News by izzul Ikram

Axis Real Estate Investment Trust’s (REIT) net property income (NPI) in the third quarter ended Sept 30, 2022 (3QFY22), climbed 12.54% to RM61.49 million from RM54.64 million a year earlier, on the back of rental income from newly-acquired properties.

Mynews Holdings Bhd said a winding-up petition levied on its unit in relation to a rental dispute is set to be withdrawn following the settlement of the amount allegedly owed.

Berjaya Land Bhd (BLand) has acquired 40 million shares or 2.28% equity interest in Berjaya Food Bhd (BFood) for RM32 million cash, or 80 sen apiece.

Its wholly-owned subsidiary Scott Emas Sdn Bhd has inked an agreement with Everwin Realty Development Sdn Bhd to purchase the plots of land measuring 19.812 acres.

Amanat Lebuhraya Rakyat Bhd (ALR) said it has completed the acquisition of four highway concessionaires following its issuance of sustainable sukuk murubahah amounting to RM5.5 billion in nominal value.

Another new substantial shareholder has emerged in Jiankun International Bhd after subscribing for shares representing a 7.7% stake in the real estate developer via a private placement.

Sime Darby Bhd has proposed the sale of another parcel of land in Malaysian Vision Valley (MVV) as part of its move to monetise its assets in the Negeri Sembilan-based economic region.

After returning to the black in the second quarter ended June 30, 2022 (2QFY22), Bina Darulaman Bhd (BDB) said that it is a must for the group to post a profit for the full financial year.

Kedah-based property developer Bina Darulaman Bhd (BDB) is planning to potentially diversify into the agriculture, renewable energy and telecommunications (telco) sectors to capitalise on the respective sectors’ resilience.

National mortgage corporation Cagamas Bhd has entered into an agreement with the Asian Development Bank (ADB) towards expanding the green mortgage market to include B40, M40 and female-headed households.