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Tower REIT names new CEO for management company

Tower REIT names new CEO for management company

news

Updated:
  • Douglas Richard Fyvie Crichton is GLM REIT Management Sdn Bhd's new CEO.
  • He has over 25 years of real estate experience in Southeast Asia.
  • Tower REIT also appointed Wong Shao Ling as a non-independent and non-executive director.
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Axis REIT to buy City‑Link distribution centre in Bandar Saujana Putra for RM128 mil

Axis REIT to buy City‑Link distribution centre in Bandar Saujana Putra for RM128 mil

news

Updated:
  • Axis-REIT is proposing to buy a distribution centre from City-Link Express for RM128 mil cash.
  • The property will be leased back to City-Link for 15 years, ensuring steady income.
  • This acquisition aligns with Axis-REIT's growth strategy and will boost its earnings.
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Pesona Metro profit jumps 162% in FY2025, targets RM500 mil in new contracts

Pesona Metro profit jumps 162% in FY2025, targets RM500 mil in new contracts

news

Updated:
  • Pesona Metro Holdings Bhd reported strong FY2025 results.
  • Revenue rose 38% to RM705.9 mil, PBT increased 162% to RM66.0 mil.
  • The property division contributed the largest share of PBT.
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Ajiya books RM14.3 mil gain from Tanco share disposal amid developer’s share-price slide

Ajiya books RM14.3 mil gain from Tanco share disposal amid developer’s share-price slide

news

Updated:
  • Ajiya Bhd sold Tanco Holdings Bhd shares, gaining RM14.3 mil.
  • This reduced Ajiya's stake to 0.76% for capital management.
  • Tanco has received two unusual market activity queries from Bursa Malaysia this year.
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Gamuda's 3Q net profit rises 4.5% as domestic construction drives growth, declares five sen dividend

Gamuda's 3Q net profit rises 4.5% as domestic construction drives growth, declares five sen dividend

news

Updated:
  • Gamuda Bhd's net profit rose 4.51% in 3QFY2026 to RM257.98 mil, driven by domestic construction.
  • Revenue surged 43.56% to RM4.44 bil, and an interim dividend of five sen per share was proposed.
  • The company secured RM11.7 bil in new projects, boosting its order book to a record RM52 bil.
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Glomac's 4Q profit surges over fourfold, plans RM371 mil launches in FY2027

Glomac's 4Q profit surges over fourfold, plans RM371 mil launches in FY2027

news

Updated:
  • Glomac Bhd's4Q net profit quadrupled to RM13.26 mil due to higher billings.
  • Revenue increased by 6.4% to RM79.75 mil for the quarter.
  • The company proposed a 1.38 sen dividend and plans RM371 mil in new launches.
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Forensic reports conclude claims of Battersea's overvaluation unfounded, says MOF

Forensic reports conclude claims of Battersea's overvaluation unfounded, says MOF

news

Updated:
  • An independent audit cleared Battersea Power Station of overvaluation claims.
  • Forensic reports found allegations unfounded, requiring no further investigation.
  • Accounting practices align with international standards, and PwC also certified accounts.
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KPKT allocates RM216.44 mil to boost Johor housing, infrastructure

KPKT allocates RM216.44 mil to boost Johor housing, infrastructure

news

Updated:
  • KPKT allocated RM216.44 mil to Johor under the 13th Malaysia Plan.
  • This funding supports housing, infrastructure, and community well-being projects.
  • The initiative aims to enhance residents' quality of life and ensure sustainable living.
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Tower REIT names new CEO for management company