News about edge

According to AEON’s filing with Bursa Malaysia, the proposed acquisition is in line with its corporate strategy to develop its future retail business and provides the group with the opportunity to expand in Seremban.

The group said the contract period is for 23 months, and is divided into two phases, with the first phase comprising 124 units of houses and the second phase consisting of 50 units.

The project will be built in three phases, with the construction of the first phase starting in the third quarter of this year and being completed in the fourth quarter of 2025.

The construction and property development firm’s profitability was attributable to the positive impact of its wholly-owned unit Bina Puri Sdn Bhd’s (BPSB) scheme of arrangement with creditors, which usually involves taking haircuts from the amount owed.

“The proposed acquisition is in line with the group’s strategy to enhance production capacity for automotive seats and automotive cover in order to meet the growing demands of the automotive industry and allow for future expansion,” it said.

Improved earnings from the property investment as well as leisure and hospitality segments, coupled with the group booking a 19.

The group did not declare any dividend for the quarter under review.

Its Elmina Rainforest Knowledge Centre (ERKC) bagged silver in the Environmental Category, acknowledging its contributions to environmental literacy and urban biodiversity conservation and its positive sustainability impact on Malaysia’s real estate industry.

UEM Sunrise will be collaborating with Logos in several areas, including end-to-end construction management, technical work, and assisting in government-related processes, such as licensing applications and securing state approvals.

According to AME Elite, the proposed acquisition, which is expected to be completed by the third quarter of this year, presents a strategic investment opportunity to increase its land bank.