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News about Aeon

Rules relaxed: For foreign operators of large-format grocery stores

Feb 22

KUALA LUMPUR (Feb 22): With the revised Guidelines on Foreign Participation in the Distributive Trade Services 2020 kicking in on Jan 1, the rules have now “been relaxed” for foreign operators of large-format grocery stores.

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Retailers in tourist zones record over 70% slump in sales amid coronavirus outbreak

Feb 19

KUALA LUMPUR (Feb 18): At least two retailers are experiencing drastic sales decline at their outlets located at tourist zones, following concerns over the 2019 novel coronavirus (COVID-19) outbreak.

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KIP REIT’s net property income rises 41% in 2Q

Jan 17

KUALA LUMPUR (Jan 17): KIP Real Estate Investment Trust (KIP REIT)’s net property income rose 41% in the second quarter ended Dec 31, 2019 (2QFY2020) to RM14.

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AEON: Department store model still relevant

Jan 04

KUALA LUMPUR (Jan 4): The department store model is still relevant but technology and social media must be used “so that they appeal to the younger generation”.

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KIP REIT NPI rises 36%, declares 1.37 sen distribution

Oct 17

KUALA LUMPUR (Oct 17): KIP Real Estate Investment Trust (KIP REIT)’s net property income jumped 36% to RM13.

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AEON Co to continue refurbishing some stores

Aug 28

AEON Co (M) Bhd (Aug 27, RM1.

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Controlling shareholder Tee family sells RM714m worth of real estate assets to GSB Group

Aug 09

KUALA LUMPUR (Aug 9): GSB Group Bhd’s controlling shareholder, the Tee family, is selling RM714 million worth of real estate assets to the company for RM714.

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Aeon to spend about RM500m on mall renovations in FY19

May 30

  KUALA LUMPUR (May 30): Japanese retailer Aeon Co (M) Bhd said it will be spending about RM500 million in the financial year 2019 (FY19) on selected mall renovations and opening.

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Platinum Victory plans two condominium launches in 1H2019

Dec 20

PETALING JAYA (Dec 20): Property developer Platinum Victory Group plans to launch two residential high-rise projects with a combined GDV of RM787 million in 1H2019, said its executive director Gan Yee Hin.

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Earnings for AEON from property management seen to be resilient

Oct 19

AEON Co (M) Bhd (Oct 18, RM1.

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