News by theedgemalaysia.com

Shares of KTI Landmark Bhd (KL:KTI) opened flat in its trading debut on Wednesday after the Sabah-based integrated property developer's initial public offering (IPO) on the ACE Market raised RM48 million.

Under the memorandum of cooperations, the company will explore using its distribution network in Malaysia to boost the reach of home appliance maker Skyworth Group Co Ltd. 

This follows an announcement last week by the Ministry of Tourism, Arts and Culture (Motac) of an updated MM2H guideline.

Retail sales grew 7.8% in January-March 2024 when compared to the same period in 2023.

Kerjaya Prospek Property Bhd (KL:KPPROP), via its wholly owned subsidiary Kerjaya Property Sdn Bhd, has officially opened Bloomsvale Shopping Gallery on Jalan Puchong, Kuala Lumpur, in a door-opening ceremony on Saturday.

Trive Property Group Bhd (KL:TRIVE) has proposed a bonus issue of warrants on the basis of two warrants for every five existing shares, to reward its shareholders and strengthen its financial position and capital base.

PR1MA Corp Malaysia, which is an affordable housing agency under the Ministry of Housing and Local Government (KPKT), has commenced construction of its first township development in Teluk Intan, Perak, according to a press statement on Friday.

OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK) has partnered with Affin Bank Bhd (KL:AFFIN) in the bank’s new mortgage programme “Affinita”, aimed at providing women with financial solutions towards homeownership.

Tropicana Corp Bhd (KL:TROP) has announced a partnership with Samsung Malaysia Electronics Sdn Bhd to offer artificial intelligence (AI) home appliances in its upcoming developments.

Property developer Glomac Bhd’s net profit rose 8% to RM15.34 million for the fourth quarter ended April 30, 2024 (4QFY2024), from RM14.1 million a year ago, thanks to its recognition of RM17 million fair value gain on investment property.