News by Adam Aziz

Sentral Real Estate Investment Trust (KL:SENTRAL), or Sentral REIT, posted a 30.29% increase in its net property income in the first quarter ended March 31, 2024 (1QFY2024) to RM38.15 million from RM29.28 million a year ago, on higher contribution from four of its key properties.

Johor property player KSL Holdings Bhd proposed to acquire 22 land parcels in Pulai measuring a total of 183.33 acres for RM211.58 million.

Chin Hin Group-linked Chiau Haw Loon and Chiau Haw Yew have emerged as the second largest shareholder of Ge-Shen Corp Bhd after acquiring a 18.31% stake in the company.

The government will soon open up bids for Malaysia’s fifth large-scale solar (LSS) photovoltaic programme, with a quota of up to 2GW of which a developer can bid for up to 500MW.

This is an additional scope of exemption to logistics services business-to-business (B2B) transactions, which previously only covered the same logistic services components.

UEM Sunrise Bhd is lifting its dividend payout to 40%-60% of net profit, from 20%-40% currently, as part of its dividend policy revision that was approved on Tuesday.

“ERL is allowed to impose market-driven fares which will benefit the public, the government and ERL."

A consortium between Citaglobal Bhd and Reneuco Bhd has secured a 30-year concession to supply electricity to the East Coast Rail Link (ECRL) from project owner Malaysia Rail Link Sdn Bhd (MRL).

Together, the settlement is expected to result in a net financial impact of RM15.2 million on the local-listed property player.

The related party transaction will see Sunsuria raise its stake in the property developer to 84%, from 51% currently.