The property developer is pivoting towards “sustainable, quality growth” going forward after years of aggressive revenue and earnings growth.

All five contracts are deemed recurrent related-party transactions, as Exsim Hospitality’s major shareholders — Lim Aik Hoe, Lim Aik Kiat and Lim Aik Fu — who collectively hold a 70.5% indirect interest in the company, also control substantial stakes in the awarding entities through Exsim Development Sdn Bhd.

The mixed-use development project includes commercial lots and approximately 480 serviced apartments units with an estimated GDV of RM211.7 million and gross development cost of RM174.3 million.

Paradigm REIT will debut with an initial fund size of 1.6 billion units and a portfolio of three properties valued at RM2.44 billion. 

The contract, awarded by AFA Construction and Engineering Sdn Bhd (AFACE) to UEM Edgenta’s wholly-owned Edgenta Propel Bhd (EPB), is considered a related-party transaction because UEM Edgenta's independent, non-executive chairman Tan Sri Dr Azmil Khalili Khalid is the sole owner and director of AFACE’s parent company, AFA Infrastructure and Development Sdn Bhd,

The seven-storey shopping mall covers an approximate area of 92,712 sq ft, including a lower ground floor and four levels of basement car park with 786 car park bays.

Find out the y-o-y median transacted price movements of four of PJ’s most popular locales as of Oct 31, 2024 — based on EdgeProp Research and EPIQ platform.

Matrix Concepts Holdings Bhd (KL:MATRIX) and X Park Malaysia have formalised a partnership to develop an extreme sports park in Bandar Seri Impian in Kluang, Johor, with a RM10 million investment aimed at enhancing the township’s recreational appeal.

Inta Bina Group Bhd (KL:INTA) has secured a RM181 million contract to undertake the construction of a mixed commercial development project in Kuala Langat, Selangor.

Exsim Hospitality Bhd (KL:EXSIMHB) is raising up to RM250.79 million via a rights issue with warrants, to partly fund the RM240.25 million acquisition of a new five-star hotel in Empire City, Petaling Jaya, Selangor.