Sunway Bhd (KL:SUNWAY) said its unit Sunway Cochrane Sdn Bhd has proposed to establish a sukuk wakalah programme of up to RM2 billion to support its working capital and expansion plans.
Sunway Real Estate Investment Trust (KL:SUNREIT) has appointed Derek Teh Wan Wei as its new chief executive officer (CEO), effective Monday.
Tuju Setia Bhd (KL:TJSETIA) on Monday secured a construction contract from Sunway Bhd (KL:SUNWAY) worth RM420 million, nearly six times the company’s market capitalisation of RM62.73 million.
Kerjaya Prospek Group Bhd (KL:KERJAYA) said it is in discussions with the property arm of Retirement Fund Inc (KWAP) for a proposed industrial park development in Batu Kawan, Penang.
Property developer Eastern & Oriental Bhd (KL:E&O) said on Friday it would consider divesting its final UK asset, the 54-unit Lincoln Suites at Princes House near Covent Garden, at the right price.
Kuala Lumpur Kepong Bhd (KL:KLK) saw its fourth-quarter net profit soar 14-fold, boosted by stronger plantation and property results, despite notching RM123.7 million in non-cash losses from its UK chemicals investment, Synthomer plc, including a RM60 million impairment.
Kenanga IB said the transaction is “fair and reasonable” and is not detrimental to the interests of non-interested shareholders.
YNH Property Bhd (KL:YNH) said the deadline for its proposed disposal of a five-acre freehold land in Desa Sri Hartamas to Sunway Bhd (KL:SUNWAY) for RM170 million has been further extended to mid-June 2026.
Kerjaya Prospek Group Bhd (KL:KERJAYA) has secured a RM56.4 million construction contract from the Penang Chief Minister’s Department.
Construction firm Taghill Holdings Bhd (KL:TAGHILL) said two of its wholly owned subsidiaries, which are not major contributors, have filed applications for a judicial management order to address their financial position and cash flow constraints.
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