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.
Southeast Asia’s largest Integrated Circuit (IC) Design Park is being established in Puchong, Selangor. Located at the Puchong Financial Corporate Centre (PFCC), it aims to position Malaysia as a potential leader in the global IC design industry.
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Sime Darby Property saw a 98% overall take-up rate for Elmina Ridge 1, City of Elmina, following its second stage release over the weekend.
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.
Noteworthy:
When: February 2024
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