Johor Corp-linked Al-‘Aqar Healthcare REIT is disposing of its land and buildings of Jeta Gardens Aged Care Facility in Australia for AU$24.2 million (RM74.9 million) cash to Principal Healthcare Finance Pty Ltd.

Tower Real Estate Investment Trust (Tower REIT) has proposed a rights issue to raise gross proceeds of up to RM66 million to repay its bank borrowings and refurbish its existing properties.

Chin Hin Group Bhd’s conditional mandatory general offer (MGO) to acquire the remaining shares it does not own in Ajiya Bhd has turned unconditional after its collective shareholding — together with persons acting in concert with it — climbed past 50%.

Rakuten Trade has a “buy” rating on Kerjaya Prospek Group Bhd (KPG) at RM1.46, with a target price (TP) of RM1.79, and is positive on KPG’s outlook.

Noteworthy:

• Freehold
• Land size: 5,993 sq ft
• Nearby amenities: Convenience stores, schools, Damansara City Mall, Bangsar Shopping Centre, MRT Semantan, MRT Pusat Bandar Damansara
• Accessibility:  NPE highway, SPRINT highway

September 2023

Eco World International Bhd (EcoWorld International) announced its results for 4Q2023, where it saw a lower loss before tax (LBT) of RM36.93 million in 4Q2023 compared to LBT of RM94.64 million in 4Q2022.

S P Setia Partners will develop two parcels of prime commercial land measuring 2.67 acres in Setia Federal Hill, Bangsar, with Mitsui Fudosan (Asia) Malaysia Sdn Bhd (Mitsui Fudosan).

Embarking on a journey to buy your first home is an exciting adventure filled with hope of a future enveloped in comfort and security.

Sarawak Consolidated Industries Bhd (SCIB) has entered into a memorandum of understanding (MOU) for a potential joint venture residential development project in Bintulu, Sarawak, with a projected gross development value of RM250 million.

CapitaLand Malaysia Trust Bhd (CLMT) said it has converted its loan facility of RM693 million from CIMB Bank Bhd into a sustainability-linked loan facility for the funding of the acquisition of Queensbay Mall in Penang.