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Semantan files further discovery application for pre-Merdeka land records, ahead of assessment proceedings

Semantan files further discovery application for pre-Merdeka land records, ahead of assessment proceedings

news

Updated:
  • Semantan Estate has filed for pre-Merdeka land records to aid in compensation assessment proceedings.
  • They seek documents to establish land value and zoning from 1956 for a proper market valuation report.
  • Compensation hearing is set for April 3-10, following a court ruling on land valuation based on 1956 prices.
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Desmond Lim and wife transfer all their units in Pavilion REIT to vehicle

Desmond Lim and wife transfer all their units in Pavilion REIT to vehicle

news

Updated:
  • Tycoon Desmond Lim and wife transferred all Pavilion REIT units to Khuan Choo Assets.
  • Their combined 28.699% stake makes Khuan Choo Assets the largest unitholder.
  • This move consolidates their holdings in the property trust.
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Desmond Lim and wife transfer all their units in Pavilion REIT to vehicle

Desmond Lim and wife transfer all their units in Pavilion REIT to vehicle

news

Updated:
  • Tycoon Desmond Lim and wife transferred all Pavilion REIT units to Khuan Choo Assets.
  • Their combined 28.699% stake makes Khuan Choo Assets the largest unitholder.
  • This move consolidates their holdings in the property trust.
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Sentral REIT's property income slips in 2Q amid rising costs, to pay out 3.17 sen per unit

Sentral REIT's property income slips in 2Q amid rising costs, to pay out 3.17 sen per unit

news

Updated:
  • Sentral REIT's net property income fell 3.2% due to higher operating expenses.
  • Despite this, the REIT increased its income distribution to RM37.9 mil.
  • They plan to grow and reposition their portfolio amidst market changes.
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Batu Kawan unit’s takeover bid for MKH turns unconditional

Batu Kawan unit’s takeover bid for MKH turns unconditional

news

Updated:
  • Batu Kawan Bhd's subsidiary, Whitmore Holdings, received shareholder approval for its MKH Bhd takeover.
  • Whitmore's stake in MKH increased to 32.8% through acquisitions.
  • A mandatory takeover offer for remaining MKH shares at RM2.00 each is now required.
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MRCB-Theta Edge JV secures RM3.03 bil Penang Mutiara Line railway systems contract

MRCB-Theta Edge JV secures RM3.03 bil Penang Mutiara Line railway systems contract

news

Updated:
  • MRCB's joint venture secured a RM3.028 bil contract for the Penang Mutiara Line LRT.
  • They will deliver railway systems, including trains and signaling.
  • This project should boost MRCB's future earnings.
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Penang Mutiara Line enters next phase with RM3.03 bil systems contract

Penang Mutiara Line enters next phase with RM3.03 bil systems contract

news

Updated:
  • Penang's Mutiara Line metro project advances with a RM3.028 bil railway systems contract.
  • This award to MRCB-Theta Edge JV allows parallel design and construction.
  • MRT Corp said 93% of the land required for the CMC1 package has also been made available.
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Nestcon wins RM243 mil contract from Exsim for Penang serviced apartment project

Nestcon wins RM243 mil contract from Exsim for Penang serviced apartment project

news

Updated:
  • Nestcon Bhd secured a RM243 mil contract for a Penang serviced apartment project.
  • Construction for the 57-story building starts in January 2027.
  • This project will positively impact Nestcon's earnings and assets.
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E&O eyes KLCC condo redevelopment after Jalan Kia Peng site acquisition

E&O eyes KLCC condo redevelopment after Jalan Kia Peng site acquisition

news

Updated:
  • E&O plans to redevelop a 5,682 sq m freehold site near KLCC into a residential project.
  • The existing condo may be demolished, pending approvals.
  • The project is in early stages; details like cost and timeline are not final.
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Hektar REIT secures Bursa approval to issue up to 42.08 million units for proposed school acquisition

Hektar REIT secures Bursa approval to issue up to 42.08 million units for proposed school acquisition

news

Updated:
  • Hektar REIT secured approval to list units to partly fund its proposed RM125 mil school acquisition.
  • The deal involves cash and new units for the KYS KL East International School.
  • Hektar REIT will lease the property back to the vendor after acquisition.
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