KUALA LUMPUR (June 14): Trive Property Group Bhd (KL:TRIVE) has proposed a bonus issue of warrants on the basis of two warrants for every five existing shares, to reward its shareholders and strengthen its financial position and capital base. As at May 31, 2024, Trive Property’s total issued share capital is RM196.04 million comprising 1.26…
Read MoreKUALA LUMPUR (June 17): The online ambassador initiative, introduced by the Ministry of Housing and Local Government (KPKT), does not involve additional costs, said its minister Nga Kor Ming. (pictured) He said the initiative, aimed at better promoting KPKT products and services, could otherwise cost hundreds of thousands of ringgit if using a key opinion…
Read MoreKUALA LUMPUR (June 15): The Tourism, Arts and Culture Ministry (MOTAC) yesterday officially revealed the latest conditions for the Malaysia My Second Home (MM2H) programme. Among them are that the ministry will not continue with the original agents while agents with expired licences must reapply according to the new regulations and conditions. It is also…
Read MoreKUALA LUMPUR (June 14): Malaysia Property Exposition (MAPEX) 2024 will specifically feature a ‘Green Section’, which is in line with the government’s aspiration towards sustainability in the Malaysian property sector. Organiser REHDA Malaysia hopes that this special section will help create public awareness towards green and eco-friendly property developments. MAPEX 2024 will be held at…
Read MoreKUALA LUMPUR (June 14): OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK) has partnered with Affin Bank Bhd (KL:AFFIN) in the bank’s new mortgage programme “Affinita”, aimed at providing women with financial solutions towards homeownership. According to a statement on Thursday (June 13), “Affinita” is designed to meet the needs and…
Read MoreKUALA LUMPUR (June 14): Tropicana Corp Bhd (KL:TROP) has announced a partnership with Samsung Malaysia Electronics Sdn Bhd to offer artificial intelligence (AI) home appliances in its upcoming developments. The home appliances will be sourced from Samsung’s Bespoke AI collection, including refrigerators, washers, air conditioners and vacuums, according to a press statement on Thursday. The…
Read MoreKUALA LUMPUR (June 14): Property developer Glomac Bhd’s net profit rose 8% to RM15.34 million for the fourth quarter ended April 30, 2024 (4QFY2024), from RM14.1 million a year ago, thanks to its recognition of RM17 million fair value gain on investment property. Earnings per share stood at 1.99 sen in 4QFY2024, up from 1.84…
Read MoreKUALA LUMPUR (June 13): Property developer LBS Bina Group Bhd (KL:LBS) said on Thursday that it has unbilled sales of RM1.71 billion as at end-May, which will be recognised in the upcoming years. The company has launched three projects this year, totalling RM1.1 billion in value, according to a statement. These projects include D’Island Residence…
Read MoreKUALA LUMPUR (June 13): Solarvest Holdings Bhd (KL:SLVEST) is buying four levels of office space with 200 parking bays and a rooftop retail unit in the Solarvest Tower, which is currently under construction, from Chin Hin Group Property Bhd (KL:CHGP). The purchase costs Solarvest RM48.73 million cash. The transaction is deemed a related party transaction…
Read MoreKUALA LUMPUR (June 13): IOI Properties Group Bhd (KL:IOIPG) has officially opened its 4.05-hectare Central Park in IOI Resort City, Putrajaya. Nestled adjacent to the Palm Garden Hotel and in close proximity to the 2.5 million-square-foot IOI City Mall, this new park promises to become a vibrant hub for residents and visitors alike. IOI Resort…
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