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Hydroshoppe, director seek to transfer bribery case to High Court

Hydroshoppe, director seek to transfer bribery case to High Court

news

Updated:
  • Hydroshoppe Sdn Bhd seeks to transfer a bribery case to the High Court involving RM500,000 annually.
  • The case, linked to alleged bribes to a former minister, raises complex legal issues.
  • A hearing for the transfer application is set for May 15, with trial dates vacated pending the outcome.
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AME REIT closes FY2026 with RM86 mil portfolio revaluation uplift, full-year distributable income rises 13% to RM44.3 mil

AME REIT closes FY2026 with RM86 mil portfolio revaluation uplift, full-year distributable income rises 13% to RM44.3 mil

news

Updated:
  • AME Real Estate Investment Trust (AME REIT) reported a strong financial year ending March 31, 2026.
  • The total revenue increased by 22.4% year-on-year to RM62.33 million.
  • A final income distribution of 2.16 sen per unit has been declared.
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Samchem leases Johor land for RM21m to build chemical storage terminal

Samchem leases Johor land for RM21m to build chemical storage terminal

news

Updated:
  • Samchem Holdings Bhd is leasing land in Johor Bahru to build a bulk liquid storage terminal.
  • The lease agreement for 439,092 sq ft is valued at RM21.08 million and runs until 2051.
  • This facility will enhance Samchem's capacity for chemical storage and distribution.
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Generasi Baru finale at Temasya Glenmarie this Saturday with insights, activities, giveaways

Generasi Baru finale at Temasya Glenmarie this Saturday with insights, activities, giveaways

news

Updated:
  • S P Setia Bhd's Generasi Baru campaign concludes with an event on April 25 at Temasya Glenmarie.
  • Attendees will gain insights on property trends and engage with industry experts and influencers.
  • Pre-registration offers rewards, including treats and a chance to win cash prizes and exclusive merchandise!
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CapitaLand Malaysia Trust posts 22.7% rise in distributable income in 1Q2026, backed by industrial acquisitions and stronger mall performance

CapitaLand Malaysia Trust posts 22.7% rise in distributable income in 1Q2026, backed by industrial acquisitions and stronger mall performance

news

Updated:
  • CapitaLand Malaysia Trust reported RM45.77 million in distributable income for 1Q2026, up 22.7% y-o-y.
  • The growth was driven by industrial acquisitions and strong retail performance, with occupancy at 94.7%.
  • CLMT has a forward purchase agreement for five industrial properties in Johor.
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Sunway REIT seeks unitholders' nod to renew mandate for related-party transactions at 13th AGM

Sunway REIT seeks unitholders' nod to renew mandate for related-party transactions at 13th AGM

news

Updated:
  • Sunway REIT is seeking unitholder approval for recurrent related party transactions at its AGM on May 21.
  • The mandate includes various operational transactions, with estimated revenues of up to RM300 million.
  • The board recommends approval, while key stakeholders will abstain from voting due to conflicts of interest.
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Klang upgrader market gains momentum on income, infrastructure, port growth

Klang upgrader market gains momentum on income, infrastructure, port growth

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Updated:
  • Klang is transforming into a modern urban hub due to rising incomes and infrastructure upgrades.
  • The area is seeing significant growth in higher-value residential properties, attracting affluent upgraders.
  • Setia Bayuemas is a key development in this shift, offering a master-planned community.
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HLIB less bullish on Malaysia’s REIT sector as tax removal squeezes yields, investors shift to alternatives

HLIB less bullish on Malaysia’s REIT sector as tax removal squeezes yields, investors shift to alternatives

news

Updated:
  • Hong Leong Investment Bank downgraded Malaysia's REIT sector from "overweight" to "neutral".
  • They cited narrow yield spreads and competition from high-dividend alternatives as key factors.
  • Despite resilient earnings, rising operating costs and tax changes may limit growth potential.
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Sime Darby Property proposes new long-term incentive plan for key staff, covering up to 5% of issued shares

Sime Darby Property proposes new long-term incentive plan for key staff, covering up to 5% of issued shares

news

Updated:
  • Sime Darby Property Bhd is launching a long-term incentive plan for executives, capped at 5% of shares.
  • The plan includes a Performance Share Grant and a Restricted Share Grant, tied to performance and service.
  • Approval from Bursa Malaysia and shareholders is needed, with implementation expected by 3Q2026.
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Chin Hin Group Property wraps up private placement, abandons remaining tranche

Chin Hin Group Property wraps up private placement, abandons remaining tranche

news

Updated:
  • Chin Hin Group Property Bhd completed its private placement, raising RM73.9 million from 64.3 million shares.
  • The company opted not to extend the placement deadline and will not issue remaining shares.
  • Initially targeting RM105 million, the funds were intended for joint venture projects with Fiamma Holdings Bhd.
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