Yong Tai to settle RM46 million debts by issuing new shares
KUALA LUMPUR (May 18): Yong Tai Bhd has entered into debt settlement agreements with 19 creditors to pay off RM46 million owed by issuing 92 million new shares at 50 sen per share.
MRCB to see stronger earnings through LRT 3 consolidation, says HLIB
KUALA LUMPUR (May 17): Malaysian Resources Corporation Bhd (MRCB) could see a stronger earnings performance moving forward supported by the consolidation of the Light Rail Transit 3 (LRT 3) project, according to Hong Leong Investment Bank (HLIB) Research.
Knusford to buy Johor land from IWCity tapping the potential of RTS project
KUALA LUMPUR (May 17): Diversified property developer and construction group Iskandar Waterfront City Bhd (IWCity) on Friday announced it is disposing of two parcels of vacant unconverted developed land in Tanjung Danga, Johor to construction and property developer Knusford Bhd.
Property Chat - Why you need lawyers in property transactions, unlike buying cars (Part 2)
This is Part 2 of an article published here.
Hike in interest rates will weaken consumer spending, affect REIT sector, says AmInvestment
KUALA LUMPUR (May 13): AmInvestment Bank foresees a decline in consumer spending ahead due to higher-than-expected interest rates and inflationary pressures, which will in turn affect the improvement of the real estate investment trust (REIT) sector.
UOA Group launches Komune Living & Wellness
KUALA LUMPUR (May 13): UOA Group has officially launched Komune Living & Wellness, an integrated co-living and wellness facility located in Bandar Tun Razak, Cheras.
Kidzania KL owner to construct and operate new ESCAPE theme park in Perak
KUALA LUMPUR (May 13): Developer and operator of theme parks based in Malaysia, Sim Leisure Group Ltd, which is also the licensee operator of Kidzania KL, is set to construct and operate a new ESCAPE theme park located in Perak.
Kein Hing to construct RM5m factory in Vietnam as part of future expansion plans
KUALA LUMPUR (May 13): Kein Hing International Bhd on Thursday announced it has awarded an RM5 million construction contract to a third party main contractor in Vietnam for the proposed construction of a single-storey factory.
Tropicana Corp delivers vacant possession for Triana shopoffices in Tropicana Aman
PETALING JAYA (May 13): Tropicana Corp Bhd has delivered vacant possession (VP) for owners at Triana shopoffices on May 12.
Sentral REIT 1Q NPI declines 2.9% to RM30.51m
KUALA LUMPUR (May 12): Sentral Real Estate Investment Trust (Sentral REIT)’s net property income (NPI) in the first quarter ended March 31, 2022 (1QFY22) dropped by 2.
