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Mycron seeks shareholders’ nod for RM30m Shah Alam factory purchase from parent

Mycron seeks shareholders’ nod for RM30m Shah Alam factory purchase from parent

news

Updated:
  • Mycron Steel Bhd seeks approval to acquire a Shah Alam property from its major shareholder.
  • RM30 mil purchase is for a 5.33-acre leasehold industrial property currently rented by Mycron's subsidiary.
  • This acquisition aims to provide long-term operational certainty and cost savings for Mycron.
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Hektar REIT seeks unitholders’ nod for RM125m KYS KL East school leasehold acquisition

Hektar REIT seeks unitholders’ nod for RM125m KYS KL East school leasehold acquisition

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Updated:
  • Hektar REIT seeks approval to acquire KYS College's leasehold interest for RM125 mil.
  • The deal includes existing school buildings and a new one to be constructed.
  • This acquisition is expected to impact earnings and distributions initially, but improve long-term.
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E&O 1Q net profit rises 28% as property revenue surges

E&O 1Q net profit rises 28% as property revenue surges

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Updated:
  • E&O's 1QFY2027 net profit rose 27.9% to RM58.11 mil due to property development.
  • Revenue increased 53.4% to RM281.47 mil, driven by strong property sales.
  • The company is cautiously optimistic, with new projects and hospital plans underway.
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AZRB hit with fresh winding-up petition over RM408,000 debt

AZRB hit with fresh winding-up petition over RM408,000 debt

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Updated:
  • Ahmad Zaki Resources Bhd faces a new winding-up petition for RM407,753 in unpaid bills.
  • This adds to several recent petitions against the company for outstanding payments.
  • Despite this, the company expects no significant financial impact and is negotiating a resolution.
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Architects of the future: building Malaysia’s next generation of semiconductor talent

Architects of the future: building Malaysia’s next generation of semiconductor talent

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Updated:
  • Malaysia's 1Q2026 investments were strong, with RM92.8 bil approved and 50,000 new jobs.
  • The focus is shifting from investment figures to high-skilled talent development.
  • This includes engineers and IC designers, crucial for future industry growth.
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Do auction buyers inherit sellers’ strata arrears?

Do auction buyers inherit sellers’ strata arrears?

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Updated:
  • Auction purchasers are not liable for prior owners' unpaid maintenance fees in specific judicial sales.
  • This applies when the sale is court-supervised, not a voluntary transfer.
  • Buyers must still perform due diligence for all auction types.
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Spotting locations for expansion: MyNews combines market survey with data analytics

Spotting locations for expansion: MyNews combines market survey with data analytics

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Updated:
  • MyNews, Malaysia's largest homegrown convenience store chain, uses a hybrid approach for expansion.
  • They combine data analytics with on-the-ground assessments to select new store locations.
  • This strategy helps them adapt to changing consumer habits and urban development patterns.
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Growing price, performance gap prompt existential dilemma for ageing office buildings

Growing price, performance gap prompt existential dilemma for ageing office buildings

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Updated:
  • Kuala Lumpur's office market faces a growing divide between modern, sustainable towers and ageing blocks.
  • Newer buildings offer better amenities, technology, and employee experience, attracting tenants.
  • Older offices struggle with demand, occupancy, and asset values.
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Exsim Hospitality's full year profit doubles as hospitality management, fit-out revenues jump

Exsim Hospitality's full year profit doubles as hospitality management, fit-out revenues jump

news

Updated:
  • Exsim Hospitality Bhd's net profit more than doubled in FY2026 to RM40.75 mil.
  • This growth was driven by its expanding fit-out and hospitality management businesses.
  • The company secured new contracts, boosting its order book to RM495.09 mil.
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Vestland’s 2Q net profit rises 12% on higher design-and-build revenue

Vestland’s 2Q net profit rises 12% on higher design-and-build revenue

news

Updated:
  • Vestland Bhd's 2QFY2026 net profit rose 11.8% to RM11.95 mil, driven by design-and-build revenue.
  • Revenue increased 17.4% to RM250.24 mil, with design-and-build accounting for 79.8%.
  • The company maintains a strong RM1.3 bil order book, ensuring future earnings visibility.
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Mycron seeks shareholders’ nod for RM30m Shah Alam factory purchase from parent