AmanahRaya REIT to sell Contraves building in Cyberjaya for RM42.5 mil cash
AmanahRaya Real Estate Investment Trust (REIT) (KL:ARREIT) is selling its office building, Contraves building in Cyberjaya, for RM42.5 million cash.
IJM secures RM331.7 mil contract to build data centre for TM's unit in Iskandar Puteri
IJM Corp Bhd (KL:IJM) has secured a contract to design and build a data centre for a subsidiary of Telekom Malaysia Bhd (KL:TM) in Iskandar Puteri, Johor, for RM331.7 million.
Northern Solar, backed by Lagenda Properties, files for ACE Market IPO
Northern Solar Holdings Bhd, which installs solar panels and operates solar farms, has filed for an initial public offering (IPO) on the ACE Market to raise funds for expansion.
Analysts upbeat on Gamuda’s overseas venture, substantial order book
Analysts remain upbeat on Gamuda Bhd (KL:GAMUDA), which recently reported stronger quarterly earnings, given its extensive overseas exposure and substantial order book.
Berjaya Land launches Pangsapuri Azalea affordable housing project in Subang Heights
Berjaya Tagar Sdn Bhd, a subsidiary of Berjaya Land Bhd (KL:BJLAND), officially launched an affordable residential project on Wednesday under Berjaya Flagship Affordable Homes (BFAH) called Pangsapuri Azalea in Subang Heights, Subang Jaya, Selangor.
IOI Properties’ high gearing may swell with Shenton House project; shares down though analysts stay bullish
Shares of IOI Properties Group Bhd extended its decline to their lowest in seven weeks amid concerns of rising debt after the developer announced its chief executive has proposed the joint development of Shenton House in Singapore.
Gamuda's 3Q profit rises 6% to RM235.8m, driven by overseas projects
Gamuda Bhd’s (KL:GAMUDA) net profit rose 5.56% to RM235.8 million for the third quarter ended April 30, 2024 (3QFY2024), from RM223.37 million in the previous year’s corresponding quarter, as it registered higher contribution from overseas projects.
IOI Properties receives proposal from CEO to jointly develop Shenton House in Singapore
IOI Properties Group Bhd (KL:IOIPG) has received a proposal from its group chief executive officer cum major shareholder Lee Yeow Seng to participate in the development of Shenton House, a commercial property located in Singapore that his private vehicle has successfully tendered for, for S$538 million (RM1.9 billion).
Avaland sets up RM1b sukuk programme
Alliance Islamic Bank Bhd and AmInvestment Bank Bhd are the joint principal advisers, joint lead arrangers and joint lead managers for the sukuk programme.
Multi-lane free flow project still in negotiations, says works minister
Several stages need to be completed before a final decision can be made, Alexander said.
