After taking full control of its struggling US unit Empire Resorts Inc, Genting Malaysia Bhd (KL:GENM) is launching a major restructuring with a RM2.2 billion asset sale, land purchase and full bond repayment to address earnings pressure.
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Datuk Zaini Yusoff will be taking the posts of president and CEO as Datuk Choong Kai Wai will be retiring from S P Setia on Sept 30, 2025.
Worldwide Holdings Bhd (WHB) has introduced a 120% home financing package with RHB Bank Bhd that allows buyers to cover renovation and furnishing costs on top of standard housing loans.
Noteworthy:
When: June 2025
Chin Hin Group Property Bhd (KL:CHGP) said it will divest its commercial vehicle and bodyworks operations by selling its entire stakes in four subsidiaries for RM74 million.
Marriott Executive Apartments has opened its largest property in the Asia-Pacific outside China, offering 353 serviced units in the heart of Kuala Lumpur near the KLCC Park.
Property developer I-Bhd (KL:IBHD) more than doubled its net profit in the second quarter ended June 30, 2025 (2QFY2025), driven by stronger contributions across all business segments, namely leisure and hospitality, property development, and property investment.
US-based chipmaker AMD has expanded its operations in Malaysia by opening a new office and engineering lab in Bayan Lepas, Penang, on Thursday.
Sime Darby Property Bhd’s The Reya, located in KL East, has previewed Phase 1 and saw a take-up rate of 80% during the event.
JLand Group (JLG), the real estate and infrastructure arm of Johor Corporation (JCorp), has signed a three-year collaboration with China’s ZGC International Holding Ltd to position Johor as a regional hub for innovation and high-tech investment.
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