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PTT Synergy signs RM260m deal to develop, sell five Pontian warehouses

PTT Synergy signs RM260m deal to develop, sell five Pontian warehouses

news

Updated:
  • PTT Synergy Group will develop five industrial warehouses in Johor.
  • These will be sold to Koperasi Kakitangan Bank Rakyat for RM260 mil.
  • This project boosts PTT Synergy's profits and cash flow.
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Rehda Institute backs data-driven housing planning under NHP

Rehda Institute backs data-driven housing planning under NHP

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Updated:
  • Rehda Institute supports the National Housing Policy's data-driven approach for housing.
  • They advocate for diverse tenure options and income-based affordable housing models.
  • The institute emphasises addressing an aging population's needs and improving housing finance access.
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Batu Kawan’s Whitmore crosses 50% in MKH; RM2 offer unconditional

Batu Kawan’s Whitmore crosses 50% in MKH; RM2 offer unconditional

news

Updated:
  • Batu Kawan Bhd's subsidiary, Whitmore Holdings, now owns over 50% of MKH Bhd.
  • Whitmore acquired an 18.1% stake for RM208.9 mil, increasing its direct holding to 50.9%.
  • A takeover offer of RM2 per share has been triggered for remaining MKH shares.
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GuocoLand Malaysia to be delisted from Bursa on Aug 18

GuocoLand Malaysia to be delisted from Bursa on Aug 18

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Updated:
  • GuocoLand (Malaysia) Bhd will delist from Bursa Malaysia on Aug 18.
  • This follows a privatisation exercise completed on Aug 7.
  • Maybank Investment Bank advised on the privatisation.
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DPS Resources signs non-binding MoU for 89MW Melaka data centre

DPS Resources signs non-binding MoU for 89MW Melaka data centre

news

Updated:
  • DPS Resources' subsidiary signed an MoU for a 89MW data centre in Melaka.
  • The project could expand to 400MW, subject to various approvals.
  • The MoU is non-binding and has no immediate financial impact.
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Selangor Dredging gets interest-free one-year extension for RM63m Subang land deal

Selangor Dredging gets interest-free one-year extension for RM63m Subang land deal

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Updated:
  • Selangor Dredging Bhd secured a one-year, interest-free extension for a RM63 mil land acquisition.
  • This extends the completion period to Aug 12, 2027, without additional cost.
  • SDB plans to build serviced apartments with an estimated RM507 mil gross development value.
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Binasat terminates Empire City property deal; vendor to refund RM32.19m

Binasat terminates Empire City property deal; vendor to refund RM32.19m

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Updated:
  • Binasat Communications Bhd terminated a proposed property acquisition.
  • The vendor must refund RM32.19 mil by late 2026.
  • This allows Binasat to reallocate funds for new ventures.
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Farlim seeks nod to redirect RM20.9m of Gopeng land-sale proceeds

Farlim seeks nod to redirect RM20.9m of Gopeng land-sale proceeds

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Updated:
  • Farlim Group seeks approval to reallocate RM20.92 mil from land-sale proceeds.
  • Funds will support property developments and increase working capital.
  • This move reduces reliance on loans for new projects.
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Kerjaya Prospek wins RM223m Johor Bahru SOHO contract

Kerjaya Prospek wins RM223m Johor Bahru SOHO contract

news

Updated:
  • Kerjaya Prospek secured a RM223 mil contract for a Johor Bahru SOHO project.
  • This boosts their year-to-date wins to RM2.4 bil, exceeding their 2026 target.
  • The project includes 1,012 SOHO units and will positively impact earnings through 2029.
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Sunway REIT 2Q realised profit rises 10%

Sunway REIT 2Q realised profit rises 10%

news

Updated:
  • Sunway REIT's 2Q realised profit rose 10.3% to RM106.5 million, driven by strong retail performance.
  • Revenue increased 4.2% to RM220.3 million, with NPI up 5.2% to RM163 mil.
  • The trust declared a 6.28 sen per unit distribution, payable Sept 11.
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