News by M

Mass Rapid Transit Corp Sdn Bhd (MRT Corp) is inviting local and foreign companies to participate in the tender for the Penang Light Rail Transit (LRT) Mutiara Line project, which the federal government has allocated RM10 billion for.

Low Yat Group (LYG) has launched a buyer-referral programme to reward current Amaya @ Acacia Park homeowners, allowing them to earn a 1% commission on the net selling price of any Amaya Series 2 home.

IJM Land Bhd’s Savvy serviced apartment development under the larger 16-acre (6.47-hectare) Riana Dutamas master plan in Segambut, Kuala Lumpur, has achieved a Qlassic score of 85%, according to a press statement on Monday.

Sime Darby Property Bhd (KL:SIMEPROP) said it has signed an agreement for a 20-year lease of data-centre facilities to Pearl Computing Malaysia Sdn Bhd for up to RM5.6 billion, beginning as early as 2027.

AME Elite Consortium Bhd (KL:AME) eked out a tiny gain in net profit thanks mostly to lower tax expenses, though the property developer is still confident of better finances this fiscal year.

LBS Bina Group Bhd (KL:LBS) said that it is unlikely for the group to meet its internal sales target of RM1.8 billion this year, due to deferred launches caused by a lengthy approval process.

IGB Commercial Real Estate Investment Trust (IGB Commercial REIT) (KL:IGBCR) is buying two office floors in Menara Southpoint of Mid Valley City from its sponsor and parent company, IGB Bhd (KL:IGB), for RM62.4 million cash. IGB holds 53.84% in IGB Commercial REIT.

IGB Bhd (KL:IGBB) has declared a dividend payout of 12 sen per share for FY2024 — comprising an interim dividend of seven sen and a special dividend of five sen — as its latest third quarter net profit jumped 27% from the corresponding quarter last year, driven by higher contributions from its retail, commercial and hotel segments.

Nextgreen Global Bhd (KL:NGGB) saw a more than fourfold increase in its net profit for the third quarter ended Sept 30, 2024 (3QFY2024), driven by strong performance in its manufacturing segment.

LBS Bina Bhd (KL:LBS) surged in early trade on Monday, after the group declared special dividends, subsequent to posting quarterly earnings which were boosted by a one-off disposal gain.