News by Navineshkumar Selvakumar

Sunway Healthcare Holdings Bhd (KL:SUNMED) is acquiring four parcels of freehold land measuring 9.918 acres in Sunway City Iskandar Puteri for RM45.37 million as it moves ahead with its Johor expansion.

Bursa Malaysia Securities has publicly reprimanded Meridian Bhd (KL:MERIDIAN) and its executive director Tang Boon Koon over the Practice Note 17 (PN17) company's failure to issue its annual reports on time.

Pavilion Real Estate Investment Trust (KL:PAVREIT) saw its net property income (NPI) in the second quarter rise 11.1% from a year earlier, driven by higher rental income from its hotel assets and lower electricity expenses.

PRG Holdings Bhd (KL:PRG) has appointed PKF Covenant Equity Consulting Sdn Bhd (PKF) to conduct an independent review of the transactions between the group’s construction unit Premier Construction International Sdn Bhd (PCI), and Premier De Muara Sdn Bhd (PDM).

Sime Darby Property Bhd's (KL:SIMEPROP) new venture fund should generate at least RM62 million in annual attributable net profit from the second half of 2027, according to Hong Leong Investment Bank.

Property developer Yong Tai Bhd (KL:YONGTAI) has applied for a fourth six-month extension to submit its draft circular for the proposed RM160 million sale of Courtyard by Marriott Melaka, nearly two years after the deal was announced.

Kerjaya Prospek Group Bhd (KL:KERJAYA) has secured two contracts worth RM102.6 million for construction works at Andaman Island, Penang, expanding its outstanding order book to RM4.4 billion.

Paramount Corporation Bhd (KL:PARAMON) said it has so far issued RM190 million under its RM500 million perpetual securities programme.

KPS Consortium Bhd (KL:KPSCB), which is mainly engaged in the manufacture of tissue-related products, has proposed to acquire three freehold properties in Rawang for RM45.4 million, for investment purposes.

Property developer Pasdec Holdings Bhd (KL:PASDEC) has promoted its vice-president of property and strategy development, Mohammad Ikhwan Mustapa Al Bakri, to chief executive officer, effective today.