News by JUSTIN LIM

Genting Malaysia Bhd’s (KL:GENM) proposed US$41 million (RM175.5 million) acquisition to gain full control of the loss-making Empire Resorts Inc from Genting group's founding Lim family has come under the scrutiny of Bursa Malaysia Securities Bhd.

Pavilion Real Estate Investment Trust (KL:PAVREIT) has received its unitholders’ approval to acquire two hospitality assets, namely Banyan Tree Kuala Lumpur (BTKL) and Pavilion Hotel Kuala Lumpur (PHKL), for RM480 million.

Kumpulan Jetson Bhd (KL:JETSON) has received a writ of summons from three minority shareholders who are seeking a court order to void a requisition notice dated April 23, 2025, and to halt any corporate action based on it.

Genting Malaysia Bhd (KL:GENM) is going to gain full control of loss-making Empire Resorts Inc in a US$41 million (RM177 million) deal from the Lim family's Kien Huat Realty III Ltd, by acquiring the remaining 51% stake in Genting Empire Resorts LLC (GERL) that it does not own. It currently holds 49% interest in GERL, which owns Empire Resorts.

Builder Tuju Setia Bhd (KL:TJSETIA) has bagged a contract worth RM264.07 million for the construction of serviced apartments in Cheras, Selangor.

YNH Property Bhd (KL:YNHPROP) said the independent review of its joint venture (JV) and turnkey contracts is now expected to be ready by April 9.

Following Bank Negara Malaysia’s (BNM) decision to maintain the overnight policy rate (OPR) at 3% on Thursday, economists project that the interest rate will remain unchanged for the rest of the year.

Bank Negara Malaysia (BNM) on Thursday kept the benchmark interest rate unchanged, as widely expected, amid its outlook for sustained economic growth and manageable inflation.

AEON Co (M) Bhd (KL:AEON) announced on Wednesday that its Aeon Mall Kinta City in Perak will be expanded and upgraded in a bid to enhance its retail offerings.

Kerjaya Prospek Property Bhd (KL:KPPROP) has proposed a renounceable rights issue of redeemable convertible unsecured loan stocks (RCULS) to raise up to RM324.88 million, mainly to fund property development projects and repay bank borrowings.