News by John Lai

Chin Hin Group Bhd (KL:CHINHIN) is disposing of its subsidiary Metex Steel Sdn Bhd, which specialises in steel welded mesh and wire products, for RM70 million. The all-cash transaction is expected to yield a gain of RM6.1 million for the group.

Avillion Bhd (KL:AVI) on Thursday said it external auditor has flagged uncertainty over the hotel operator's ability to continue as a going concern in the group’s audited financial statements for the year ended March 31, 2025 (FY2025).

Tycoon Tan Sri Quek Leng Chan is no longer a substantial unitholder of AME Real Estate Investment Trust (KL:AMEREIT) following the disposal of 5.5 million units, equivalent to a 1.04% stake, by his investment vehicle Hong Leong Assurance Bhd (HLA).

Axis Real Estate Investment Trust (KL:AXREIT) said it plans to distribute the net gain on disposal of The Annex of RM8.8 million to unitholders over three quarters.

The contract, initially awarded in October 2024, pertained to Phase 1B of Sabah’s Pan Borneo Highway,

Kedah-based property developer Oriental Interest Bhd (KL:OIB) reported its highest-ever quarterly net profit of RM45.48 million for the third quarter ended May 31, 2025 (3QFY2025), driven by record revenue of RM305.25 million.

Country Heights Holdings Bhd (KL:CHHB) said the group has been served with a winding-up petition by the Inland Revenue Board over RM312,560 in unpaid taxes.

UOA Real Estate Investment Trust (KL:UOAREIT), which mainly manages commercial properties, saw its net rental income increase 8.9% to RM17.96 million for the second quarter ended June 30, 2025 (2QFY2025), compared with RM16.48 million a year ago, driven by improved occupancies.

TT Vision Holdings Bhd (KL:TTVHB) entered into an agreement with the Penang Development Corporation (PDC) on Wednesday to lease a 3.6-acre industrial plot in the Bayan Lepas Industrial Park.

Sentoria Group Bhd (KL:SNTORIA) has reached a settlement with its former CEO, Datuk Loh Yuen Tuck, in the Industrial Court.