News by Syafiqah Salim

IGB Bhd (KL:IGBB) reported a 51.94% decline in net profit to RM89.07 million for the first quarter ended March 31, 2025 (1QFY2025), compared to RM185.34 million in the same period last year.

Malaysia’s property transaction value fell 8.9% in the first quarter of 2025 (1Q2025) to RM51.42 billion, compared to RM56.47 billion a year earlier, according to the latest data from the National Property Information Centre (Napic).

Kumpulan Jetson Bhd (KL:JETSON) announced on Wednesday that its shareholders’ requisition dated April 23, 2025 to convene an extraordinary general meeting (EGM) will be put on hold, pending the outcome of a legal suit filed by three minority shareholders challenging the validity of the notice.

Property developer S P Setia Bhd (KL:SPSETIA) announced on Tuesday it has lodged the necessary documents with the Securities Commission Malaysia to set up sukuk wakalah and Islamic commercial paper (ICP) programmes with a combined limit of up to RM4 billion.

Sime Darby Property Bhd has raised RM800 million in its third sukuk (Islamic bond) sale under a RM4.5 billion programme.

Currently, there are no acquisitions on the table, said its CEO Datuk Mohd Salem Kailany, who was appointed to the board in November last year.

Shares of Bina Puri Holdings Bhd (KL:BPURI) fell to an 18-month low, after The Edge reported that the stock and its Warrant B were affected by a major hacking incident.

Hextar Technologies Solutions Bhd (KL:HEXTECH) is set to emerge as the largest shareholder in Widad Group Bhd (KL:WIDAD), with a 23.03% stake, following a land injection deal in Negeri Sembilan.

WCT Holdings Bhd (KL:WCT) said its shareholders have approved the proposal to list the Paradigm Real Estate Investment Trust (Paradigm REIT) on the Bursa Malaysia Main Market at Wednesday’s extraordinary general meeting (EGM).

Kerjaya Prospek Group Bhd (KL:KERJAYA) has secured a RM51.03 million contract for piling and earthworks at a service apartment project in Andaman Island, Penang, in a related party transaction (RPT).