Paramount eyes RM400m land deals in 2025
The company had a remaining GDV of RM5.5 billion as at end-2024, from its 369.4-acre undeveloped land and unsold units in launched projects.
Paramount Corp reviewing plans to manage growing cash pile, decision by mid-2025, says group CEO
The property developer is pivoting towards “sustainable, quality growth” going forward after years of aggressive revenue and earnings growth.
UEM Edgenta secures RM40.4m traffic management contract from chairman-linked company
The contract, awarded by AFA Construction and Engineering Sdn Bhd (AFACE) to UEM Edgenta’s wholly-owned Edgenta Propel Bhd (EPB), is considered a related-party transaction because UEM Edgenta's independent, non-executive chairman Tan Sri Dr Azmil Khalili Khalid is the sole owner and director of AFACE’s parent company, AFA Infrastructure and Development Sdn Bhd,
Berjaya Corp posts narrower 2Q net loss on finance costs and investment-related expenses
Berjaya Corp Bhd (KL:BJCORP) remained in the red for its second quarter ended Dec 31, 2024 (2QFY2025), dragged by high finance costs and investment-related expenses.
Axis REIT to declare additional 0.44 sen distribution after RM24.2m warehouse sale
Axis Real Estate Investment Trust (KL:AXREIT) is selling a warehouse property in Petaling Jaya, called The Annex, for RM24.2 million.
Second phase of Cyberjaya and Iskandar Puteri data centres to achieve commercial ops in 3Q — TM
Telekom Malaysia Bhd (KL:TM) expects the second phase of its data centres in Cyberjaya and Iskandar Puteri, Johor, to achieve commercial operation in the third quarter of 2025 (3Q2025).
Perak Corp plans share capital reduction, RM90 mil land sales, preference shares issuance to regularise financial condition
Practice Note 17 (PN17) company Perak Corp Bhd (KL:PRKCORP) has proposed a regularisation plan that consists of a capital reduction, joint development project, RM89.6 million in land sales, RM40.38 million entitlement from a joint development, and preference share issuance to settle debt owed to creditors.
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EcoWorld takes full control of Puncak Alam-based developer after buying out EPF's 40% stake
Eco World Development Group Bhd (EcoWorld Malaysia) (KL:ECOWLD) has taken full control of a firm developing properties in Puncak Alam by acquiring the Employees Provident Fund's (EPF) 40% stake in the firm.
YNH says RM138m sale of AEON Mall Seri Manjung is subject to shareholders’ approval
YNH Property Bhd (KL:YNHPROP) has clarified that its sale of AEON Mall Seri Manjung in Perak to Sunway Real Estate Investment Trust (KL:SUNREIT) for RM138 million is subject to shareholders’ approval in an extraordinary general meeting (EGM) to be fixed later.
Perak Corp partners private firm for mixed development project
Perak Corp Bhd (KL:PRKCORP) has proposed to undertake a mixed development project on 54.8 acres of land owned by the company in Hulu Kinta, Perak.
