News by theedgemalaysia.com

The selling wave for penny stocks took a pause on Monday morning, although two of the worst hit counters, YNH Property Bhd and Rapid Synergy Bhd, hit limit down again, soon after the opening bell.

LB Aluminium Bhd is acquiring two factories and an office on a 4.56-acre freehold parcel of land in Beranang, Selangor, for RM30.42 million, cash, its Bursa Malaysia filing showed on Friday.

Property developer Eupe Corp Bhd is purchasing two additional parcels of freehold land in Sungai Petani, located in the Kuala Muda district of Kedah, for RM40.68 million, which will increase the land area around its proposed township, for investment.

YNH Property Bhd, in which prominent investor Datuk Dr Yu Kuan Chon is the largest shareholder with a 32.6% stake, shared details of a turnkey construction contract (TCA) in relation to a RM150 million land deal in Desa Sri Hartamas in response to a query from Bursa Malaysia.

It takes a holistic approach to managing a strata residential property successfully, which includes financial sustainability, regular maintenance, an active community and a community that equips itself with the right property management knowledge, as discussed during the second day of The Edge Malaysia Property Management Virtual Talk 2024 on Saturday.

A strong Management Corporation (MC), a healthy maintenance budget and simplified design are among crucial elements to ensure that a property’s condition would be tiptop.

The proposed Residential Tenancy Act is deemed unnecessary as the current system is operating well, according to PEPS president Subramaniam Arumugam, in his opening address at the 16th Malaysian Property Summit 2024 organised by the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) in Johor on Thursday (Jan 18).

While Tanco Holdings Bhd’s share price has been on a downward spiral, a total of 6.07 million warrants were converted at the exercise price of 31 sen per share, the company’s filing to Bursa Malaysia showed. 

Sentoria Group Bhd plans to raise up to RM150 million — more than three times its market capitalisation of RM40 million — from a redeemable convertible bonds issue to repay loans and finance property developments.

Tanco Holdings Bhd, whose share price suddenly tumbled as much as 26.72% on Thursday and prompted Bursa Securities to suspend the counter's intraday short selling, said it is not aware of any corporate development, rumour or report that may have triggered the sharp fall.