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Penang to conduct legalisation for People's Housing Projects, State Rental Homes

Penang to conduct legalisation for People's Housing Projects, State Rental Homes

news

Updated:
  • The Penang government will legalise People’s Housing Projects with rental arrears over RM2 million.
  • Over 30% of tenants may need to vacate due to income limits of RM1,500 or less.
  • Initial notices have been issued to tenants at Taman Manggis PPR, with a three-month deadline to vacate.
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Vincent Tan raises direct stake in Berjaya Corp after buying shares from Berjaya Assets

Vincent Tan raises direct stake in Berjaya Corp after buying shares from Berjaya Assets

news

Updated:
  • Vincent Tan increased his direct shareholding in Berjaya Corp by acquiring 1.02% for RM14.05 mil.
  • This follows a previous 1.01% acquisition and recent disposals.
  • His direct interest is now 6.13%, indirect 10.96%.
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Mycron Steel to buy HQ property from shareholder Melewar for RM30 mil

Mycron Steel to buy HQ property from shareholder Melewar for RM30 mil

news

Updated:
  • Mycron Steel will acquire its Shah Alam factory for RM30 mil.
  • Mycron Steel said the acquisition would allow the group to save about RM2.1 mil a year in rental expenses.
  • The deal offers flexibility for future expansion and upgrades.
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Kerjaya Prospek bags RM529.3 mil Bukit Tunku villa contract from BRDB

Kerjaya Prospek bags RM529.3 mil Bukit Tunku villa contract from BRDB

news

Updated:
  • Kerjaya Prospek secured a RM529.32 mil residential development contract.
  • The project in Taman Duta includes 146 units and common facilities.
  • It will boost revenue and earnings from 2026 to 2029.
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Nestcon ventures into property development with RM95 mil Iskandar Puteri land buy

Nestcon ventures into property development with RM95 mil Iskandar Puteri land buy

news

Updated:
  • Nestcon Bhd will acquire three Johor land parcels for RM95 mil, entering property development.
  • The company plans a mixed commercial and residential project with an estimated GDV of RM1.371 bil.
  • Shareholders will vote on this acquisition and business diversification at an upcoming EGM.
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MRMA appoints Derek Teh as chairman for association

MRMA appoints Derek Teh as chairman for association

news

Updated:
  • Derek Teh Wan Wei is the new chairman of the Malaysian REIT Managers Association.
  • He aims to promote M-REITs as a recognised income asset class.
  • The MRMA represents 20 M-REITs listed alongside two additional unlisted REITs.
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Penang to conduct legalisation for People's Housing Projects, State Rental Homes