UOA REIT unitholders vote down RM200m acquisition of three commercial properties

UOA REIT unitholders vote down RM200m acquisition of three commercial properties

news

Updated:
  • UOA Real Estate Investment Trust's acquisition of three properties for RM200 mil was rejected by unitholders.
  • The sale and purchase agreements are now null and void, with no claims between the parties.
  • A separate income distribution plan was approved, marking a setback for UOA REIT's growth strategy.
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Jelajah Harta Tanah Malaysia 2026 kicks off with 400-plus bidders and 84% success rate in Southern Region

Jelajah Harta Tanah Malaysia 2026 kicks off with 400-plus bidders and 84% success rate in Southern Region

news

Updated:
  • Ng Chan Mau & Co launched Jelajah Harta Tanah Malaysia 2026, attracting over 400 bidders!
  • The auction series, part of the Visit Malaysia 2026 campaign, featured diverse categories and mixed results.
  • The event also promoted local tourism with prizes and cultural performances, engaging first-time buyers.
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IWCity logs RM43.4m revenue in FY2025 amid regularisation push

IWCity logs RM43.4m revenue in FY2025 amid regularisation push

news

Updated:
  • Iskandar Waterfront City Bhd reported a revenue drop to RM43.42 mil for FY2025, down 57.3%.
  • IWCity is implementing a regularisation plan and has completed key projects, including Danga Sutera Phase 3.
  • No dividend was declared for FY2025, and the 57th Annual General Meeting is set for June 24, 2026.
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Chin Hin scraps RM1.15b Taman Connaught deal after ‘unsatisfactory due diligence’

Chin Hin scraps RM1.15b Taman Connaught deal after ‘unsatisfactory due diligence’

news

Updated:
  • Chin Hin Group Property Bhd has terminated its RM1.15 billion residential project in Taman Connaught.
  • The termination was due to unmet conditions for development approval within the required timeframe.
  • No compensation will be paid, and both parties are released from obligations under the revoked agreement.
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Ahmad Zaki swings to RM49.7m pre-tax loss in 18-month FPE 2025

Ahmad Zaki swings to RM49.7m pre-tax loss in 18-month FPE 2025

news

Updated:
  • Ahmad Zaki Resources Bhd reported a loss before tax of RM49.7 mil for the 18-month period ending Dec 2025.
  • Revenue increased to RM1.046 bil, driven by stronger Engineering and Construction activities.
  • The company faces a material going-concern uncertainty, with liabilities exceeding assets by RM890.3 million.
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GD Holdings revives abandoned M101 Skywheel project with RM1.37b KL360 mixed-use development

GD Holdings revives abandoned M101 Skywheel project with RM1.37b KL360 mixed-use development

news

Updated:
  • GD Properties launched KL360, a mixed-use development valued at RM1.37 billion.
  • KL360 is a revival of the abandoned M101 Skywheel project.
  • Construction is set to begin in 2026, with completion expected by 2030, and financing from Bank Rakyat.
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KPS Consortium buys freehold properties for RM45.4 mil in Rawang for investment

KPS Consortium buys freehold properties for RM45.4 mil in Rawang for investment

news

Updated:
  • KPS Consortium Bhd plans to acquire three properties in Rawang for RM45.4 mil for investment.
  • The purchases include various factory units and will be financed through cash and bank borrowings.
  • The company recently secured a RM106.96 million construction contract, boosting its order book significantly!
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PNB sets regional benchmark with largest WELL Platinum certified office interiors project

PNB sets regional benchmark with largest WELL Platinum certified office interiors project

news

Updated:
  • Permodalan Nasional Bhd achieved WELL Platinum Certification for its office interiors in Southeast Asia.
  • This certification highlights PNB's commitment to health and wellbeing in the workplace.
  • The project involved key partners and complements the WELL Core Platinum Certification of Menara Merdeka 118.
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Dexter Koh Yew Peng elected PAM president for 2026/27 term

Dexter Koh Yew Peng elected PAM president for 2026/27 term

news

Updated:
  • Dexter Koh Yew Peng has been elected as the new president of Pertubuhan Akitek Malaysia (PAM).
  • His first initiative is a Practice Note to guide the construction industry amid supply chain issues.
  • Koh also encouraged local governments to expedite planning and building application approvals.
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Landmarks' auditors flag material uncertainty amid losses, weak liquidity position

Landmarks' auditors flag material uncertainty amid losses, weak liquidity position

news

Updated:
  • Landmarks Bhd received an unqualified audit opinion from KPMG, noting material uncertainty about its future.
  • The company reported losses of RM19.9 million and is selling assets to improve its financial position.
  • Landmarks believes it can continue as a going concern due to potential asset sales and financing options.
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