News by M

Building and infrastructure construction services provider TCS Group Holdings Bhd (KL:TCS) saw the emergence of a new substantial shareholder.

AmanahRaya Real Estate Investment Trust (AmanahRaya REIT) has terminated its plan to sell the Contraves building in Cyberjaya due to a failed condition precedent, but is simultaneously pursuing the acquisition of a sustainable asset to boost its distribution per unit (DPU).

Sarawak Consolidated Industries Bhd (KL:SCIB) on Friday said that the project developer for the now-scrapped civil servants housing project in Perak has disagreed with the repayment terms, and denied the outstanding debt it owed to the Main Market-listed company.

Bina Puri Holdings Bhd (KL:BPURI), its subsidiary Bina Puri Properties Sdn Bhd and its director Tan Sri Tee Hock Seng has been slapped with a RM28.1 million lawsuit by housing developer Wisma Majujaya Sdn Bhd for not abiding with a joint venture agreement (JVA) to develop a project in Johor Bahru, called “Puri Residence”.

Taghill Holdings Bhd (KL:TAGHILL), formerly known as Siab Holdings Bhd, has secured a RM152 million construction job in Kuantan, Pahang.

Packaging manufacturer and developer Scientex Bhd (KL:SCIENTX) on Friday said it is acquiring 528.49 acres of land in Paya Rumput, Melaka for RM333.8 million cash (RM14.50 per sq ft) from Genting Plantations Bhd (KL:GENP).

Malaysian Resources Corporation Bhd (KL:MRCB) will have a long road ahead in gestating the development of the newly secured Ipoh Sentral project that will span 20 years in phases, analysts said.

After spending RM719.4 million to acquire eight new assets in 2024, Axis Real Estate Investment Trust (Axis REIT) (KL:AXREIT) said it will continue to aggressively source potential acquisition targets, particularly industrial properties.

The Malaysian government's initiative to establish family offices is positioning Malaysia advantageously, said an expert in the CEO Series 2025  Economy & Business Forum.

TH Properties Sdn Bhd (TH Properties) and Affin Bank Bhd (AFFIN BANK) have entered into a strategic partnership to empower women and younger individuals by offering AFFIN’s flexible and innovative financing solutions to potential homeowners of TH Properties’ homes.