News by Sufi Muhamad

RHB Research is still upbeat on industrial real estate investment trusts (REITs), as the demand and supply dynamics in the sector remain in favour of landlords, despite acquisitions declining after a sharp rise in valuations during the Covid-19 pandemic, which had compressed yields.

Real Estate and Housing Developers Association (Rehda) chairman Datuk Jeffrey Ng Tiong Lip was appointed as non-executive independent director of Capitaland Malaysia Trust with effect from Oct 1.

Tanco Holdings Bhd has entered into a joint venture (JV) agreement with Accession Development Sdn Bhd to develop a residential project in Pekan Puchong Perdana, Petaling, Selangor.

Kenanga Research kept its “overweight” call on the building material sector after industry players logged slightly improved earnings for the second quarter of 2023 (2QCY2023).

Ecofirst Consolidated Bhd announced Datuk Teoh Seng Kian as its executive director and said he has ceased to be its alternate director, effective today (Sept 14).

HHRG Bhd — formerly known as Heng Huat Resources Group Bhd — has entered into an agreement with several shareholders of Kulim Property Sdn Bhd (KPSB) to acquire KPSB’s entire equity of 1.18 million shares for RM4.5 million.

Eastern & Oriental Bhd (E&O) saw its executive chairman and executive director increase their stake in the group with the conversion of irredeemable convertible unsecured loan stocks (ICULS) to ordinary shares.

Property developer Sunsuria Bhd saw its share price closing at a three-month high after active trading on Thursday (Aug 10) on Bursa Malaysia.

Property developer Sunsuria Bhd saw its share price went up by 15.96% and was actively traded on Thursday's (Aug 10) morning session on Bursa Malaysia.

It was responding to a Bloomberg report on Aug 2, quoting people with knowledge of the matter, that KLCCP, along with China Investment Corp, are among potential bidders for a stake in the office tower.