount Corp Bhd (KL:PARAMON) is acquiring a piece of freehold land in Penang from Penang Development Corp for RM57.84 million and planning a new mixed development with an estimated gross development value (GDV) of RM744 million on the plot.

Ireka Corp Bhd (KL:IREKA) is in early talks with a party about a possible corporate plan to fix its Practice Note 17 (PN17) status.

A new rent-to-own (RTO) scheme model will be introduced to offer a more flexible and affordable rental system, aimed at enhancing homeownership opportunities for the rakyat.

CIMB Securities has raised Gamuda Bhd’s (KL:GAMUDA) forecasted job wins for the financial year ending July 31, 2026 (FY2026) to RM22 billion and to RM25 billion for FY2027, after the group was shortlisted for two developments in Sydney, Australia.

Axis Real Estate Investment Trust (KL:AXREIT) said it plans to distribute the net gain on disposal of The Annex of RM8.8 million to unitholders over three quarters.

EcoFirst Consolidated Bhd (KL:ECOFIRS) has reported a 66.5% drop in fourth-quarter net profit to RM13.95 million, from RM41.70 million a year earlier, weighed down by reduced fair value gains on investment properties and higher costs.

UEM Sunrise Bhd (KL:UEMS) unveiled the sales gallery of its One Oval mixed-use development in Perth, Australia on Wednesday.

Paramount Corp Bhd (KL:PARAMON) has no plan to acquire additional F&B businesses after the acquisition of a 28% stake in Singapore-listed Envictus International Holdings Ltd, said group chief executive officer Jeffrey Chew Sun Teong.

Kwasa Land Sdn Bhd, a wholly owned subsidiary of the Employees Provident Fund (EPF), has awarded LBS Bina Group Bhd (KL:LBS) development rights for an RM8.3 billion residential project in the Kwasa Damansara township.

KLK Land Sdn Bhd, the property arm of Kuala Lumpur Kepong Bhd (KL:KLK), is partnering with Kuen Cheng Holistic Education Bhd to build the second Kuen Cheng high school, named Kuen Cheng High School 2, at KLK Land's Bandar Seri Coalfields development in Sg Buloh, Selangor.