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Ministry of Economy clears AmBank's RM331 mil acquisition of Menara AmBank from AmFirst REIT

Ministry of Economy clears AmBank's RM331 mil acquisition of Menara AmBank from AmFirst REIT

news

Updated:
  • AMMB Holdings Bhd's acquisition of Menara AmBank received no objection from the Ministry of Economy.
  • This RM331 mil cash deal involves AmBank (M) Bhd buying the tower from AmFirst REIT.
  • The transaction is a key regulatory step for the proposed related-party acquisition.
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Housing affordability in focus as Rehda Institute launches report, KPKT outlines Cambridge collaboration

Housing affordability in focus as Rehda Institute launches report, KPKT outlines Cambridge collaboration

news

Updated:
  • Rehda Institute launched its latest housing research publication on July 28.
  • The launch coincided with the inaugural Senior Leadership Circle Roundtable.
  • Rehda Institute's latest research found homeownership among the M40 group had fallen below that of the B40.
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Advancecon's Silver Valley Technology Park JV turns unconditional after financing waiver

Advancecon's Silver Valley Technology Park JV turns unconditional after financing waiver

news

Updated:
  • Advancecon's joint development with Perak Corp is now unconditional.
  • The final financing condition was waived by Perak Corp.
  • This allows the Silver Valley Technology Park to proceed.
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Mah Sing unit ordered to pay RM1.65 mil costs after High Court dismisses lawsuit

Mah Sing unit ordered to pay RM1.65 mil costs after High Court dismisses lawsuit

news

Updated:
  • Mah Sing's subsidiary, Elite Park Development, lost a lawsuit.
  • The court ordered them to pay RM1.65 mil in legal costs.
  • Mah Sing expects limited financial impact from this decision.
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IJM shareholders to vote on share buy-back renewal, director re-elections at Aug 27 AGM

IJM shareholders to vote on share buy-back renewal, director re-elections at Aug 27 AGM

news

Updated:
  • IJM Corp Bhd will hold its 42nd AGM on Aug 27th.
  • Shareholders will vote on director re-elections and auditor reappointment.
  • Shareholders will also vote on the renewal of the group's share buy-back mandate.
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Court of Appeal rules against Compugates in Dengkil JV dispute

Court of Appeal rules against Compugates in Dengkil JV dispute

news

Updated:
  • Compugates lost a legal appeal regarding a mixed-use development.
  • The court dismissed their appeal and allowed their partner's cross-appeal.
  • Compugates must pay RM40,000 in legal costs.
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Lagenda secures RM475 mil inaugural sukuk to fund affordable township expansion

Lagenda secures RM475 mil inaugural sukuk to fund affordable township expansion

news

Updated:
  • Lagenda Properties secured RM475 mil in its first sukuk issuance.
  • The issuance follows the establishment of the RM1.5 bil sukuk wakalah programme.
  • The programme strengthens their financial flexibility and capital structure.
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Rivertree STF Synergies defers CLQ management diversification pending definitive agreement

Rivertree STF Synergies defers CLQ management diversification pending definitive agreement

news

Updated:
  • Rivertree STF Synergies Bhd postponed its CLQ diversification.
  • The delay is pending a definitive agreement's finalisation.
  • The company still intends to pursue this business later.
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Country View's 2Q profit rises 15% despite lower revenue on stronger margins

Country View's 2Q profit rises 15% despite lower revenue on stronger margins

news

Updated:
  • Country View Bhd's 2Q net profit rose 15.3% to RM21.1 mil despite lower revenue.
  • Higher-margin sales and land disposal boosted profits.
  • The company remains cautious on the Johor property market outlook.
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