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298-unit condominium proposed for redevelopment site on Jalan Scotland, George Town, Penang

298-unit condominium proposed for redevelopment site on Jalan Scotland, George Town, Penang

news

Updated:
  • A 35-story condo with 298 units is proposed on Jalan Scotland, Penang.
  • The plan involves demolishing two houses for this high-rise development.
  • The application is awaiting approval from the Penang Island City Council.
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Bursa publicly reprimands Meridian, executive director for annual reports delay

Bursa publicly reprimands Meridian, executive director for annual reports delay

news

Updated:
  • Bursa Malaysia reprimanded Meridian Bhd and director Tang Boon Koon.
  • They failed to submit annual reports on time, incurring a fine.
  • Tang must attend compliance training.
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Malton says no material progress on EV motorcycle collaboration with China's BENLG

Malton says no material progress on EV motorcycle collaboration with China's BENLG

news

Updated:
  • Malton Bhd's EV motorcycle collaboration with China's BENLG shows no material progress.
  • The MoU, signed in January, aimed to explore the Malaysian EV market.
  • This non-binding agreement has no immediate financial impact on Malton.
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Aneka Jaringan completes RM1.02 mil acquisition of 51% stake in P3 International

Aneka Jaringan completes RM1.02 mil acquisition of 51% stake in P3 International

news

Updated:
  • Aneka Jaringan acquired 51% of P3 International for RM1.02 mil cash.
  • This expands their reach into Taiwan's construction sector.
  • A profit guarantee ensures future financial performance.
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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

news

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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298-unit condominium proposed for redevelopment site on Jalan Scotland, George Town, Penang