News by theedgemalaysia.com

Developer YNH Property Bhd, whose lapses in governance raised eyebrows recently after several delayed disclosures, has redesignated its senior independent, non-executive director Khong Kam Hou as chairman of its audit committee to help the group in fulfilling its oversight and fiduciary duties.

The Ministry of Tourism, Arts and Culture (Motac) will soon present a policy paper outlining the full guidelines for the revamped Malaysia My Second Home (MM2H) applications to the Cabinet, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

Having missed the Feb 29, 2024 deadline to release its fourth quarter ended Dec 31, 2023 (4QFY2023) results, Country Heights Holdings Bhd (CHHB) is likely to be slapped with a trading suspension.

50 Electric Boulevard, a 200,000 sq ft office building designed by Foster + Partners located in Battersea Power Station, has been completed, according to a statement on Wednesday.

Shares in S P Setia Bhd surged in early trade on Friday, as more analysts turned bullish and saw more upside following the property developer’s above-consensus fourth-quarter earnings.

Crockfords at Resorts World Genting (RWG) has once again been awarded the 5-star rating from the Forbes Travel Guide (FTG), marking the hotel's sixth consecutive year of being awarded the recognition, which also sets it apart as the only hotel in Malaysia to be so acknowledged by the guide.

Home-grown building materials specialist Chin Hin Group Bhd’s fourth quarter net profit increased by more than six times from a year earlier, on the back of higher earnings from its joint ventures (JVs) and associates, as well as a disposal gain of RM9.12 million from its subsidiary.

Selangor state-controlled Kumpulan Perangsang Selangor Bhd (KPS) is disposing of Plaza Perangsang in Shah Alam, a 36-year old building which the group occupies as its main office, for RM46 million to Perbadanan Kemajuan Negeri Selangor (PKNS).

Property developer Tropicana Corp Bhd is acquiring a piece of leasehold land in Kota Damansara for RM224 million to be developed into a residential area comprising four to five tower blocks of serviced apartments, with an estimated gross development value of about RM2.8 billion.

IGB Bhd’s net profit jumped to RM85.77 million in its fourth quarter ended Dec 31, 2023 (4QFY2023), over four times the RM18.77 million it made in the same quarter a year ago.