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PKNS denies loss, debt claims as inaccurate and misleading

PKNS denies loss, debt claims as inaccurate and misleading

news

Updated:
  • PKNS denies claims of RM103.69 million in losses and RM6.1 billion in debt.
  • They state these allegations are inaccurate and misleading.
  • An independent assessment confirms PKNS's strong financial position.
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Eddie Ong ceases to be substantial unitholder of Hektar REIT

Eddie Ong ceases to be substantial unitholder of Hektar REIT

news

Updated:
  • Businessman Eddie Ong is no longer a substantial unitholder in Hektar REIT.
  • He sold 7.135 million units, reducing his stake to 4.998%.
  • This marks his first time below 5% since December 2023.
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Armani Group plans Kazakhstan market entry with TBay and Etagi

Armani Group plans Kazakhstan market entry with TBay and Etagi

news

Updated:
  • Armani Group partners with TBay and Etagi to enter the Kazakhstan market.
  • They will introduce Malaysian luxury properties, starting with Armani Hallson KLCC.
  • This initiative responds to strong interest from Kazakhstan investors in Malaysia's luxury real estate.
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Inta Bina wins RM115.65m housing construction job for Sime Darby Property’s KL East

Inta Bina wins RM115.65m housing construction job for Sime Darby Property’s KL East

news

Updated:
  • Inta Bina's subsidiary secured a RM115.65 million contract for residential development.
  • The project involves building 61 terrace houses and an electrical substation.
  • This boosts their order book to RM1.7 billion and 2026 wins to RM424 million.
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Bedi finalises RM38.87m consideration for proposed related-party acquisitions of Sabah developers

Bedi finalises RM38.87m consideration for proposed related-party acquisitions of Sabah developers

news

Updated:
  • Bedi Bhd finalised its acquisition of two property developers for RM38.87 million.
  • The purchase consideration was based on revalued net asset values.
  • These acquisitions will strengthen Bedi's development pipeline and future revenue.
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LSH Capital units reinstated as parties in RM1b KL Tower RM1b suit after Court of Appeal ruling

LSH Capital units reinstated as parties in RM1b KL Tower RM1b suit after Court of Appeal ruling

news

Updated:
  • The Court of Appeal reinstated LSH Capital units in a KL Tower dispute.
  • This reverses a High Court decision, making them parties again.
  • The litigation is not expected to affect LSH Service Master's operations.
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Sapura Industrial completes RM24.72m disposal of Negeri Sembilan industrial land

Sapura Industrial completes RM24.72m disposal of Negeri Sembilan industrial land

news

Updated:
  • Sapura Industrial Bhd sold vacant land for RM24.72 million cash.
  • This disposal unlocks value from a non-core asset.
  • The funds will be used for working capital and expansion.
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Batu Kawan's unit completes MKH acquisition, gains control

Batu Kawan's unit completes MKH acquisition, gains control

news

Updated:
  • Batu Kawan's Whitmore Holdings increased its stake in MKH Bhd to 50.9%.
  • This makes MKH a subsidiary of Whitmore, following a completed acquisition.
  • Whitmore will now extend mandatory take-over offers for remaining MKH and MKHOP shares.
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AME Elite to build aerospace and medical device facility in Johor's i-TechValley for Hyatech's US$70 mil Southeast Asian expansion

AME Elite to build aerospace and medical device facility in Johor's i-TechValley for Hyatech's US$70 mil Southeast Asian expansion

news

Updated:
  • AME Elite will build a 220,000 sq ft facility for HYA Industry in Johor.
  • This plant will produce aerospace components and medical implants.
  • It supports Hyatech's US$70 mil expansion in Southeast Asia.
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Malaysia needs single umbrella for housing data

Malaysia needs single umbrella for housing data

news

Updated:
  • Malaysia has extensive housing data, but it's fragmented and inconsistent.
  • A National Housing Data Bank is proposed to standardise and connect this information.
  • This framework would improve planning, reduce imbalances, and benefit consumers and developers.
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