News by TheEdgeMarkets.com

In a Bursa Malaysia filing on Friday, the REIT said Amirsham, 71, will be replacing Tan Sri Ahmad Mohd Don, who is retiring from the position after helming the company since October 2016.

The achievement comes as home seeker and international investor interest rise with the reopening of economic sectors and borders, pointing the way to brighter prospects for property in the year ahead.

Jentayu Sustainables had on Thursday (April 7) entered into a conditional Sale and Purchase Agreement (SPA) with Beacon ACM Sdn Bhd for the disposal of the property, according to its bourse filing on Friday.

Under the deal, MPSB will construct the building which will be able to accommodate 94 beds of single rooms with a minimum of 300 parking bays under Phase 1 of the project.

According to the press statement, the 10,000 affordable houses include Idaman Bukit Jelutong (launched on Thursday), Idaman Elmina West (upcoming launch), as well as other ongoing projects such as Rumah Selangorku housing project in Serendah, two high-rise affordable housing projects for Paramount Corp Bhd in Kemuning Utama and Greenwood Salak Perdana, and the Rumah Idaman project for Kwasa Land Sdn Bhd in Kwasa Damansara.

The research house said in a note on Thursday that although retail sales and footfall have recovered since the relaxation of movement restrictions, it does not expect the recovery in retail sales and footfall to translate into a significant improvement in rental reversion rates for malls in the near term.

The stock opened at RM1.20 before rising to a high of RM1.24. As at 9.38am, the counter had risen six sen or 5.13% to RM1.23, valuing the construction outfit at RM1.53 billion. 

In a statement on Thursday (April 7), the solar PV and earthing and lightning protection specialist said the company's wholly-owned subsidiary Pekat Solar Sdn Bhd (PSSB) has accepted the letter of award from Sun Estates for its appointment as the turnkey engineering, procurement, construction and commissioning (EPCC) contractor for the project.

In a filing with Bursa Malaysia, the group said the RM9.5 million contract was awarded to its subsidiary TAFI Home & Office Sdn Bhd by Alpha Asset Sdn Bhd.

The contract was awarded by Eastern & Oriental Bhd's indirect subsidiary Persada Mentari Sdn Bhd to Kerjaya Prospek's wholly-owned unit Kerjaya Prospek (M) Sdn Bhd.