IJM Corp bags RM561m contracts to build data centres and industrial manufacturing facility
The first building is scheduled for completion in the third quarter of 2025 (3Q2025), while the second building is expected to be completed in 1Q2026.
Talam Transform to dispose of Sepang land to IJM as part of debt settlement
The deal involves the setting off of RM66 million of indebtedness, and a RM18 million interest waiver on the debt owed by Talam Transform to IJM Properties.
Goodyear seeking buyers for its Shah Alam factory
American tyre company Goodyear has put its factory in Shah Alam’s Section 15 up for sale, following its March decision to shut down its manufacturing facility in Malaysia as part of its cost restructuring efforts.
TCS bags RM130 mil related-party contract to build apartments in Kuala Langat
Building and infrastructure construction company TCS Group Holdings Bhd (KL:TCS) has secured a RM130.15 million contract to undertake the construction of serviced apartments in Selangor, in a related party transaction.
Ekovest agrees to six-month extension for merger discussion between subsidiary and Knusford
Ekovest Bhd (KL:EKOVEST) said it has agreed to a further extension of time to discuss a merger between its wholly owned subsidiary Ekovest Construction Sdn Bhd (ECSB) and Knusford Bhd (KL:KNUSFOR).
IGB REIT declares 2.56 sen distribution as NPI rises 6.5% in 2Q
IGB Real Estate Investment Trust’s (KL:IGBREIT) net property income (NPI) for the second quarter ended June 30, 2024 (2QFY2024) rose 6.5% to RM109.48 million from RM102.79 million a year ago, due to higher rental income.
UOA REIT 2Q net rental income falls 22% on higher operating expenses; declares 2.9 sen distribution per unit
UOA REIT (KL:UOAREIT), a trust which mainly manages commercial properties, saw its net rental income fall 22.06% to RM16.48 million in its second quarter ended June 30, 2024 (2QFY2024), from RM21.15 million a year ago, dragged by higher property operating expenses.
CapitaLand Malaysia Trust eyes more industrial, logistic assets in Johor
Capitaland Malaysia Trust (KL:CLMT) is eyeing more industrial and logistic assets in Johor, given the robust demand and positive economic sentiments there.
CapitaLand Malaysia Trust positive on outlook amid increased tourist spending, occupancy rates
CapitaLand Malaysia Trust (KL:CLMT) said it is positive on its earnings outlook for this year, supported by sustained domestic earnings, an uptick in tourist arrivals and better occupancy rates for its retail malls.
Axis REIT's NPI up 12.9%, declares 2.25 sen income distribution
Axis Real Estate Investment Trust's (KL:AXREIT) (Axis REIT) second quarter net property income (NPI) increased 12.86% to RM65.95 million from RM58.44 million a year ago, on the back of higher revenue.
