Knusford sells commercial plot in Semenyih for RM12m
Knusford Bhd is disposing of a freehold property in Semenyih for RM11.9 million cash, proceeds of which will be used for working capital.
PTT Synergy to buy construction firm from directors for RM152 mil
PTT Synergy Group Bhd (formerly Grand Hoover Bhd) is acquiring construction firm Pembinaan Tetap Teguh Sdn Bhd (PTTSB) from its major shareholders and directors for RM152 million, to grow its construction business.
Vizione revokes agreement for RM38 mil acquisition of property firm from MD
Vizione Holdings Bhd has revoked its agreement to acquire property development company Midlands City Sdn Bhd for RM38 million from its managing director and others.
Banks to use standardised key provisions for housing loan agreements regardless of loan amount — ABM
The Association of Banks in Malaysia (ABM) said its bank members will expand the usage of standardised key provisions for housing loan agreements to individuals regardless of the loan amount by April 1.
Damansara Holdings unit fails in bid for leave to seek judicial review against IRB
Damansara Holdings Bhd's wholly owned subsidiary Damansara Realty (Johor) Sdn Bhd (DRJ) has failed in its bid for leave to seek a judicial review against the Director General of Inland Revenue’s (DGIR) decision in relation to an additional assessment, with costs of RM5,000 to be paid by DRJ to the Inland Revenue Board (IRB).
LSH Capital shareholders pave way for diversification into property development
Shareholders of LEAP Market-listed Lim Seong Hai Capital Bhd (LSH Capital) have paved the way for the construction-related products and service provider to transform into a full-fledged construction and construction-related services and solutions provider.
E&O to buy out partner for RM47 mil to fully-own Seri Tanjung Pinang concession
Eastern & Oriental Bhd (E&O) has proposed to pay RM46.95 million to purchase the remaining 40% equity interest in E&O-PDC Holdings Sdn Bhd from Penang Development Corporation (PDC), to enable E&O to wholly own the Seri Tanjung Pinang reclamation and development concession.
Chin Hin to utilise RM50,000 gain on disposal of Hextar’s shares as working capital
Chin Hin Group Bhd said the disposal gain of RM50,000, after acquiring and disposing of Hextar Industries Bhd’s (HIB) shares, will be utilised as working capital.
BNM: Household debt continued to be driven by residential loans, debt servicing capability remained sound in 2022
Household debt expanded at a faster pace of 5.5% in 2022, driven by housing loans, pointing to sustained demand for house purchases spurred by measures to encourage homeownership.
BNM standardises housing loan and home financing agreement for retail borrowers, says AIBIM
Bank Negara Malaysia (BNM) has introduced a standardised housing loan and home financing agreement for retail customers to help consumers understand and compare key terms and conditions in such documents more easily, said the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM).
