News by Luqman Amin

Shares of S P Setia Bhd (KL:SPSETIA) soared to their highest in nearly six years after the property developer reported a 39% year-on-year gain in net profit for the first quarter of the year.

Solarvest Holdings Bhd (KL:SLVEST) said on Thursday that it has secured a contract worth RM40.40 million to install rooftop solar photovoltaic systems.

Presently, the funds under AHB are managed by Maybank AB while its sponsor is PHB and its trustee is AmanahRaya Trustees Bhd.

JAKS Resources Bhd's unit has signed a memorandum of understanding (MOU) with China-based CALB Group Co Ltd to explore opportunities in the battery energy storage system (BESS) market, with a particular focus on the Southeast Asia region.

Eden Inc Bhd’s major shareholder Tan Sri Abd Rahim Mohamad is proposing to settle a RM45.65 million debt his company owes Eden by transferring the ownership of a 2.4 million sq ft (about 55 acres) leasehold land to the listed entity.

Construction outfit Fajarbaru Builder Group Bhd has bagged a RM252.26 million contract from WCT Holdings Bhd to undertake Phase 1 of a two-phase development of two blocks of serviced apartments in Johor Bahru.

AME Real Estate Investment Trust (AME REIT) recorded a 11.9% growth in net property income (NPI) in the fourth quarter ended March 31, 2024 (4QFY2024) to RM11.4 million, from the previous corresponding quarter, driven by a 15.9% increase in rental income.

IGB Real Estate Investment Trust (IGB REIT) reported on Wednesday, a 4.79% jump in its first-quarter net property income (NPI) from a year earlier, thanks largely to higher rental income.

AIMS Group, the data centre arm of TIME dotCom Bhd, said it would start construction of AIMS Cyberjaya Block 3, with work to be completed by the second quarter of 2025 following completion of AIMS Cyberjaya Block 2.

However, Tabung Haji executive director group finance Mustakim Mohamad said he could not disclose which specific assets will be returned or when the process of returning those assets will begin.