News by Emir Zainul

Pipe manufacturer YLI Holdings Bhd (KL:YLI) is disposing of a piece of industrial land in Prai, Penang, together with a factory building, for RM18 million cash, to strengthen its working capital and reduce borrowings.

HCK Capital Group Bhd (KL:HCK) said it had entered into a joint-venture deal with a landowner to undertake a property development in Cheras with an estimated gross development value of RM600 million.

Sunway Construction Group Bhd (KL:SUNCON) is divesting its entire 40% stake in Engie-Sunway DCS Sdn Bhd to Sunway Bhd’s (KL:SUNWAY) facilities management arm, Sunway Property & Facility Management Sdn Bhd (SPFM), for RM10.98 million cash.

Sunway Bhd’s (KL:SUNWAY) fully-owned subsidiary, Sunway Iskandar Development Sdn Bhd (SIDSB), has set up a perpetual medium-term note (MTN) programme of up to RM2 billion to fund its flagship Johor township project.

Fire protection solutions provider Unique Fire Holdings Bhd (KL:UNIQUE), which recently transferred to the Main Market of Bursa Malaysia, is acquiring a land parcel measuring 4,926 square metres in Shah Alam for RM15.54 million, to support its long-term expansion plans.

DXN Holdings Bhd (KL:DXN), a multi-level marketing company specialising in health and wellness products, is buying an apartment in Dubai's iconic Burj Khalifa for 6.4 million dhirhams (RM7.37 million), cash.

BNM will maintain the overnight policy rate at 2.75% at its second-last meeting of the year, according to 22 of 24 economists polled by Bloomberg.

Inta Bina Group Bhd (KL:INTA) clinched a RM67.79 million contract on Thursday to undertake the construction of houses in Cyberjaya.

KLCCP Stapled Group (KL:KLCC) said its second quarter net profit rose 4.9% to RM200.45 million from RM191.06 million a year earlier, supported by higher contributions from the retail and hotel segments.

The Malaysian Bar has urged the government to defer the second reading of the Urban Renewal Bill 2025 (URA Bill), joining a growing chorus of critics warning that the proposed law could undermine homeowners’ rights and displace vulnerable communities.