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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.
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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

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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.
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Pricing properties too high may hamper financing approval for developers

Pricing properties too high may hamper financing approval for developers

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

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

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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.
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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

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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.
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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.
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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.
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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.
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