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Crescendo sells 49.72-acre Kota Tinggi land to Digital Edge for RM346.53 mil

Crescendo sells 49.72-acre Kota Tinggi land to Digital Edge for RM346.53 mil

news

Updated:
  • Crescendo Corp's subsidiary has signed an SPA to sell 49.72 acres of land in Johor for RM346.53 million.
  • The land, approximately 2,165,805 sq ft, is sold to Digital Edge Data Centers, a non-related party.
  • This transaction was announced to Bursa Malaysia on April 9.
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Train derails near Chan Sow Lin station; Rapid KL activates alternative plan

Train derails near Chan Sow Lin station; Rapid KL activates alternative plan

news

Updated:
  • An LRT train derailed on the Ampang/Sri Petaling Line near Chan Sow Lin station due to a faulty track switch.
  • Rapid KL has implemented free shuttle services and alternative train routes to assist affected commuters.
  • All 25 passengers were safely evacuated, and no injuries were reported during the incident.
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US seizes luxury apartment bought with 1MDB funds for Jho Low’s aide

US seizes luxury apartment bought with 1MDB funds for Jho Low’s aide

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Updated:
  • US authorities have secured a court order to seize a luxury NYC apartment linked to 1MDB funds.
  • The case aimed to recover over US$6 mil in assets misappropriated from the Malaysian fund.
  • Former PM Najib Razak was sentenced to 12 years for his role in the scandal, now reduced to six years.
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KHK Land inks MoU with AFFIN Bank for flexi-financing at Anyara Hills in Semenyih

KHK Land inks MoU with AFFIN Bank for flexi-financing at Anyara Hills in Semenyih

news

Updated:
  • KHK Land and AFFIN Bank signed an MoU for flexi financing at Anyara Hills in Semenyih.
  • This 584-acre development features extensive greenery and advanced security systems.
  • Future phases and infrastructure improvements are planned, enhancing access to Kuala Lumpur.
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JAKS’ Vietnam JV lifts 1Q profit as construction, property investment showed mixed operational trends

JAKS’ Vietnam JV lifts 1Q profit as construction, property investment showed mixed operational trends

news

Updated:
  • JAKS Resources reported higher contributions from its Vietnam power JV, offsetting weaker property results.
  • The construction division showed a smaller loss, while the power-energy segment turned profitable.
  • JAKS aims to grow through its power division and renewable energy projects, while enhancing property yields.
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LBS Bina posts RM37.7 mil 1Q PBT, rides on Klang Valley projects and stronger construction earnings

LBS Bina posts RM37.7 mil 1Q PBT, rides on Klang Valley projects and stronger construction earnings

news

Updated:
  • LBS Bina Group Bhd reported a steady first quarter for FY2026, with RM296.5 mil in revenue.
  • Property drove earnings, contributing 85% of revenue, while construction and trading showed improvement.
  • The group remains cautiously optimistic, with strong sales momentum and a substantial landbank.
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Sime Darby Property’s 1Q profit up 33.5%, to reassess RM4 bil sales target amid cost pressures

Sime Darby Property’s 1Q profit up 33.5%, to reassess RM4 bil sales target amid cost pressures

news

Updated:
  • Sime Darby Property Bhd reported a 33.5% rise in net profit to RM163 mil for 1QFY2026, despite lower revenue.
  • The company achieved RM918.9 mil in sales, with industrial products being the largest contributor at 53%.
  • A long-term incentive plan for executives is proposed, pending shareholder approval on June 10, 2026.
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SkyWorld’s FY2026 sales hit RM1 bil, unbilled sales jump to RM1.1 bil on KL and Penang launches

SkyWorld’s FY2026 sales hit RM1 bil, unbilled sales jump to RM1.1 bil on KL and Penang launches

news

Updated:
  • SkyWorld Development Bhd reported a strong FY2026 with RM1 bil in property sales and RM430.5 mil in revenue.
  • The company remains optimistic for FY2027, supported by a robust project pipeline.
  • The board proposed a total dividend of 0.60 sen per share, reflecting its commitment to shareholder returns.
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UOA Development posts RM41.9 mil 1Q profit, locks in 10 sen final dividend and RM612 mil unbilled sales

UOA Development posts RM41.9 mil 1Q profit, locks in 10 sen final dividend and RM612 mil unbilled sales

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Updated:
  • UOA Development Bhd reported a 1Q net profit of RM41.9 mil and new property sales of RM130.7 mil.
  • Shareholders approved a 10 sen final dividend for FY2025 and renewed key mandates at the AGM.
  • The company remains optimistic about future growth with unbilled sales of RM612.4 mil.
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Sunway’s 1Q revenue lifted by stronger property and construction; RM9.4b headline profit boosted by healthcare listing gain

Sunway’s 1Q revenue lifted by stronger property and construction; RM9.4b headline profit boosted by healthcare listing gain

news

Updated:
  • Sunway Bhd reported a strong first quarter with property development revenue doubling to RM653.6 mil.
  • Construction revenue fell 35.8% to RM794.5 million, but profit before tax rose 38.9% to RM159.1 mil.
  • Overall, group PBT surged to RM9.56 bil, largely due to a one-off gain from its healthcare listing.
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Crescendo sells 49.72-acre Kota Tinggi land to Digital Edge for RM346.53 mil