- 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.
GuocoLand Malaysia to be delisted from Bursa on Aug 18
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Updated:
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.
Batu Kawan’s Whitmore crosses 50% in MKH; RM2 offer unconditional
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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.
PTT Synergy signs RM260m deal to develop, sell five Pontian warehouses
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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.
DPS Resources signs non-binding MoU for 89MW Melaka data centre
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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.
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.
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.
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.
Kerjaya Prospek wins RM223m Johor Bahru SOHO contract
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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.
Sunway REIT 2Q realised profit rises 10%
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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.
