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Media Chinese completes disposal of Toronto industrial property for RM28.65 mil

Media Chinese completes disposal of Toronto industrial property for RM28.65 mil

news

Updated:
  • MCIL sold its Toronto property for C$9.9 mil.
  • The sale was completed on August 6th.
  • Transaction involved the sale of the land and a single-storey industrial building at 1355 Huntingwood Drive.
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Cengild Medical JV for Penang hospital becomes unconditional after shareholder approval

Cengild Medical JV for Penang hospital becomes unconditional after shareholder approval

news

Updated:
  • Cengild Medical's hospital joint venture is now unconditional.
  • Shareholders approved the plan at an EGM.
  • This hospital will be on Andaman Island, Penang.
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A1 A.K. Koh’s RM16.73 mil Puchong land acquisition turns unconditional

A1 A.K. Koh’s RM16.73 mil Puchong land acquisition turns unconditional

news

Updated:
  • A1 A.K. Koh Group's RM16.73 mil land acquisition in Puchong is now unconditional.
  • The new building will replace A1's rented 4,938 sq ft office in Taman Perindustrian OUG.
  • They plan a four-story commercial building for a regional office on the Puchong land.
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BMS proposes RM23.8 mil acquisition of Cheras industrial property for expansion

BMS proposes RM23.8 mil acquisition of Cheras industrial property for expansion

news

Updated:
  • BMS Holdings Bhd plans to buy a Cheras industrial property for RM23.8 mil.
  • This acquisition supports expansion and operational needs, eliminating rental risks.
  • The purchase will be funded by internal funds and/or bank borrowings.
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AWC unit secures RM23.08 mil data centre subcontract

AWC unit secures RM23.08 mil data centre subcontract

news

Updated:
  • AWC Bhd's subsidiary secured a RM23.08 mil data centre subcontract.
  • The work involves plumbing, silo tank, and sanitary installations.
  • This project will boost earnings and net assets through mid-2027.
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Data centre demand in Selangor does not place pressure on domestic water supply

Data centre demand in Selangor does not place pressure on domestic water supply

news

Updated:
  • Selangor's data centre demand does not strain water supply.
  • The state ensures sustainable development with environmental and community well-being in mind.
  • Pre-investment meetings coordinate resources and environmental compliance.
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Desmond Lim and wife transfer all their units in Pavilion REIT to vehicle

Desmond Lim and wife transfer all their units in Pavilion REIT to vehicle

news

Updated:
  • Tycoon Desmond Lim and wife transferred all Pavilion REIT units to Khuan Choo Assets.
  • Their combined 28.699% stake makes Khuan Choo Assets the largest unitholder.
  • This move consolidates their holdings in the property trust.
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Desmond Lim and wife transfer all their units in Pavilion REIT to vehicle

Desmond Lim and wife transfer all their units in Pavilion REIT to vehicle

news

Updated:
  • Tycoon Desmond Lim and wife transferred all Pavilion REIT units to Khuan Choo Assets.
  • Their combined 28.699% stake makes Khuan Choo Assets the largest unitholder.
  • This move consolidates their holdings in the property trust.
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Sentral REIT's property income slips in 2Q amid rising costs, to pay out 3.17 sen per unit

Sentral REIT's property income slips in 2Q amid rising costs, to pay out 3.17 sen per unit

news

Updated:
  • Sentral REIT's net property income fell 3.2% due to higher operating expenses.
  • Despite this, the REIT increased its income distribution to RM37.9 mil.
  • They plan to grow and reposition their portfolio amidst market changes.
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Media Chinese completes disposal of Toronto industrial property for RM28.65 mil