KUALA LUMPUR (May 14): YNH Property Bhd’s (KL: YNHPROP) proposed sale of a 5.098-acre freehold land in Desa Sri Hartamas to Sunway Bhd (KL:SUNWAY) for RM170 million has been extended for a fifth time, stretching the deadline by another year to May 12, 2025, as more conditions are being added to the deal following the…
Read MoreKUALA LUMPUR (May 13): IOI Properties Group Bhd (KL:IOIPG) has announced the resignation of its chief financial officer Melissa Tan Swee Peng (pictured) effective from June 3, after having served the company for about two years. Tan, 50, is resigning “to pursue other personal interests and opportunities”, the property developer said in a filing with…
Read MoreKUALA LUMPUR (May 13): Another tree has fallen in the city, this time on Jalan Pinang near Menara Prestige. According to a report by The Star, the fallen tree has blocked all lanes on the road while several cars appeared to have been damaged. The New Straits Times reported that a Kuala Lumpur Command and…
Read MoreKUALA LUMPUR (May 13): Eversendai Corp Bhd’s recent sharp rise in its share price has attracted scrutiny from Bursa Malaysia, which issued an unusual market activity (UMA) query to the steel structure and fabrication company on Monday. Shares of Eversendai jumped as much as 27.64% or 17 sen to a high of 78.5 sen during…
Read MoreKUALA LUMPUR (May 13): Gagasan Nadi Cergas Bhd (KL:NADIBHD) launched its latest affordable housing project named Idaman Amani in the City of Elmina, Selangor on May 11 (Saturday) in conjunction with the opening of the Gagasan Nadi Cergas’ Galeri Idaman sales gallery at Kwasa Damansara, according to a press statement on Monday. With a gross…
Read MoreKUALA LUMPUR (May 10): Ajiya Bhd (KL:AJIYA) has entered into a loan agreement with Chin Hin Group Bhd (Chin Hin)(KL:CHINHIN) to provide a loan of up to RM250 million to Chin Hin. The loan facility will have an interest rate of 7.5% per annum. Ajiya said the loan is expected to be drawn down by…
Read MoreKUALA LUMPUR (May 11): A total of 268 electric vehicle (EV) charging stations have been operational, bringing the total number of EV charging bays to 2,288 units as of March 2024, according to the Ministry of Investment, Trade, and Industry (Miti). Minister Tengku Datuk Seri Zafrul Abdul Aziz (pictured) said that while the goal of…
Read MoreKUALA LUMPUR (May 13): Trading of securities in AME Elite Consortium Bhd (KL:AME) has been suspended on Monday, ahead of a material announcement. “The board of directors of the company wishes to announce that Bursa Malaysia Securities has approved the company’s request for suspension in the trading of its securities from 9am to 5pm on…
Read MoreKUALA LUMPUR (May 10): At the close of Chin Hin Group Bhd’s (KL:CHINHIN) mandatory takeover offer (MGO) for all the remaining stakes in Signature International Bhd (SIB) (KL:SIGN), Chin Hin received acceptances for over 245.53 million shares, or the equivalent of a 38.69% stake. Consequently, the home-grown building materials specialist’s shareholding in SIB has been…
Read MoreKUALA LUMPUR — For the average Malaysian, owning a property is a dream come true, but for many it remains a pipe dream, no thanks to spiralling housing prices which are beyond their reach. It is therefore only too apt to say Malaysians, especially those from the middle- and lower-income groups, literally put in a…
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