Hong Leong Investment Bank (HLIB) has downgraded Pavilion Real Estate Investment Trust (KL:PAVREIT) to ‘hold’ given the recent share price rally amid a lower yield outlook.
Tropicana Corp Bhd (KL:TROP) has redeemed another tranche of its sukuk wakalah worth RM139 million under its RM1.5 billion programme, which matured on Wednesday.
UOA Development Bhd (KL:UOADEV) has confirmed its first 11 retail partners for the 130,000 sq ft Retail Podium at Bamboo Hills Residences, scheduled to open in 2027.
The Employees Provident Fund (EPF) has ceased to be a substantial shareholder of IOI Properties Group Bhd (KL:IOIPG) after almost nine years, as it trimmed its stake in the counter which had risen to a one-month high in a rally.
To prepare Selangor for the next step in Industry 4.0, the state government officially launched the IoT Enabled Industrial Park (IEIP), an initiative that promotes the implementation of smart technologies across selected industrial parks in the state.
Property developer Meridian Bhd’s (KL:MERIDIAN) external auditor Morison LC PLT said they issued a disclaimer of opinion for the company’s financial year ended May 31, 2025 (FY2025) accounts due to serious financial issues, including missing records that prevented verification of opening balances.
Mah Sing Group Bhd’s (KL:MAHSING) newly launched M Zenni development in Batu Maung, Penang, has achieved a 70% take-up rate.
Electronic circuit board maker GUH Holdings Bhd (KL:GUH) plans to expand into advanced printed circuit boards (PCBs) and launch a RM1.2 billion property project in Simpang Ampat, Penang, as part of plans to grow the company.
Varia Bhd (KL:VARIA) has lodged a sukuk murabahah programme of up to RM3 billion with the Securities Commission Malaysia.
Noteworthy:
When: June 2025
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