News by John Lai

Hektar Real Estate Investment Trust (KL:HEKTAR) plans to acquire and lease back an international school campus near Setapak in Kuala Lumpur for RM125 million, marking its latest push into the education asset segment to diversify beyond retail properties.

Lim Seong Hai Capital Bhd posted a 13.8% decline in second-quarter net profit, weighed by higher tax expenses and softer contributions from its property development segment as its flagship LSH Segar project nears completion.

Kerjaya Prospek Group Bhd (KL:KERJAYA) remains unfazed by a tougher construction environment and rising building material costs following the Middle East conflict, saying it is well-positioned to navigate the volatility due to its experience and disciplined pricing strategy.

Revenue slipped marginally to RM60.46 million from RM60.85 million in 4QFY2025, weighed by lower advertising and promotional income.

The construction group said the appellate court ruled it is entitled to its primary claim and reliefs sought, with the revised award subject to deductions for sums already recovered.

Gagasan Nadi Cergas Bhd (KL:NADIBHD) has secured an en bloc sale of all 523 affordable housing units at its Idaman Casuarina 1 condominium project to the Selangor Housing and Property Board (LPHS) for RM134.4 million.

Sunway failed to secure the conditional requirement of more than a 50% stake in IJM Corp, preventing it from moving forward with its takeover bid.

IJM Corp Bhd (KL:IJM) on Friday said any discussions Sunway Bhd (KL:SUNWAY) may have had with any of its shareholders prior to the announcement of Sunway's takeover bid were conducted without the knowledge or involvement of the IJM board or its management.

For investors who are weighing Sunway Bhd's (KL:SUNWAY) takeover bid for IJM Corp Bhd (KL:IJM) ahead of the April 6 deadline, a simple arithmetic comparison might be an alternative way to assess the offer.

Shangri-La said its subsidiary UBN Tower Sdn Bhd signed the tenancy agreements on March 30 with Kuok Brothers Sdn Bhd and PPB Group Bhd for a three-year term commencing April 1, 2026.