KIP REIT's 3Q net property income up 13.3%, declares 1.55 sen income distribution
The REIT said the southern region remained as the highest revenue contributor, with the three malls located in the region reporting a gross revenue of RM10.
Siab Holdings agrees to Yong Tai’s settlement arrangement following termination of projects
Siab is the main contractor of the two projects owned by Yong Tai.
OCR Group’s units sued by contractor over alleged payment default
Kencana Amanjaya Sdn Bhd is suing OCR’s 90%-owned subsidiary OCR Properties (Kuantan) Sdn Bhd relating to a residential project involving 979 terrace houses and 130 units of semi-detached houses in Kuantan.
DONE DEAL: Bungalow, Section 9, Shah Alam, Selangor
DONE DEAL: Semi-detached, Old Klang Road, Federal Territory, Kuala Lumpur DONE DEAL: Shop, Chow Kit, Kuala Lumpur Situated in the commercial and residential enclave of Section 9, Shah Alam, Selangor, the guarded property is surrounded by factories and is nestled in a quiet and private area.
Bursa grants six-month time extension to IWCity to submit regularisation plan
Bursa has the right to proceed to suspend the trading of the listed securities of IWCity and to de-list the company if IWCity fails to submit the regularisation plan before Sept 24, fails to obtain approval from any of the regulatory authorities necessary for the implementation of its regularisation plan or fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.
GDB to defend against ‘wrongful’ termination notice from 8 Conlay project
In a statement on Wednesday (April 19), the construction services firm said that the purported determination is wrongful as the mandatory contractual procedures and notices prior to the determination have not been complied with.
Malton says it's assessing the financial hit from Fed Court's decision to quash Taman Rimba Kiara project
“The company is waiting to receive and review the grounds of judgement of the Federal Court and shall seek legal advice as to its next course of action in relation to the joint development agreement and to assess the potential impact to the financials of Malton and its subsidiaries,” Malton said in a bourse filing.
DPS Resources to buy land in Melaka for RM46 mil to undertake mixed development
The acquisition is part of the group’s strategy to expand its land bank and enhance its presence in the property market in Melaka, the manufacturer of rubber wood furniture and roof trusses said in a stock exchange filing.
Axis REIT posts small rise in 1Q net property income, declares 2.05 sen income distribution
Axis REIT’s manager is optimistic that in view of the satisfactory performance of the REIT’s existing property portfolio and its growth strategy to actively pursue quality investments, it will be able to maintain its current performance for FY2023.
DONE DEAL: Office, The Exchange 106, Kuala Lumpur
DONE DEAL: Semi-detached, Old Klang Road, Federal Territory, Kuala Lumpur DONE DEAL: Shop, Chow Kit, Kuala Lumpur The Exchange 106 in Kuala Lumpur is one of Malaysia’s iconic skyscrapers housing smart and sustainable office spaces alongside other conveniences.
