Wawasan Dengkil bags RM24.8 mil road and landscape job from Gamuda unit
Wawasan Dengkil Holdings Bhd (KL:DENGKIL) announced that it secured a RM24.8 million subcontract for external works at a hyperscale data centre project in Puncak Alam, Selangor.
KIP REIT to fund RM160 mil Kinta City Mall expansion, securing 25-year lease with AEON
KIP Real Estate Investment Trust (KL:KIPREIT) will fund a RM160 million expansion of AEON Mall Kinta City in Perak to secure a 25-year lease from AEON Co (M) Bhd (KL:AEON). The project is expected to be completed by the fourth quarter of 2027.
High Court orders KSK Land to pay RM102m to GDB unit over 8 Conlay works
GDB Holdings Bhd (KL:GDB) said its wholly-owned subsidiary Grand Dynamic Builders Sdn Bhd has obtained a favourable High Court judgment against KSK Land Sdn Bhd, which is in liquidation, to recover amounts owed for works on the 8 Conlay project.
Oriental Kopi firms up deal to buy head office for RM23m
Oriental Kopi Holdings Bhd (KL:KOPI) has firmed up a deal to acquire the premises it currently rents as its head office and warehousing facility in Puchong for RM23 million in cash.
Melati Ehsan brings in hétam and Anytime Fitness to Khaya Residences
Melati Ehsan Group announced long-term lifestyle partnerships with integrated café hétam and Anytime Fitness for its Khaya Residences in Bangsar, Kuala Lumpur.
MRMA urges continuation of REIT tax framework to sustain sector growth
The Malaysian REIT Managers Association (MRMA) has appealed for the continuation of the withholding tax framework for real estate investment trusts (REITs), calling it a critical support mechanism as the sector enters a new growth phase.
Sunsuria 1Q profit slips amid lower progressive property recognition
Property developer Sunsuria Bhd (KL:SUNSURIA) reported sharp drops in its first quarter net profit and revenue, primarily due to lower progressive profit recognition from its completed property projects.
PN17 TXCD gets RM119.1 mil in construction subcontracts from Vestland
TXCD Bhd (KL:TXCD), a construction and property development player formerly known as Ageson Bhd and a Practice Note 17 (PN17) company, announced it has secured subcontracts valued at RM119.14 million for construction work in Kuala Lumpur from Vestland Bhd (KL:VLB).
Country Heights, eyeing action against liquidator, says EGM postponed to review circular, address regulatory clarification
Country Heights Holdings Bhd (KL:CHHB) said it has postponed its extraordinary general meeting (EGM), which sought shareholders’ approval to commence legal action against the liquidator of Mines Waterfront Business Park Sdn Bhd (MWBP), in order to allow further review of its circular by shareholders.
Appellate court rules single JMB should manage mixed developments, residential and commercial properties allowed to have different rates
In a landmark judgement last week involving a property development project in Penang, the Court of Appeal (COA) ruled that for mixed developments, a single joint management body (JMB) should operate, and there should not be different managements for commercial and residential properties in the running of maintenance and management of the development.
