News by theedgemalaysia.com

The Sessions Court on Friday ruled that the lawsuit filed by the neighbours of astronaut Datuk Dr Sheikh Muszaphar Shukor Al Masrie and his wife over alleged water seepage affecting their four-storey villa must go to a full trial.

Bursa Malaysia Securities has publicly reprimanded Meridian Bhd (KL:MERIDIAN) and its executive director Tang Boon Koon over the Practice Note 17 (PN17) company's failure to issue its annual reports on time.

PRG Holdings Bhd’s (KL:PRG) largest shareholder, Datuk Ng Yan Cheng, has petitioned the court to wind up the company after the two parties failed to reach an agreement to restructure a RM21.22 million shareholder advance provided by Ng.

Property developer YNH Property Bhd’s (KL:YNHPROP) wholly-owned subsidiary, YNH Construction Sdn Bhd, has received approval from the Inland Revenue Board (IRB) for a settlement plan to resolve its outstanding tax arrears, which had resulted in a winding-up petition by the tax authority.

Pavilion REIT's (KL:PAVREIT) earnings in the second half ending Dec 31, 2026 (2HFY2026) are expected to improve as the redeveloped Parkson space reopens in early November, supported by a higher-yielding tenant mix, occupancy recovery and lower electricity costs, said CIMB Securities.

The Court of Appeal has ruled that state governments have the authority to determine quit rent rates without obtaining approval from the National Land Council (NLC).

Malaysia is rethinking how it attracts foreign investments after an influx of data centre projects exposed the limitations of rewarding companies based primarily on the size of their capital commitments.

YNH Property Bhd (KL:YNHPROP) is deferring RM34.41 million in coupon payments across two tranches under its perpetual securities programme to preserve cash for its ongoing developments, including Solasta Dutamas and its township projects in Seri Manjung.

Pavilion Real Estate Investment Trust (KL:PAVREIT) saw its net property income (NPI) in the second quarter rise 11.1% from a year earlier, driven by higher rental income from its hotel assets and lower electricity expenses.

AME Real Estate Investment Trust (KL:AMEREIT) is purchasing three pieces of vacant freehold industrial land in i-Park @ Senai Airport City, Johor for RM50.2 million.