News by Emir Zainul

Paramount Corp Bhd (KL:PARAMON) is accelerating its land replenishment drive with plans to secure land with gross development value (GDV) potential of up to RM6 billion by year end, as the property developer seeks to sustain its pipeline while keeping to its core markets in the Klang Valley, Penang and Kedah

Eastern & Oriental Bhd (KL:E&O) is pitching its Andaman Island as the site of the proposed RM10 billion Penang International Financial Centre.

Kerjaya Prospek Group Bhd (KL:KERJAYA) said it is eyeing new land acquisitions to bolster its property development pipeline, while also exploring opportunities in industrial park projects.

A coalition of more than 80 residents associations in Klang Valley is rejecting the Urban Renewal Act 2025 and calling on the government to withdraw the legislation.

Engineering and construction outfit George Kent (Malaysia) Bhd (KL:GKENT) slipped into the red in the first financial quarter ended June 30, 2025 (1QFY2026), with a net loss of RM8.10 million compared with a net profit of RM236,000 a year ago.

Axis Real Estate Investment Trust (Axis REIT) (KL:AXREIT) has completed its maiden issuance of RM300 million senior Islamic medium-term notes under its RM3 billion sukuk programme.

Tanco Holdings Bhd (KL:TANCO) has entered into a supplemental agreement with Menteri Besar Negeri Sembilan (Inc) (MBINS) to formalise the acquisition structure and financing arrangements for the Port Dickson Free Zone (PDFZ).

Idros, 53, brings with him nearly three decades of experience in strategic investment and real estate, primarily at PNB.

NexG Bhd (KL:NEXG), formerly known as Datasonic Group Bhd, is buying an industrial property in Petaling Jaya for RM28.5 million to boost production and efficiency for current and future projects. The move aims to bring research, design, and production under one roof, improving cost efficiency, quality control, and output.

Ahmad Zaki Resources Bhd (KL:AZRB) said on Wednesday that one of its subsidiaries has been served with a winding-up petition by Giga Engineering & Construction Sdn Bhd over an alleged unpaid sum of RM5.86 million.