Chin Hin slapped with UMA following sharp rise in share price
Chin Hin Group Bhd was slapped with an unusual market activity (UMA) query by Bursa Malaysia on Tuesday (Aug 2) due to a sharp rise in its share price.
Entomo, Raveenderen to buy EcoWorld unit’s shares in MySejahtera operator
Entomo Malaysia Sdn Bhd and Raveenderen Ramamoothie are to purchase all Hasrat Budi Sdn Bhd’s shares in MYSJ Sdn Bhd — the operator of the MySejahtera application — for RM24 million plus a premium.
KIP REIT 4Q NPI lowers 6%
KIP Real Estate Investment Trust (KIP REIT)’s net property income (NPI) for the fourth quarter ended June 30, 2022 (4QFY22) dropped 5.8% to RM14.2 million, down from RM15.08 million a year ago, due to higher utilities expenses and lower gross revenue.
Pavilion REIT 2Q NPI jumps 74.5% as economic reopens
Pavilion Real Estate Investment Trust (REIT) net property income (NPI) for the second quarter ended June 30, 2022 (2QFY22) jumped 74.5% to RM83.11 million, up from RM47.62 million a year ago, as revenue was higher while operating expenses declined after economic reopen.
Gamuda Land partners three institutions to improve biodiversity
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).
IGB REIT poised to benefit from retail sector recovery — analysts
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 inks underwriting agreement with Hong Leong Investment Bank for REIT’s IPO
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 achieves more than RM1 bil sales year-to-date
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.
TNB: Power outage due to Yong Peng substation equipment damage
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-City Finance Avenue now 30% complete
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).
