News by Izzul Ikram

Sime Darby Property Bhd (KL:SIMEPROP) reported that its first quarter net profit doubled year-on-year, as the property developer saw its quarterly revenue hit a record high on higher sales and successful project executions.

The share disposal slashed Tan’s total stake in Binastra to 57.3%.

The number of foreign workers in the country should not exceed 15% of the 17.1 million labour force projected by the Ministry of Economy. 

GCH Retail (M) Sdn Bhd, the operator of Giant hypermarkets, said the courts are still deciding on the company’s tenancy dispute with its landlord over premises it is currently occupying in Batu Caves.

Presently, the funds under AHB are managed by Maybank AB while its sponsor is PHB and its trustee is AmanahRaya Trustees Bhd.

Ho Hup Construction Co Bhd’s RM1 billion mixed development project in Bukit Jalil will be suspended as it plans to sell the project's 3.09-acre land for RM110 million cash.

KIP Real Estate Investment Trust (KIP REIT), a trust which mainly manages retail and industrial properties, said its net property income (NPI) for the third quarter rose 10.1% from a year ago, mainly due to stronger performance from its retail properties.

Malaysia Building Society Bhd (MBSB) has recommended a final dividend of 3.5 sen for the financial year ended Dec 31, 2023 (FY2023).

AmFirst REIT, a trust which mainly manages office buildings, said on Thursday its fourth quarter net property income fell 7.82% from a year earlier mainly due to higher property expenses.

Chin Hin Group Bhd has acquired an additional 3.39% stake in Chin Hin Group Property Bhd (CHGP) for RM29.26 million, increasing the group’s stake in its listed property and construction arm to 57.13% from 53.74% previously.