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Sunsuria unit gets RM120m boost with OCBC Bank credit facility
Pursuant to the facilities, Sunsuria itself has provided financial assistance to BHPDSB in the form of a corporate guarantee.
Keck Seng (Malaysia) to wind down and liquidate Tanjong Puteri Golf Resort
TPGR, formerly known as Victavest Holdings Sdn Bhd, operates a 54-hole golf course in Pasir Gudang, Johor.
Hektar REIT to install 13 EV charging stations across six malls
Hektar Real Estate Investment Trust (Hektar REIT) will install 13 electric vehicle (EV) charging bays in six shopping malls under its portfolio starting Jan 1, 2024.
MRCB Land’s Tujuh Residences apartment in Kwasa Damansara now open for preview
MRCB Land Sdn Bhd’s latest high-rise residential development, named Tujuh Residences in the ongoing 94-acre Kwasa Damansara City Centre (KDCC) project, is now open for preview, according to a press statement on last Friday (Sept 29).
MBSB completes RM1.01b acquisition of MIDF
Malaysia Building Society Bhd (MBSB) has completed its acquisition of Malaysian Industrial Development Finance Bhd (MIDF) from Permodalan Nasional Bhd (PNB) for RM1.01 billion worth of new share issuance at 96.52 sen per share.
Maybank IB expects Gamuda’s core net profit to hit RM1b mark in FY2025
Maybank Investment Bank Research (Maybank IB) has maintained its “buy” rating for Gamuda Bhd at RM4.31, with an unchanged target price (TP) of RM4.80, and said Gamuda’s core net profit (CNP) for the financial year ended July 31, 2023 (FY2023) was 104% of the house forecast (in line), and 110% of the consensus (above).
UEM Sunrise issues RM350 mil in Islamic medium-term notes
UEM Sunrise Bhd has issued Islamic medium-term notes (IMTNs) worth RM350 million in nominal value.
Sunway ceases to be substantial shareholder of IJM
Sunway Bhd, and in turn its founder and executive chairman Tan Sri Jeffrey Cheah Fook Ling, have ceased to be a substantial shareholder of construction giant IJM Corp Bhd following a 0.08% stake disposal.
Rehda chairman Datuk Ng Tiong Lip appointed as Capitaland’s non-executive director
Real Estate and Housing Developers Association (Rehda) chairman Datuk Jeffrey Ng Tiong Lip was appointed as non-executive independent director of Capitaland Malaysia Trust with effect from Oct 1.