Curated stories and property intelligence, delivered your way.
Curated stories and property intelligence, delivered your way. Get free newspaper
Whitmore continues buying MKH, MKH Oil Palm shares below offer prices

Whitmore continues buying MKH, MKH Oil Palm shares below offer prices

news

Updated:
  • Batu Kawan's unit, Whitmore, bought more MKH and MKHOP shares below offer prices.
  • Whitmore is making mandatory takeover offers for both companies.
  • Advisers gave mixed recommendations on the offers to shareholders.
Read More
Village Grocer to open at Mah Sing’s M Legasi by end-2029

Village Grocer to open at Mah Sing’s M Legasi by end-2029

news

Updated:
  • Village Grocer will open a new outlet in Mah Sing's M Legasi township by late 2029.
  • The 19,000 sq ft store will be an anchor tenant for the 500-acre development.
  • This opening aligns with the township's growing residential population.
Read More
Pricing properties too high may hamper financing approval for developers

Pricing properties too high may hamper financing approval for developers

news

Updated:
  • High selling prices can hinder developer financing approvals.
  • This was highlighted during the Real Estate and Housing Developers' Association Institute conference.
  • Regulatory compliance and accurate documentation are crucial for smooth financing.
Read More
PDC invites proposals for 15.8-acre Batu Kawan commercial land at RM75 psf

PDC invites proposals for 15.8-acre Batu Kawan commercial land at RM75 psf

news

Updated:
  • PDC invites proposals for 15.81 acres of commercial land in Penang.
  • The reserve price is RM75 psf, totaling RM51.64 mil.
  • Proposals need to detail price, payment, development plans, and company profile.
Read More
IOI Properties’ proposed REIT manager gets SC licence, executes deed

IOI Properties’ proposed REIT manager gets SC licence, executes deed

news

Updated:
  • IOI Properties Group Bhd is closer to listing its RM7.58 bil REIT.
  • Its REIT manager secured a fund-management licence from the Securities Commission Malaysia.
  • The REIT will acquire nine properties from IOIPG for RM7.578 bil.
Read More
EI Power to buy Glenmarie factory for RM17.2m as new headquarters

EI Power to buy Glenmarie factory for RM17.2m as new headquarters

news

Updated:
  • EI Power Bhd will acquire a factory in Glenmarie, Shah Alam, for RM17.2 mil.
  • This purchase establishes a permanent headquarters and warehouse, reducing reliance on rented spaces.
  • The acquisition will be funded by IPO proceeds and internal funds, with renovations planned.
Read More
MACC says no Johor state officials or agencies linked to RM1.6m housing-lot probe

MACC says no Johor state officials or agencies linked to RM1.6m housing-lot probe

news

Updated:
  • MACC clarifies no Johor officials are linked to a Felda Tenggaroh 2 housing probe.
  • A committee chairman was detained for allegedly soliciting RM1.6 mil.
  • MACC urges no speculation and promises a transparent investigation.
Read More
Scientex 4Q net profit rises 29.5% on stronger property, packaging contributions

Scientex 4Q net profit rises 29.5% on stronger property, packaging contributions

news

Updated:
  • Scientex Bhd's 4Q net profit rose 29.5% to RM199.92 mil, driven by property and packaging.
  • Revenue increased 17.7% to RM1.40 bil for the quarter.
  • Full-year net profit grew 16.8% to RM620.17 mil, with a 6 sen dividend.
Read More
Hektar REIT appoints Jamil Bidin as chairman

Hektar REIT appoints Jamil Bidin as chairman

news

Updated:
  • Datuk Seri Jamil Bidin is the new chairman of Hektar REIT.
  • He brings extensive experience from various leadership roles.
  • Jamil's appointment fills a vacancy since 2023.
Read More
AZRB redesignates Wan Zakariah as chairman

AZRB redesignates Wan Zakariah as chairman

news

Updated:
  • Ahmad Zaki Resources Bhd (AZRB) named Datuk Seri Wan Zakariah Wan Muda as its new chairman.
  • He owns a 0.8% stake in the company.
  • This follows the resignation of Tan Sri Dr Madinah Mohamad.
Read More
Bites