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IGB REIT’s net property income jumps 51%, commercial REIT rises 18%

IGB REIT’s net property income jumps 51%, commercial REIT rises 18%

news

Updated:
  • IGB REIT's NPI surged 51% to RM181.2 mil, boosted by MVS Mall and higher rental income.
  • IGB Commercial REIT's NPI rose 18.5% to RM45.1 mil due to better occupancy and rates.
  • Both REITs declared distributions, anticipating resilient performance despite economic uncertainties.
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GDB Holdings secures RM439.4m contract for mixed-use tower in Mont Kiara

GDB Holdings secures RM439.4m contract for mixed-use tower in Mont Kiara

news

Updated:
  • GDB Holdings secured a RM439.4 mil contract for a 60-storey mixed-use tower.
  • Construction starts in August, finishing by December 2030.
  • This boosts GDB's order book and future revenue.
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AEON to benefit from new KL outlet, rising Johor revenue contribution — TA Securities

AEON to benefit from new KL outlet, rising Johor revenue contribution — TA Securities

news

Updated:
  • TA Securities projects AEON Mall KL Midtown will add 2% to AEON's FY2027 revenue.
  • The firm maintains a 'buy' rating with a RM1.42 target price for AEON.
  • Johor's strong growth and consumer spending are also highlighted.
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PRG major shareholder Ng pushes back against ‘one-sided’ claims, highlights over RM89m financial support for group

PRG major shareholder Ng pushes back against ‘one-sided’ claims, highlights over RM89m financial support for group

news

Updated:
  • Datuk Ng Yan Cheng, PRG's largest shareholder, refutes claims of harming the company.
  • He highlights providing RM89.55 mil in financial support during difficult times.
  • He expressed disappointment that his role had been presented without full context.
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Mah Sing gets shareholders’ nod for RM2.26 bil MS Industrial Park @ Kulai project

Mah Sing gets shareholders’ nod for RM2.26 bil MS Industrial Park @ Kulai project

news

Updated:
  • Mah Sing Group will acquire 419.17 acres in Kulai, Johor for RM273.87 mil.
  • Shareholders approved the RM2.26 bil industrial park development.
  • This project will boost Mah Sing's landbank and cater to various industries.
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AME Elite, KLK Land unveil RM1.3 bil i-Park@Coalfields industrial park in Selangor

AME Elite, KLK Land unveil RM1.3 bil i-Park@Coalfields industrial park in Selangor

news

Updated:
  • AME Elite and KLK Land formed a 60:40 joint venture.
  • They will develop i-Park@Coalfields, a RM1.3 bil industrial park.
  • This 151.2-acre project is AME Elite's first in Selangor.
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TA Global partners Gaggenau, Gessi and Laufen for CloutHaus Residences

TA Global partners Gaggenau, Gessi and Laufen for CloutHaus Residences

news

Updated:
  • TA Global partnered with Gaggenau, Gessi, and Laufen for CloutHaus Residences.
  • These brands will supply kitchen appliances, fittings, and sanitaryware.
  • The collaboration emphasises quality, craftsmanship, and timeless design for luxury living.
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PRG rejects shareholders' requisition to convene EGM to revamp board

PRG rejects shareholders' requisition to convene EGM to revamp board

news

Updated:
  • PRG Holdings rejected an EGM request from shareholders due to insufficient collective shareholding.
  • The board deemed the notice invalid after legal advice.
  • The proposed removal of a director became academic after his resignation.
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MGB unit secures RM44.7 mil MEP and finishes contract for Saudi 75-villa development

MGB unit secures RM44.7 mil MEP and finishes contract for Saudi 75-villa development

news

Updated:
  • MGB Bhd's subsidiary secured a RM44.67 mil contract in Saudi Arabia.
  • It involves MEP and finishes for 75 villas.
  • This boosts MGB's earnings and regional growth strategy.
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Johan Holdings unit to acquire remaining 20% stake in Lumut Park Resort for RM3.25 mil

Johan Holdings unit to acquire remaining 20% stake in Lumut Park Resort for RM3.25 mil

news

Updated:
  • Johan Holdings Bhd will acquire the remaining 20% of Lumut Park Resort for RM3.25 mil.
  • JHB will hold 100% indirect interest in LPR through its wholly owned subsidiaries.
  • The acquisition, funded internally, is expected to be completed by August 2026.
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IGB REIT’s net property income jumps 51%, commercial REIT rises 18%