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Ge-Shen clarifies Johor land disposal terms, expects RM12.63 mil gain

Ge-Shen clarifies Johor land disposal terms, expects RM12.63 mil gain

news

Updated:
  • Ge-Shen Corp Bhd plans to sell five land parcels in Johor Bahru.
  • The sale includes a 7.26% discount for a quick, certain transaction.
  • This disposal is expected to yield a RM12.63 mil gain for the company.
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Sime Darby Property 2Q profit doubles; sets 40%-60% payout target

Sime Darby Property 2Q profit doubles; sets 40%-60% payout target

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Updated:
  • Sime Darby Property Bhd's 2QFY2026 net profit more than doubled to RM322.04 mil.
  • This growth was driven by strong property development and investment performance.
  • The company also announced a new dividend policy targeting 40%-60% payout.
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Fiamma’s 2Q net profit rises 15.9% as revenue jumps 41.5%

Fiamma’s 2Q net profit rises 15.9% as revenue jumps 41.5%

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Updated:
  • Fiamma Holdings Bhd's 2Q net profit rose 15.9% to RM16.17 mil, with revenue up 41.5%.
  • First-half net profit, however, fell 46.3% to RM26.93 mil due to one-off gains last year.
  • The company expects continued growth from property and resilient demand for home appliances.
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Hektar REIT seeks unitholders’ nod for RM125m KYS KL East school leasehold acquisition

Hektar REIT seeks unitholders’ nod for RM125m KYS KL East school leasehold acquisition

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Updated:
  • Hektar REIT seeks approval to acquire KYS College's leasehold interest for RM125 mil.
  • The deal includes existing school buildings and a new one to be constructed.
  • This acquisition is expected to impact earnings and distributions initially, but improve long-term.
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Mycron seeks shareholders’ nod for RM30m Shah Alam factory purchase from parent

Mycron seeks shareholders’ nod for RM30m Shah Alam factory purchase from parent

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Updated:
  • Mycron Steel Bhd seeks approval to acquire a Shah Alam property from its major shareholder.
  • RM30 mil purchase is for a 5.33-acre leasehold industrial property currently rented by Mycron's subsidiary.
  • This acquisition aims to provide long-term operational certainty and cost savings for Mycron.
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E&O 1Q net profit rises 28% as property revenue surges

E&O 1Q net profit rises 28% as property revenue surges

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Updated:
  • E&O's 1QFY2027 net profit rose 27.9% to RM58.11 mil due to property development.
  • Revenue increased 53.4% to RM281.47 mil, driven by strong property sales.
  • The company is cautiously optimistic, with new projects and hospital plans underway.
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AZRB hit with fresh winding-up petition over RM408,000 debt

AZRB hit with fresh winding-up petition over RM408,000 debt

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Updated:
  • Ahmad Zaki Resources Bhd faces a new winding-up petition for RM407,753 in unpaid bills.
  • This adds to several recent petitions against the company for outstanding payments.
  • Despite this, the company expects no significant financial impact and is negotiating a resolution.
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Architects of the future: building Malaysia’s next generation of semiconductor talent

Architects of the future: building Malaysia’s next generation of semiconductor talent

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Updated:
  • Malaysia's 1Q2026 investments were strong, with RM92.8 bil approved and 50,000 new jobs.
  • The focus is shifting from investment figures to high-skilled talent development.
  • This includes engineers and IC designers, crucial for future industry growth.
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Do auction buyers inherit sellers’ strata arrears?

Do auction buyers inherit sellers’ strata arrears?

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Updated:
  • Auction purchasers are not liable for prior owners' unpaid maintenance fees in specific judicial sales.
  • This applies when the sale is court-supervised, not a voluntary transfer.
  • Buyers must still perform due diligence for all auction types.
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Spotting locations for expansion: MyNews combines market survey with data analytics

Spotting locations for expansion: MyNews combines market survey with data analytics

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Updated:
  • MyNews, Malaysia's largest homegrown convenience store chain, uses a hybrid approach for expansion.
  • They combine data analytics with on-the-ground assessments to select new store locations.
  • This strategy helps them adapt to changing consumer habits and urban development patterns.
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Ge-Shen clarifies Johor land disposal terms, expects RM12.63 mil gain