News by theedgemalaysia.com

IGB Bhd (KL:IGBB) has proposed a bonus issue of one new share for every two shares held in the property group.

Construction outfit Sarawak Consolidated Industries Bhd (KL:SCIB) is venturing into property development through a joint residential and commercial project in Bintulu, Sarawak.

Based on third-quarter sales in 2025, RHB Investment Bank expects property demand to stay solid moving forward supported by resilient demand, solid sales momentum and several high-visibility catalysts.

The firm is 80%-owned by Pagalavan C Rangasami and 20% by Rajasulochana Pagalavan, according to a bourse filing on Monday.

The transaction is expected to generate a gain on disposal of RM4.5 million excluding estimated incidental costs, which represents a 44.7% gain over the original cost of investment, the trust said in a statement.

RHB maintained an 'overweight' momentum on the construction sector, with Gamuda Bhd (target price: RM7), Kerjaya Prospek Group Bhd (target price: RM3.45), and Sunway Construction Group Bhd (target price: RM7.32) being its top picks to buy.

Daniel Ma has been appointed managing director of Nawawi Tie, effective Jan 1, 2026, succeeding Eddy Wong, who served in the role since 2012.

Lagenda Properties Bhd (KL:LAGENDA) is starting the year with a new chief executive with the promotion of 35-year-old Jasrinderjit Singh.

Berjaya Assets Bhd (KL:BJASSET) has appointed Tan Tee Ming, the son-in-law of controlling shareholder Tan Sri Vincent Tan Chee Yioun, as its new chief executive officer, effective Jan 1, 2026.

Axis Real Estate Investment Trust (KL:AXREIT) said on Wednesday (Dec 31) it is acquiring an industrial property in Senai, Johor, for RM34.6 million.