News about Aeon

KUALA LUMPUR (April 15): MIDF Research said on Friday (April 15) that it expects AEON Co (M) Bhd’s prospects to improve from the financial year ending Dec 31, 2022 (FY22) onwards in line with the reopening of businesses and social activities.

KUALA LUMPUR (June 23): AEON Co (M) Bhd has allocated RM251 million as capital expenditure (capex) for the year, with 40% of the budgeted amount to be allocated to further strengthen the group’s technology and IT infrastructure, according to the retail group’s managing director Shafie Shamsuddin.

KUALA LUMPUR (May 17): AEON BiG (M) Sdn Bhd said today Malaysia's Federal Court on April 20, 2021 dismissed Mega Continental Sdn Bhd's leave application to appeal against the Court of Appeal's decision to uphold the Penang High Court's ruling in a lawsuit initiated by hypermarket operator AEON BiG against Mega Continental involving the lease of a property in Bandar Alor Setar, Kedah.

KUALA LUMPUR (April 20): KIP Real Estate Investment Trust's (KIP REIT) net property income (NPI) for the third quarter ended March 31, 2021 fell 5.

KUALA LUMPUR (Feb 20): Three out of the four foreign hypermarket players in the country “have yet to meet the local shareholder requirement”, The Edge reported this week.

KUALA LUMPUR (Jan 28): Aeon Co (M) Bhd has announced a partnership with US-based Boxed Wholesale that will see the retailer utilising the e-commerce company’s state-of-the-art technology to accelerate Aeon’s expansion into new retail offerings.

KUALA LUMPUR (Dec 11): The Court of Appeal has upheld the High Court’s decision that the termination of the lease agreement for an AEON BiG store in Alor Setar was lawful.

KUALA LUMPUR (Nov 26): Aeon Co (M) Bhd returned to the black with a net profit of RM16.

PETALING JAYA (July 24): An AEON BiG will officially open its doors tomorrow at The School, Jaya One in Section 13, Petaling Jaya in conjunction with the opening of the newly refurbished Level P2 entrance of The School, the first enrichment mall in the country.

KUALA LUMPUR (July 18): A company that has obtained a judgment in default against AEON BiG (M) Sdn Bhd is questioning the retailer’s action in removing the seal placed at its store in Subang Jaya.