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Wentel Engineering proposes to buy RM29.6m Johor factories from founder

Wentel Engineering proposes to buy RM29.6m Johor factories from founder

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Updated:
  • Wentel Engineering Holdings Bhd plans to acquire two factory units in Johor for RM29.58 million.
  • The acquisition aims to enhance efficiency and meet customer needs for standalone finishing operations.
  • Wentel expects the deal to be finalised by 1Q2029, pending shareholder approval.
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REIT index hits three-month low after Malaysia ends decade-long withholding tax perk

REIT index hits three-month low after Malaysia ends decade-long withholding tax perk

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Updated:
  • REITs on Bursa Malaysia suffered significant losses after tax benefits were removed, dropping 3.45%.
  • The Bursa Malaysia REIT Index fell to its lowest since December 2025.
  • Analysts warn that the new tax framework may deter foreign investment.
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Berjaya Property appoints Johor princess Tunku Aminah as chairman after more than two years of vacancy

Berjaya Property appoints Johor princess Tunku Aminah as chairman after more than two years of vacancy

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Updated:
  • Berjaya Property Bhd has appointed Tunku Tun Aminah Sultan Ibrahim as its new chairman.
  • This role had been vacant for over two years, following Tun Richard Malanjum's retirement.
  • Tunku Aminah also chairs multiple companies and holds shares in Berjaya Rail.
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Rivertree plans diversification into management of centralised labour quarters to stabilise earnings

Rivertree plans diversification into management of centralised labour quarters to stabilise earnings

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Updated:
  • Rivertree STF Synergies Bhd plans to manage centralised labour quarters to stabilise earnings.
  • They signed an agreement to develop up to four quarters with a capacity of 28,800 beds in Klang Valley.
  • This asset-light model aims to reduce risks from property development and enhance financial sustainability.
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Maybulk, Leader Steel to pay special payouts after joint RM687.89 mil land sale in Klang with Eonmetall

Maybulk, Leader Steel to pay special payouts after joint RM687.89 mil land sale in Klang with Eonmetall

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Updated:
  • Maybulk, Eonmetall, and Leader Steel are selling industrial land in Klang for RM687.89 million.
  • The sales are linked to a common major shareholder and require non-interested shareholder approval.
  • Each company plans to use proceeds for dividends, debt repayment, and future investments.
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Mieco Chipboard sells land with factory in Semenyih to hamper specialist Jin Ye Ye for RM57m

Mieco Chipboard sells land with factory in Semenyih to hamper specialist Jin Ye Ye for RM57m

news

Updated:
  • Mieco Chipboard Bhd is selling 16.9 acres of land in Selangor for RM57 million to Jin Ye Ye Sdn Bhd.
  • The sale aims to improve Mieco's long-term viability and will yield a net gain of RM11.27 million.
  • The deal is expected to close in the second half of 2026, with Mieco's shares untraded recently.
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Property transactions hit RM241.9b in 2025, KPKT outlines reforms to strengthen sector

Property transactions hit RM241.9b in 2025, KPKT outlines reforms to strengthen sector

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Updated:
  • Malaysia's property sector reached RM241.87 billion in transactions in 2025, a decade high!
  • The residential segment grew by 5.9%, indicating strong housing demand and stability.
  • The government is implementing reforms to enhance oversight and ensure quality in the housing market.
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Living in Cheras: A complete property and lifestyle guide

Living in Cheras: A complete property and lifestyle guide

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Updated:
  • Cheras is a well-connected suburb in Kuala Lumpur, offering urban convenience and affordability.
  • It features diverse property types, from serviced apartments to landed homes, appealing to various buyers.
  • Cheras is ideal for families, students, and investors alike.
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Felda, Terengganu govt reach settlement over land dispute

Felda, Terengganu govt reach settlement over land dispute

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Updated:
  • Felda and the Terengganu state government signed a settlement to clarify land ownership in six districts.
  • This agreement aims to enhance economic benefits for the Felda community and strengthen development.
  • The Terengganu government will process Felda's land application to resolve outstanding issues.
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Malaysia stops giving preferential rate for REIT withholding tax

Malaysia stops giving preferential rate for REIT withholding tax

news

Updated:
  • Malaysia will end preferential withholding tax rates on REIT dividends starting in 2026.
  • Individual investors will face standard tax rates, while foreign entities will be taxed at 30%.
  • Despite potential sentiment impacts, Maybank IB notes the sector's yield profile remains attractive.
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