News by TheEdgeMarkets.com

Gamuda Land signed a memorandum of understanding (MOU) with Universiti Malaya (UM) and Universiti Kebangsaan Malaysia (UKM), and a memorandum of collaboration (MOC) with Universiti Kuala Lumpur (UniKL), at Gamuda Cove on Wednesday (July 27).

The recovery momentum for IGB Real Estate Investment Trust (REIT) is expected to continue, despite several headwinds such as the overnight policy rate (OPR) hike as well as inflationary pressure, according to analysts.

AME Elite Consortium Bhd has entered into an underwriting agreement with I REIT Managers Sdn Bhd, RHB Trustees Bhd and Hong Leong Investment Bank Bhd for the initial public offering (IPO) of AME Real Estate Investment Trust (REIT).

LBS Bina Group Bhd has hit more than RM1 billion in its year-to-date sales target, on track to achieve its whole year sales target of RM1.6 billion.

Tenaga Nasional Bhd (TNB) said on Wednesday (July 27) that the goverment-controlled utility had at 3.02pm fully restored electricity supply in areas across Peninsular Malaysia affected by a power outage since 12.39pm, due to a damaged equipment within the main power intake substation in Yong Peng, Johor.

I-Bhd’s i-City Finance Avenue is now 30% complete, following the opening of DoubleTree by Hilton in i-City, Shah Alam, Selangor on Wednesday (July 27).  

Setia Awan Group has opened for sale its Phase 2 SOHO Transit 2 product at transit-oriented development (TOD) Astrum Ampang on Wednesday (July 27). This follows the 100% take-up of its first phase — SOHO Transit 1 — in the third quarter of 2021.

Tenaga Nasional Bhd (TNB) said there are currently power outages in several areas.

Chin Hin Group Bhd shares hit a new record high of RM4.51 on Tuesday (July 26) morning, ahead of the group's upcoming extraordinary general meeting on Aug 4 over the proposed sale of a 19.34% stake in Solarvest Holdings Bhd, as well as a one-for-one bonus issue.

MK Land founder Tan Sri Mustapha Kamal Abu Bakar has passed away.