KUALA LUMPUR (Aug 5): Shares of construction and property group WCT Holdings Bhd (KL:WCT) plunged to their lowest in one month, after the stock exchange suspended intraday short-selling activities of the stock on Monday morning. The suspension was triggered after the counter dropped more than 15% or 15 sen from its reference price. The stock’s…
Read MoreKUALA LUMPUR (Aug 5): Even if the United States (US) Federal Reserve cuts its interest rates as anticipated, Bank Negara Malaysia (BNM) is expected to hold the Overnight Policy Rate (OPR) at 3% by the end of 2025, amid a strengthening ringgit. Maybank Investment Bank Bhd (Maybank IB) said with easing inflation and rising unemployment,…
Read MoreKUALA LUMPUR (Aug 2): Construction and property group WCT Holdings Bhd (KL:WCT) plans to raise up to RM163.06 million via a private placement of shares to third-party independent investors. The fundraising exercise involves the issuance of 141.67 million new shares, equivalent to up to 10% of its 1.42 billion issued shares. Of the planned RM163.06…
Read MoreKUALA LUMPUR (Aug 2): Trading of the shares in Ecobuilt Holdings Bhd (KL:ECOHLDS) will be suspended, after the High Court approved a winding-up petition against the company. The suspension will take effect next Friday, Aug 9, the construction cum property firm said in a filing with the local stock exchange. To recap, Ecobuilt was served…
Read MoreKUALA LUMPUR (Aug 1): YTL Hospitality Real Estate Investment Trust (KL:YTLREIT) reported a 9.7% increase in net property income (NPI) for its fourth quarter ended June 30, 2024 (4QFY2024), rising to RM65.8 million from RM59.9 million a year earlier, driven by higher contributions from both the hotel and property rental segments. Quarterly revenue grew 10.7%…
Read MoreKUALA LUMPUR (Aug 2): Binastra Corp Bhd (KL:BNASTRA) has bagged a RM160 million contract to demolish and build an office complex in Damansara Perdana from Dynamicz Sdn Bhd. In a bourse filing, the construction firm said the contract, secured via its wholly owned Binastra Builders Sdn Bhd, covers demolition and construction of main building works…
Read MoreKUALA LUMPUR (Aug 2): AFFIN Group today announced the launch of AFFIN London Home, a mortgage solution designed to make property investments in London and Manchester more accessible for Malaysians. With growing interest from Malaysians in buying property abroad, especially in these key cities in the United Kingdom (UK), AFFIN London Home offers a range…
Read MoreKUALA LUMPUR (Aug 1): Mitrajaya Holdings Bhd (KL:MITRA) has clinched a contract worth RM37.91 million for the construction of a four-storey building with one level of sub-basement car park in Kuala Lumpur. The company, through its wholly-owned Pembinaan Mitrajaya Sdn Bhd, accepted the letter of award (LOA) from a local company on Tuesday. The contract…
Read MoreKUALA LUMPUR (July 31): Atrium REIT Managers Sdn Bhd has announced the retirement of its chief executive officer (CEO) Chan Kum Chong, effective Aug 31, 2024, to pursue personal interests. Atrium REIT Managers is the manager of Atrium Real Estate Investment Trust (REIT) (KL:ATRIUM). In a filing with Bursa Malaysia, Atrium REIT Managers said its…
Read MoreKUALA LUMPUR (July 31): UEM Group Bhd confirmed on Wednesday that its managing director Datuk Mohd Izani Ghani is leaving the engineering-based infrastructure company to take over as the MD of Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT). The Edge Malaysia weekly had reported on June 17 that Mohd Izani was one of the candidates…
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