News by Luqman Amin

Capital A Bhd is in talks with a major hotel chain to extend the AirAsia brand into the hospitality sector.

Gold Li Holdings Bhd, which mainly develops landed homes, has begun collecting applications for its initial public offering (IPO) on the ACE Market of Bursa Malaysia, seeking to raise up to RM19.5 million.

The investment is to be facilitated through its UOB Green Lane — a platform aimed at accelerating investment approvals and execution.

Plenitude Bhd (KL:PLENITU) has named Ng Yoon Thai as its new chief executive officer to lead the real estate firm that is involved in development, investment and hospitality.

PTT Synergy Group Bhd (KL:PTT) is aiming to double its existing capacity as the construction firm expands its logistic business with a new purpose-built warehouse in Elmina Business Park.

Property developer NCT Alliance Bhd (KL:NCT) has appointed Ong Chou Wen as its first chief executive officer.

Citaglobal Bhd (KL:CITAGLB) has secured a RM150 million contract from Malaysia’s Public Works Department (JKR) to design and build military family housing at a key naval base in Sabah.

Malaysia has stopped giving preferential rates for the withholding tax on dividends from real estate investment trusts (REITs) or property trust funds (PTFs), a government notice showed.

Under the arrangement, the banks have been appointed as joint lead coordinators to oversee the currency risk management framework linked to the ECRL’s loan obligations. 

As of February 2026, the project has achieved about 93% overall completion.