News about edge

PEPS president Subramaniam Arumugam: Micromanaging the real estate sector in this sector in this manner, particularly through a government bureaucracy, may not align with investor-friendly policies.

These are warrants issued under Tanco’s bonus issue in August 2022, involving up to 1.

The proposed share consolidation is expected to be completed by the second quarter of 2024.

"The board is not aware of any possible explanation to account for the trading activity,” Tanco said in a reply to the unusual market activity query issued by Bursa Securities following the steep decline in its share price.

The international freight services provider said its wholly-owned unit FM Global Logistics (M) Sdn Bhd has signed a sale and purchase agreement with Petaling Garden to buy a 2.

The development land was acquired by Magna Prima's wholly-owned subsidiary Twinicon (M) Sdn Bhd from Lai Meng Girls School Association in 2014 for RM148.

This is based on IJM's 60% share in the project amounting to RM106 million that its subsidiary IJM Construction Sdn Bhd (IJMC) is undertaking with Pestech International Bhd's unit Pestech Technology Sdn Bhd, which has the remaining 40% share.

This would be the second land acquisition in Iskandar Malaysia by the group within a span of less than five months.

This downgrade reflects growing concerns over YNH's weak liquidity position and further delays in the sale of assets, which is much-needed for cash infusion.

The LOA will be Gagasan Nadi’s second undertaking with Kwasa Land, after breaking ground on the construction of 1,669 affordable housing units Kwasa Damansara last year.