UEM Edgenta names Shaiful Zahrin Subhan as its new chief
Shaiful succeeds Syahrunizam Samsudin, who resigned at the end of August to take the helm of independent power producer Malakoff Corp Bhd.
Sunway taps S$600m term loan for MCL Land purchase
Sunway said the term loan facility will raise its gross borrowings to RM12.78 billion from RM10.91 billion as of end-December 2024, while net borrowings are expected to rise to RM8.45 billion from RM6.57 billion.
Glomac CEO: Data centre venture still on the cards, eyes earnings recovery
Glomac Bhd (KL:GLOMAC) has deferred its plan to venture into the data centre segment as the group has yet to secure a confirmed tenant to lease its land, said group managing director and CEO Datuk Seri FD Iskandar Mohamed Mansor.
Higher rental income lifts IGB REIT, IGB Commercial REIT’s 3Q property income
IGB Real Estate Investment Trust (KL:IGBREIT) and its sister trust, IGB Commercial REIT (KL:IGBCR), posted higher net property income (NPI) for the third quarter ended Sept 30, 2025 (3QFY2025), supported by stronger rental income.
Malaysian companies must transform to ‘avoid another lost decade’, says PNB’s Abdul Rahman
Abdul Rahman pointed out that the FBM KLCI’s total shareholder returns over the last 10 years were “anaemic” at below fixed deposit rates.
Genting to privatise Genting Malaysia in RM2.35-per-share buyout
The price tag is a premium of nearly 10% to Genting Malaysia's last price of RM2.14 last Friday before trading of the stock was suspended for the announcement.
Ivory Properties to be delisted on Oct 14 after Bursa rejects regularisation plan extension
Practice Note 17 (PN17) company Ivory Properties Group Bhd (KL:IVORY) will be delisted from the Main Market of Bursa Malaysia next Tuesday (Oct 14), after the stock exchange rejected its appeal for more time to submit a regularisation plan.
Tropicana continues debt reduction efforts with RM139m sukuk redemption
Tropicana Corp Bhd (KL:TROP) has redeemed another tranche of its sukuk wakalah worth RM139 million under its RM1.5 billion programme, which matured on Wednesday.
EPF ceases to be substantial shareholder in IOI Properties after selling 100 mil shares
The Employees Provident Fund (EPF) has ceased to be a substantial shareholder of IOI Properties Group Bhd (KL:IOIPG) after almost nine years, as it trimmed its stake in the counter which had risen to a one-month high in a rally.
Varia lodges RM3b sukuk programme with SC to fund capex, refinance debt
Varia Bhd (KL:VARIA) has lodged a sukuk murabahah programme of up to RM3 billion with the Securities Commission Malaysia.
