TCS sees emergence of new substantial shareholder with 11.9% stake as MD trims shareholding
Building and infrastructure construction services provider TCS Group Holdings Bhd (KL:TCS) saw the emergence of a new substantial shareholder.
AmanahRaya REIT pursues new asset buy as its RM42.5 mil Cyberjaya property sale falls through
AmanahRaya Real Estate Investment Trust (AmanahRaya REIT) has terminated its plan to sell the Contraves building in Cyberjaya due to a failed condition precedent, but is simultaneously pursuing the acquisition of a sustainable asset to boost its distribution per unit (DPU).
Developer disagrees over repayment conditions, debt owed to SCIB for scrapped Perak housing project
Sarawak Consolidated Industries Bhd (KL:SCIB) on Friday said that the project developer for the now-scrapped civil servants housing project in Perak has disagreed with the repayment terms, and denied the outstanding debt it owed to the Main Market-listed company.
Bina Puri, its director Tee Hock Seng face RM28.1m suit for purportedly failing to pay-up full sum in JVA
Bina Puri Holdings Bhd (KL:BPURI), its subsidiary Bina Puri Properties Sdn Bhd and its director Tan Sri Tee Hock Seng has been slapped with a RM28.1 million lawsuit by housing developer Wisma Majujaya Sdn Bhd for not abiding with a joint venture agreement (JVA) to develop a project in Johor Bahru, called “Puri Residence”.
Taghill clinches RM152 mil mixed-development project in Pahang
Taghill Holdings Bhd (KL:TAGHILL), formerly known as Siab Holdings Bhd, has secured a RM152 million construction job in Kuantan, Pahang.
Scientex buys Melaka land from Genting Plantations for RM333 mil cash
Packaging manufacturer and developer Scientex Bhd (KL:SCIENTX) on Friday said it is acquiring 528.49 acres of land in Paya Rumput, Melaka for RM333.8 million cash (RM14.50 per sq ft) from Genting Plantations Bhd (KL:GENP).
Long road ahead for MRCB with Ipoh Sentral project, analysts say
Malaysian Resources Corporation Bhd (KL:MRCB) will have a long road ahead in gestating the development of the newly secured Ipoh Sentral project that will span 20 years in phases, analysts said.
Axis REIT in hot pursuit of industrial deals
After spending RM719.4 million to acquire eight new assets in 2024, Axis Real Estate Investment Trust (Axis REIT) (KL:AXREIT) said it will continue to aggressively source potential acquisition targets, particularly industrial properties.
KLIA aerotrain to resume operations by 2Q, says MD of MAHB
After almost two years of suspension, the automated people mover system (aerotrain) at the Kuala Lumpur International Airport (KLIA) is now targeted to resume operations by the second quarter of 2025, subject to the testing and commission progress.
IGB's REITs report dips in 4Q net property incomes amid upgrades
Maintenance and upgrading works led to a decline in net property income (NPI) for IGB Real Estate Investment Trust (REIT) (KL:IGBREIT) and IGB Commercial REIT (KL:IGBCR) in their fourth quarter ended Dec 31, 2024 (4QFY2024).
