Tower REIT 2QFY23 NPI down 17% as operating costs, interest expense weigh
The REIT, whose portfolio consists of Menara HLX, Plaza Zurich and Menara Guoco, declared distribution per unit of 0.
UEM Sunrise completes issuance of RM255m Islamic medium term notes
They include acquisition of land banks and companies, investments, project development and infrastructure costs, capital and general expenditures, as well as refinancing of Islamic financing and outstanding loan facilities.
Building materials maker Ajiya’s 4Q profit jumps 169% on gain from other investments
“Moving forward, the group will continue with its efforts in making its operations more efficient and undertake various measures to reduce operating costs and improve its revenue for sustainable long-term growth.
AZRB confirms formal withdrawal of winding-up petition by UEM Edgenta
AZSB is to pay the monthly instalments to EPB from March 31, 2023 to Jan 31, 2024, together with interest from the original date of payment stated in a consent judgement.
UEM Edgenta drops winding-up petition against Ahmad Zaki Resources’ unit
AZSB is to pay the monthly instalments to UEM Edgenta’s wholly owned Edgenta Propel Bhd (EPB) from March 31, 2023, to Jan 31, 2024, together with interest from the original date of payment stated in a consent judgement.
Perak Transit accepts extended agreement to provide construction services to another edotco unit
At the time, Perak Transit said the agreement was in line with its strategy to pursue new opportunities to increase its revenue stream, and to diversify its earnings base and reduce dependency on its existing business.
SCIB withdraws from 'long-delayed' JB hospital project
The group had issued a letter of withdrawal to Kencana Healthcare Sdn Bhd, and it was accepted on Thursday (Jan 26), said SCIB in a statement on Friday.
Contractors should focus on industrial properties and data centre jobs, says RHB IB
In a research note on Friday (Jan 27), RHB stated that the new Budget 2023 could see a downward revision or reallocation of the previously budgeted RM95 billion development expenditure, while the sizeable Borneo block n the unity government will have positive implications for higher revised expenditure for Sarawak and Sabah.
MQ Technology to diversify into property development
The group said its wholly-owned unit Star Acres Sdn Bhd is planning to acquire 7.
DONE DEAL: Terrace house, Bandar Ainsdale, Seremban, Negeri Sembilan
DONE DEAL: Terrace house, Cyberjaya, Selangor DONE DEAL: Bungalow, Jalan Meru, Kuala Lumpur Located in the majestic gateway of Negeri Sembilan and Kuala Lumpur, Bandar Ainsdale is complemented by various amenities, parks, lakes, and wide-open spaces.
