Higher rental income lifts IGB REIT, IGB Commercial REIT’s 3Q net property income
Revenue increased 3.73% to RM155.27 million, compared to RM149.68 million in 3QFY2023.
Padini announces retail revamp plans in Malaysia, Thailand for FY2025
Padini Holdings Bhd (KL:PADINI) announced plans to refurbish nine stores, open four new outlets, and close one location in Malaysia in the current financial year ending June 30, 2025 (FY2025) as part of efforts to streamline its retail operations.
Pavilion REIT’s 3Q net property income rises 8.6%; distributes 2.38 sen per unit
Pavilion Real Estate Investment Trust (KL:PAVREIT) saw its net property income (NPI) rise 8.65% to RM131.86 million for the third quarter ended Sept 30, 2024 (3QFY2024), from RM121.35 million a year ago, due to lower property operating expenses, primarily driven by the reversal of doubtful debts provision.
Johor-Singapore Special Economic Zone to cover Iskandar Malaysia, Pengerang
Johor-Singapore Special Economic Zone (JS-SEZ) will cover an area governed by six local authorities in Iskandar Malaysia and Pengerang, according to the Ministry of Finance.
Varia bags RM572m Socso rehabilitation centre project in Terengganu
Varia Bhd (KL:VARIA) has secured a contract worth RM571.8 million from the Social Security Organisation (Socso) to build a rehabilitation centre in Setiu, Terengganu.
PLB Engineering to sell stake in solar energy firm to repay loans
Construction and property company PLB Engineering Bhd (KL:PLB) has proposed to sell its 60% stake in a solar energy firm for RM19.8 million cash to help repay its bank borrowings.
Cypark forms consortium with Jakel Capital, Melaka Corp to power up German Technology Park in Melaka
Renewable energy producer Cypark Resources Bhd (KL:CYPARK) has formed a consortium to jointly explore and develop energy solutions for the 186-hectare German Technology Park in Ayer Keroh, Melaka.
Kuchai turns cash company after completing disposal of assets and liabilities to Sungei Bagan
Kuchai received notification from Bursa Securities on Monday, stating that the company triggered Paragraph 8.03(1) of the Main Market listing requirements.
Ho Hup’s 52.5% indirect unit served with winding-up petition over payment dispute
The petition hearing is scheduled for Nov 18.
Pan Malaysia Holdings clinches RM47m subcontract in Damansara Perdana
The group said its wholly-owned subsidiary, Exsim Concepto Sdn Bhd (ECSB), received the letter of award from Discovery Media Sdn Bhd for the subcontract under a project involving the development of 560 office units.
