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Pavilion REIT posts higher 1Q2026 DPU on stronger NPI growth

Pavilion REIT posts higher 1Q2026 DPU on stronger NPI growth

news

Updated:
  • Pavilion REIT reported strong 1Q2026 results with a 12.4% rise in distributable income to RM110.3 mil.
  • Gross revenue increased 7.8% to RM245.9 mil, driven by improved retail asset performance.
  • The REIT anticipates continued support from tourism campaigns and retail activations in the coming months.
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Malton inks MOU with US' Ricloud on proposed AI-compute-centre collaboration

Malton inks MOU with US' Ricloud on proposed AI-compute-centre collaboration

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Updated:
  • Malton Bhd signed an MOU with Ricloud AI Inc to explore AI compute centres in Malaysia.
  • Malton will assist investors in identifying suitable locations for AI compute centres.
  • Ricloud will secure investors and provide technical expertise for these centres.
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Nextgreen completes land disposals tied to JV proposals

Nextgreen completes land disposals tied to JV proposals

news

Updated:
  • Nextgreen Global Bhd (NGGB) completed land disposals for a JV.
  • Neuwhite Sdn Bhd paid the remaining 90% to Ultimate Ivory.
  • This finalises a key part of NGGB's broader proposals.
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Ecobuilt seeks approval to diversify into property development, building materials trading

Ecobuilt seeks approval to diversify into property development, building materials trading

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Updated:
  • Ecobuilt Holdings Bhd seeks shareholder approval to diversify into property development and building materials trading.
  • This move aims to broaden income streams and reduce reliance on its struggling construction business.
  • The company is evaluating potential projects in Penang and the Klang Valley.
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Mulpha named in Australian class action over Mulgoa Rise project

Mulpha named in Australian class action over Mulgoa Rise project

news

Updated:
  • Mulpha International's subsidiary faces an Australian class action lawsuit.
  • The claim alleges unsuitable land for residential construction at Mulgoa Rise.
  • Mulpha Norwest denies wrongdoing and will vigorously defend the claim.
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Berjaya Corp exits Citaglobal stake for RM42.56m in RPT transaction

Berjaya Corp exits Citaglobal stake for RM42.56m in RPT transaction

news

Updated:
  • Berjaya Corp Bhd (BCorp) sold its 8.64% stake in Citaglobal Bhd for RM42.56 million cash.
  • The sale to Detik Ria Sdn Bhd was a related party transaction.
  • Proceeds will be used for BCorp's working capital needs.
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Titijaya to buy Bukit Raja land for RM47.4m

Titijaya to buy Bukit Raja land for RM47.4m

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Updated:
  • Titijaya Land Bhd will acquire a piece of leasehold land in Bukit Raja for RM47.39 million cash.
  • This expands their land bank for future development opportunities.
  • The acquisition should positively impact future earnings.
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BEDI proposes RM38.82m related-party buy of two Sabah land companies

BEDI proposes RM38.82m related-party buy of two Sabah land companies

news

Updated:
  • BEDI Bhd plans to acquire two companies from a related party for RM38.82 million.
  • This involves Sejati Sentral and FYT Land, becoming BEDI's subsidiaries.
  • An independent adviser will review this related party transaction.
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Propel Global marks first commercial project with RM64m Riverpoint in Kuantan

Propel Global marks first commercial project with RM64m Riverpoint in Kuantan

news

Updated:
  • Propel Global Bhd launched Riverpoint, its first commercial project, in Kuantan.
  • This RM64 million development features 31 freehold shoplots.
  • It targets investors and businesses in a growing East Coast region.
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KPKT channelled RM1.08 bil to Johor for infrastructure, housing upgrades since 2022

KPKT channelled RM1.08 bil to Johor for infrastructure, housing upgrades since 2022

news

Updated:
  • KPKT allocated RM1.08 bil to Johor since 2022 for infrastructure and housing.
  • This commitment ensures balanced and inclusive development for all Johor residents.
  • The Sentuhan Kasih programme engages with residents and addresses local issues directly.
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