KIP REIT acquires land in Gerik for RM14.8m
KIP Real Estate Investment Trust (KL:KIPREIT), which primarily invests in retail properties, is acquiring a 4,663-sq metre (100,416 sq feet) parcel of land in Gerik, Perak, for RM14.8 million, cash.
Yong Tai to defend itself in RM105m contract dispute, may countersue Kerjaya Prospek
Property developer Yong Tai Bhd (KL:YONGTAI) said it will defend itself against a lawsuit filed by construction firm Kerjaya Prospek Group Bhd (KL:KERJAYA) over an alleged unpaid contract dispute, and may also consider countersuing.
Glomac plans to raise up to RM3 bil via sukuk programme
Glomac Bhd (KL:GLOMAC) plans to raise up to RM3 billion through a sukuk wakalah programme to finance land acquisition, refinance debts and fund capital expenditure.
Lagenda Properties' 2Q net profit rises 46% on higher property development, construction performance
Quarterly revenue grew 25.2% to RM245.8 million from RM196.4 million in the previous year.
EcoFirst to acquire 4.5-acre land in Kajang for RM35m for mixed development
The development will include serviced apartments, small office home office, small office virtual office, and shop offices.
Higher contribution from plantation boosts KLK, Batu Kawan 3Q earnings
The increase was attributed to higher selling prices and sales volumes of crude palm oil and palm kernel, lower production costs, and a reduced fair value loss on unharvested fruit.
Encorp suspends group CEO to facilitate internal probe after MACC allegations
The company did not reveal the details of the allegations, but it confirmed that three of its officers were arrested by the MACC on August 8.
Kitacon bags RM111.23 mil contract to build factories in Klang
Kumpulan Kitacon Bhd (KL:KITACON) has secured a contract worth RM111.23 million for the construction of factories and industrial facilities in Klang, Selangor.
MK Land reaches settlement with tax authority, shrinking final bill by 85%
MK Land Holdings Bhd (KL:MKLAND) said on Thursday it has reached a settlement with the tax authority that would cut the additional bills and penalty imposed on its unit by nearly 85%.
BMI: Planned data centre sustainability framework may affect domestic competitive dynamics
The government's proposal to introduce regulations aimed at enforcing sustainability-linked standards for the domestic data centre market will see some of the data centres becoming non-compliant with the requirement, carrying implications for domestic competitive dynamics, according to Fitch Solutions company BMI.
