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Radium enters hospitality, unveils The Face Chancery Hotel in KL

Radium enters hospitality, unveils The Face Chancery Hotel in KL

news

Updated:
  • Radium Development Bhd has launched The Face Chancery Hotel, its first hotel venture in Kuala Lumpur.
  • The hotel will feature 145 rooms and is designed to meet urban needs, combining SOHO units and hospitality.
  • Scheduled to open in 2028, it aims for annual revenue of RM20 mil by its third year.
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PRG’s major shareholder Ng petitions to wind up company after loan restructuring talks fail

PRG’s major shareholder Ng petitions to wind up company after loan restructuring talks fail

news

Updated:
  • PRG's largest shareholder, Datuk Ng Yan Cheng, seeks to wind up the company.
  • This follows a failed agreement to restructure a RM21.22 mil advance.
  • PRG is now exploring restructuring options with legal and accounting firms.
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Lagenda lodges RM1.5 bil sukuk wakalah programme with SC to fund housing developments

Lagenda lodges RM1.5 bil sukuk wakalah programme with SC to fund housing developments

news

Updated:
  • Lagenda Properties Bhd's subsidiary made a lodgement for a RM1.5 bil sukuk wakalah programme.
  • This programme offers funding flexibility for affordable housing developments and working capital.
  • It has a perpetual tenure, with the first issuance expected soon.
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1926 Heritage Hotel Penang completes RM20 mil restoration, joins Ascott's Unlimited Collection

1926 Heritage Hotel Penang completes RM20 mil restoration, joins Ascott's Unlimited Collection

news

Updated:
  • The 1926 Heritage Hotel Penang reopened after a RM20 mil restoration.
  • It is Malaysia's first hotel in The Unlimited Collection by Ascott.
  • The project preserved Anglo-Malay architecture, creating an urban resort.
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YNH Property unit gets IRB approval for RM5.16m tax settlement plan

YNH Property unit gets IRB approval for RM5.16m tax settlement plan

news

Updated:
  • YNH Construction received IRB approval for a tax arrears settlement plan.
  • They will pay RM5.16 mil by Sept 10, 2026.
  • This resolves a winding-up petition, with penalties waived.
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Pavilion REIT set for 2H rebound as renovated Parkson space reopens — CIMB Securities

Pavilion REIT set for 2H rebound as renovated Parkson space reopens — CIMB Securities

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Updated:
  • Pavilion REIT's earnings are expected improve in 2HFY2026.
  • This is due to the redeveloped Parkson space reopening in early November and lower electricity costs.
  • Nonetheless, CIMB Securities expects 3QFY2026 earnings to remain broadly flat.
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COA rejects Berjaya Hills appeal, rules states can set quit rent rates without National Land Council approval

COA rejects Berjaya Hills appeal, rules states can set quit rent rates without National Land Council approval

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Updated:
  • The Court of Appeal ruled states can set quit rent rates without NLC approval.
  • This decision upheld higher rates for Berjaya Hills Resort Bhd.
  • The NLC's role is policy, not approving specific state rates.
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Malaysia rethinking investment incentives as data centre boom exposes policy gaps, says Treasury secretary general

Malaysia rethinking investment incentives as data centre boom exposes policy gaps, says Treasury secretary general

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Updated:
  • Data centres exposed the limitations of rewarding companies based on the size of their capital commitments.
  • The government has learnt from its recent experience with data centres.
  • Policy shift comes as Malaysia continues to attract strong interest from global technology companies.
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Magna Prima, OCR complete previously announced land transaction

Magna Prima, OCR complete previously announced land transaction

news

Updated:
  • Magna Prima and OCR Group completed a land transaction.
  • Magna's subsidiary acquired the land from OCR's subsidiary.
  • The deal was finalised on July 23, 2026, as previously announced.
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Hektar REIT submits Bursa listing application for RM125 mil school acquisition

Hektar REIT submits Bursa listing application for RM125 mil school acquisition

news

Updated:
  • Hektar REIT applied to Bursa Malaysia for a RM125 mil acquisition.
  • They are planning an acquisition and sale-and-leaseback of KYS KL East International School.
  • The deal involves cash and new REIT units, pending approvals.
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