News by Justin Lim

Advancencon Holdings Bhd is collaborating with the Perak State Development Corporation (PKNPk) to initiate a pilot project for the development of centralised labour quarters (CLQ) in Perak, with the aim of supporting the growth rate of the state’s industrialisation and economic development.

YLI said the two pieces of land have a combined size of 4.675 acres, both located in Seberang Perai Tengah.

The conglomerate recorded earnings per share of 2.8 sen during the quarter under review, compared with 1.38 sen per share previously.

The property, known as The Heritage Tower @ Mines Wellness City, has a gross floor area of 29,886 sq metres and a net lettable area of about 14,167 sq metres

YNH announced the disposal sum of RM270.5 million for 163 Retail Park shopping centre in Mont’Kiara, Kuala Lumpur; and RM152 million for Aeon Seri Manjung in Perak.

This is the REIT's second cash call in less than a year after it completed a private placement on Dec 20, 2021, which raised gross proceeds of RM334.72 million.

The kitchen cabinet manufacturer said the entitlement date will be determined later.

Sentral REIT's net property income for the third quarter ended Sept 30, 2022 (3QFY22) declined 12.5% to RM28.4 million, from RM32.47 million a year earlier.

CapitaLand Malaysia Trust (CLMT) is buying 91.8% of the total strata floor area of retail parcels in Penang's Queensbay Mall from parties related to CapitaLand Investment Ltd (CLI) for RM990.5 million in a related-party transaction.

Under the JVA, the development will be on a sharing basis of 83:17 between ABSB and KKMBPB, respectively.