MRCB profit holds steady at RM73.2m PBT as new project wins offset 27% revenue drop from LRT3 taper
PETALING JAYA (April 21): Malaysian Resources Corp Bhd (MRCB) recorded a group revenue of RM1.
Tanco denies new undisclosed developments behind share price surge, points to Midport Project media coverage
KUALA LUMPUR (April 21): Tanco Holdings Bhd responded to a Bursa Malaysia’s Unusual Market Activity (UMA) query following a sharp and unusual rise in its share price, stating that its board was not aware of any new or undisclosed corporate developments that may account for the trading activity.
MRCB completes acquisition of 80% equity interest in Bukit Jalil Sentral Property, pays RM1.49b to EPF
KUALA LUMPUR (April 21): Malaysian Resources Corp Bhd (MRCB) completed its proposed acquisition of 80% equity interest in Bukit Jalil Sentral Property Sdn Bhd (BJSP), with the balance of the purchase consideration fully paid to the vendor on Monday (April 20).
SCIB's Ku Chong Hong emerges as Axteria substantial shareholder, appointed executive director
KUALA LUMPUR (April 20): Sarawak Consolidated Industries Bhd (KL:SCIB) group managing director and CEO Ku Chong Hong (pictured) has emerged as a substantial shareholder of property developer Axteria Group Bhd (KL:AXTERIA) with an indirect 27.
Mudajaya wins appeal, court raises compensation to RM72.2 mil in fund misappropriation case
KUALA LUMPUR (April 20): Mudajaya Group Bhd (KL:MUDAJYA) has secured a favourable ruling from the Court of Appeal in its fund misappropriation case against former employee Michael Chua Khian Keng, with compensation increased to RM72.
UOA Development terminates care services joint venture at Komune Living and Wellness Centre in Cheras
PETALING JAYA (April 20): UOA Development Bhd (UOA Development) has mutually terminated a shareholders' agreement entered into with Care Concierge Care Centre Sdn Bhd (CCCC) for a managed care services venture at its Komune Living and Wellness Centre commercial building in Cheras, with effect from last Friday (April 17).
IOI Properties acquires Asia Square Tower 2 for S$2.476 bil, boosting Singapore AUM to S$10 bil
PETALING JAYA (April 20): IOI Properties Group Bhd (IOI Properties) last Friday announced that it will acquire CapitaLand Integrated Commercial Trust’s (CICT) 100% interest in Asia Square Tower 2 (AST2), a premium Grade A office asset located in the heart of Singapore’s Marina Bay financial district, for an agreed property value of S$2.
_2.jpg)
Plenitude appoints Ng Yoon Thai as new CEO
KUALA LUMPUR (April 17): Plenitude Bhd (KL:PLENITU) has named Ng Yoon Thai as its new chief executive officer to lead the real estate firm that is involved in development, investment and hospitality.
HCK Capital's RM600 mil Cheras JV turns unconditional
PETALING JAYA (April 17): HCK Capital Group Bhd (HCK Capital) announced yesterday (April 16) that all conditions precedent of its proposed joint venture (JV) to develop a freehold land parcel in Cheras, Selangor, have been fulfilled, rendering the JV unconditional with immediate effect.
YNH Construction faces winding-up petition from LHDN over RM7.21 mil in unpaid taxes
PETALING JAYA (April 17): YNH Property Bhd announced yesterday (April 16) that its wholly-owned subsidiary, YNH Construction Sdn Bhd, had been served with a winding-up petition by the government of Malaysia via Lembaga Hasil Dalam Negeri Malaysia [LHDN] (Lembah Klang Legal Branch) on April 14, 2026.
