Ho Hup’s Low family ceases to be substantial shareholder
Ho Hup Construction Co Bhd’s (KL:HOHUP) founding Low family has ceased to be a substantial shareholder in the company amid a boardroom tussle.
Mudajaya secures promised properties as payment from disputed KL project
Mudajaya said that it had secured an order of specific performance for developer Crest Worldwide Resources Sdn Bhd to deliver vacant possession of the properties from the High Court under the civil suit on Oct 22.
Sunway taps S$600m term loan for MCL Land purchase
Sunway said the term loan facility will raise its gross borrowings to RM12.78 billion from RM10.91 billion as of end-December 2024, while net borrowings are expected to rise to RM8.45 billion from RM6.57 billion.
Aman Setia secures Giant as anchor tenant for Aman Parc township in Kedah
Kedah-based developer Aman Setia Group has secured GCH Retail (Malaysia) Sdn Bhd as the anchor tenant of its Aman Parc township, with plans to build and lease a Giant supermarket under a 15-year agreement involving a total investment of RM10 million.
I-Bhd's 3Q net profit jumps 81% on strong property and investment contributions
Property developer I-Bhd (KL:IBHD) posted an over 81% jump in net profit for the third quarter ended Sept 30, 2025 (3QFY2025), driven by stronger contributions from its property development and investment segments, efficient cost management, and a one-off fund recovery following project completions.
Magna Prima takeover offer by largest shareholders turns unconditional
The takeover offer by Magna Prima Bhd’s (KL:MAGNA) largest shareholders—Datuk Seri Wong Sze Chien and managing director Seah Ley Hong—for the remaining shares in the company has turned unconditional, after their collective stake climbed above 50%.
Axis REIT declares 2.65 sen DPU as net property income jumps nearly 16%
Axis Real Estate Investment Trust (KL:AXREIT) declared a third interim distribution per unit (DPU) of 2.65 sen on Thursday, as it saw a 15.7% year-on-year jump in its third-quarter net property income (NPI), thanks to newly acquired assets and rental growth.
Gamuda acquires London land for student dorm worth RM600m in development value
Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), has acquired a site at 14 Marshgate Lane in Stratford, London, for a purpose-built student accommodation (PBSA) project with an estimated gross development value of RM600 million.
Glomac CEO: Data centre venture still on the cards, eyes earnings recovery
Glomac Bhd (KL:GLOMAC) has deferred its plan to venture into the data centre segment as the group has yet to secure a confirmed tenant to lease its land, said group managing director and CEO Datuk Seri FD Iskandar Mohamed Mansor.
IOI Properties records RM437m sales in three months from southern region
IOI Properties Group Bhd (KL:IOIPG) achieved RM437 million in sales from its southern region projects over a three-month period during its “30 Years Together” anniversary campaign, which ran from April 1 to June 30.
