Shares of CapitaLand Malaysia Trust (CLMT) surged on Thursday to its highest in nearly four years while analysts remained upbeat following better-than-expected first-quarter (1Q) results.
CapitaLand Malaysia Trust (CLMT) reported a 63% in its first quarter net property income to RM63.98 million from RM39.24 million a year ago, driven by full quarter revenue contribution from Queensbay Mall, higher occupancies and positive rental reversions.
OCR Group Bhd on Wednesday entered into a deal with a landowner to jointly develop a residential project on 18.37 acres (7.43 hectares) of freehold land in Templer, Rawang, with an estimated gross development value of RM313 million.
Gadang Holdings Bhd said it will appeal to the Economic Planning Unit (EPU) for a waiver of the Bumiputera equity requirement to facilitate its acquisition of a 21.08-acre land in Kwasa Damansara.
ITMAX is a smart city integrated systems and solutions provider while JLG is in the estate and infrastructure business.
The agreement aims to advance solar adoption by pooling the collective expertise, resources and technology to facilitate the purchase and sale of Huawei Digital Power-Smart Photovoltaic solutions.
Iconic Worldwide Bhd has raised a total of RM95.6 million through its rights issue exercise with free warrants, which was oversubscribed.
Additionally, the group's cash reserves are low for both entities, with the group's bank overdraft exceeding its credit limit, and a significant portion of the group's inventory is encumbered by a private caveat, complicating its disposal.
The initial contract, valued at an estimated RM120 million, was awarded to SCIB Properties back in May 2021.
The letter of award was from Eco Ardence Sdn Bhd to undertake the main building works for the proposed Maya Integrated Development.
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