MARC Ratings Bhd has downgraded YNH Property Bhd's (KL:YNHPROP) Islamic Medium-Term Notes Programme (Sukuk Wakalah) to BBIS with a negative outlook in a move that it says reflects heightening concerns over the group's business and financial prospects.
YNH Property Bhd (KL:YNH) said the conditional period of the sale and purchase agreement for it to sell 163 Retail Park to Sunway Real Estate Investment Trust (Sunway REIT) (KL:SUNREIT) has been extended by three months to Sept 26.
CGS International and Hong Leong Investment Bank (HLIB) said IJM Corp Bhd’s (KL:IJM) recent contract win in the data centre space is strategically significant and could pave the way for many more.
Founder of Gamuda Bhd (KL:GAMUDA) Datuk Lin Yun Ling has exercised his share options under the Employees' Share Options Scheme (ESOS) to acquire 1.2 million shares at RM2.55 apiece.
AmanahRaya Real Estate Investment Trust (REIT) (KL:ARREIT) is selling its office building, Contraves building in Cyberjaya, for RM42.5 million cash.
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 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 remain upbeat on Gamuda Bhd (KL:GAMUDA), which recently reported stronger quarterly earnings, given its extensive overseas exposure and substantial order book.
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.
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.
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