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S P Setia launches Raya campaign with incentives of up to RM370,000

S P Setia launches Raya campaign with incentives of up to RM370,000

news

Updated:
  • S P Setia Bhd has launched a Hari Raya Aidilfitri sales campaign with incentives for home buyers.
  • The "Rezeki Bonanza" campaign offers up to RM370,000 in rewards and a RM4,000 bonus for timely bookings.
  • Festive events and a Raya-themed game will enhance engagement at sales galleries across Malaysia.
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GuocoLand to table privatisation proposal at EGM

GuocoLand to table privatisation proposal at EGM

news

Updated:
  • GuocoLand (Malaysia) Bhd will hold an extraordinary general meeting to discuss privatisation.
  • The proposal involves a capital reduction at RM1.10 per share, affecting 34.97% of shareholders.
  • GLLM plans to delist GuocoLand Malaysia after the privatisation, currently holding 65.03% of shares.
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Axis REIT and Ann Joo mutually terminate Penang industrial property acquisition on unsatisfactory due diligence findings

Axis REIT and Ann Joo mutually terminate Penang industrial property acquisition on unsatisfactory due diligence findings

news

Updated:
  • Axis REIT has terminated the RM800 million acquisition of a property from Ann Joo Steel.
  • Both parties agreed to end the deal without any claims against each other.
  • The acquisition was initially announced in November 2025, involving a lease-back arrangement.
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Malaysia not immune to housing affordability pressures, shifting to targeted reforms — minister

Malaysia not immune to housing affordability pressures, shifting to targeted reforms — minister

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Updated:
  • Malaysia faces rising housing affordability issues despite a high homeownership rate of 76.5%.
  • Shifting to targeted housing reforms, focusing on long-term liveability and local income benchmarks.
  • Collaboration with global institutions aims to attract talent and address affordability challenges.
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Binastra Corp's 4Q net profit jumps 70% to RM42m amid higher number of projects

Binastra Corp's 4Q net profit jumps 70% to RM42m amid higher number of projects

news

Updated:
  • Binastra Corp Bhd's 4Q net profit climbed nearly 70% to RM42.4 million.
  • Revenue for the quarter rose 77% to RM477.2 million from RM270.2 million.
  • The group plans to sustain growth by efficiently executing its order book and exploring new opportunities.
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Sunway stands firm on IJM bid, citing independent valuations and its own track record

Sunway stands firm on IJM bid, citing independent valuations and its own track record

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Updated:
  • Sunway Bhd is firm on its RM3.15 per share takeover offer for IJM Corp, citing fair valuations.
  • Founder Tan Sri Dr Jeffrey Cheah stated they won't revise the bid unless they secure 50% plus one share.
  • Sunway aims to create a "national champion" by merging strengths in various sectors.
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Beyond the brewery: Heineken’s production shift highlights rising strategic value of PJ industrial land

Beyond the brewery: Heineken’s production shift highlights rising strategic value of PJ industrial land

news

Updated:
  • Heineken NV is shifting its Singapore operations to focus on logistics and innovation, impacting PJ.
  • The Sungei Way facility will supply to Singapore and Asia-Pacific, with production split across regional hubs.
  • This change is driving a revaluation of industrial land in PJ.
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MBAM calls for urgent support as construction cost pressures escalate

MBAM calls for urgent support as construction cost pressures escalate

news

Updated:
  • MBAM urges immediate action from the government and private sector due to rising costs affecting contractors.
  • They seek tax relief, subsidies, and measures to stabilise supply chains and project continuity.
  • The association calls for collaboration with private clients to ensure project viability amid challenges.
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Tropicana redeems RM89.43m Tranche 1 perpetual sukuk, advances deleveraging plan

Tropicana redeems RM89.43m Tranche 1 perpetual sukuk, advances deleveraging plan

news

Updated:
  • Tropicana Corp Bhd has fully redeemed its RM89.43 million Tranche 1 Perpetual Sukuk Musharakah.
  • The group reported unbilled sales of RM2.0 billion, ensuring earnings visibility amid ongoing developments.
  • MARC Ratings upgraded Tropicana's outlook to positive.
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OCR to acquire 49% stake in property consultancy firm via share issuance

OCR to acquire 49% stake in property consultancy firm via share issuance

news

Updated:
  • OCR Group Bhd plans to acquire a 49% stake in Chester Properties via new shares priced at 4.1 sen each.
  • The acquisition aims to enhance OCR's market capabilities and support future developments.
  • Both companies expect the partnership to innovate property marketing and deliver greater value.
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