News by theedgemalaysia.com

Hektar REIT's (KL:HEKTAR) proposed acquisition of Melaka land is being done at an attractive price and if concluded will boost the real estate investment trust’s income, a research house said on Monday.

Econpile Holdings Bhd (KL:ECONBHD) has secured a RM98.2 million contract to undertake bored piling works for a proposed industrial development in Kapar, Klang.

The Malaysian Anti-Corruption Commission (MACC) has sent asset declaration notices to 22 people identified as close relatives and associates of the late Tun Daim Zainuddin and his widow, Toh Puan Na’imah Khalid, as part of the ongoing Ilham Tower investigation.

Hektar Real Estate Investment Trust (KL:HEKTAR) said it has entered into a deal to buy two parcels of leasehold land in Melaka, totalling 41.8 acres, for RM40 million.

Malaysian Resources Corp Bhd (KL:MRCB) has firmed up the partnership to jointly develop Ipoh Sentral, a transit-oriented development project in the Perak capital with a gross development value of RM6.25 billion. 

Ho Hup Construction Company Bhd (KL:HOHUP) has been served with a winding-up petition by the Inland Revenue Board (IRB) over tax arrears amounting to RM23.72 million.

NexG Bhd (KL:NEXG), formerly known as Datasonic Group Bhd, is buying an industrial property in Petaling Jaya for RM28.5 million to boost production and efficiency for current and future projects. The move aims to bring research, design, and production under one roof, improving cost efficiency, quality control, and output.

Avaland Bhd (KL:AVALAND) has signed a deal to acquire a 3.194-acre parcel of land on Jalan Putra here from a unit of Tan Chong Motor Holdings Bhd (KL:TCHONG) for RM148.8 million, which it plans to develop into a mixed-use commercial project.

A government valuation property expert said that she relied on planning or zoning information gazetted by the Kuala Lumpur City Hall (DBKL), while the private valuer for the plaintiff of the "Duta enclave" land had made conjunctures on possible future development.

Suntrack Development Sdn Bhd’s ERAT Residence, a condominium in Shah Alam, has achieved a 20% take-up rate since its soft launch in March.