News by theedgemalaysia.com

OSK Property, the property arm of the OSK Holdings Bhd (KL:OSK), has unveiled Bayu68, the first commercial development within its 1,717-acre township OSK Iringan Bayu in Seremban.

Ahmad Zaki Sdn Bhd (AZSB), a wholly-owned subsidiary of AZRB Bhd (KL:AZRB), has received two winding-up petitions over alleged unpaid monies.

Johor-based property developer Crescendo Corp Bhd (KL:CRESNDO) is divesting another parcel of land in the state for RM200.88 million and has granted the purchaser the right to buy an adjoining parcel worth RM249.07 million.

Perak-based WEIL Hotel has been recognised as Malaysia’s first environment, social and governance-certified (ESG) hotel under the ESG Certification for Hotels & Resorts Programme by the Malaysian Association of Hotels (MAH).

Malaysia Airports Holdings Bhd (MAHB) is willing to cooperate with the Malaysian Anti-Corruption Commission (MACC) if it investigates the RM456 million aerotrain upgrade, but the airport operator has not received any request yet, said managing director Datuk Mohd Izani Ghani.

Malaysia Airports Holdings Bhd (MAHB) on Friday said ‘standard failures’ which caused the Kuala Lumpur International Airport (KLIA) aerotrain service disruptions have been resolved.

Three agreements that together form the Klang Valley’s first integrated reclaimed-water supply chain for data centre operations were formalised on Thursday, in a ceremony witnessed by the Ministry of Energy Transition and Water Transformation (Petra).

PNB Merdeka Ventures Sdn Bhd (PNBMV), a unit of Permodalan Nasional Bhd (PNB), has completed its first RM6 billion Sustainability Merdeka Sukuk Wakalah to partly fund the mixed-use development Merdeka 118 project.

GuocoLand (Malaysia) Bhd (KL:GUOCO), the property arm of Hong Leong Group, said its first quarter net profit more than doubled to RM6.1 million from RM2.91 million a year earlier on stronger contributions from its property and hotel divisions.

Radium Development Bhd (KL:RADIUM) has reported a net profit of RM94.24 million for the third quarter, a sharp increase from RM4.81 million a year earlier, mainly due to a one-off gain of RM123.7 million from a land settlement deal with the Kuala Lumpur City Hall (DBKL).