KUALA LUMPUR (March 14): Exsim Development Sdn Bhd said on Thursday that its property development business will not be injected into Pan Malaysia Holdings Bhd (PMHB). The company clarified in a statement that it is not related to Exsim Hospitality Holdings Sdn Bhd, which was acquiring a 65.9% stake in PMHB even as both companies…
Read MoreKUALA LUMPUR (March 14): Shares of Eversendai Corp Bhd extended its rally and surged to its highest in five years as investors continued to accumulate the stock following contract wins totalling RM5.4 billion. Eversendai climbed as much as 16.7% or 6.5 sen to 45.5 sen during the morning session, its highest since January 2019. The…
Read MoreKUALA LUMPUR (March 14): CTOS Digital Bhd on Thursday said its wholly owned unit CTOS Data Systems Sdn Bhd (CDS) has applied for a stay of execution of a High Court judgement after CDS was ordered to pay damages to its client over inaccurate negative credit rating. Prior to filing the stay of execution, CTOS…
Read MoreKUALA LUMPUR (March 14): The Real Estate and Housing Developers’ Association (Rehda) Malaysia has defended the proposed Urban Redevelopment Act, which is currently being drafted by the Ministry of Housing and Local Government (KPKT), saying it is not to enable property developers to seize land for profit. Its president Datuk NK Tong (pictured) said the…
Read MoreKUALA LUMPUR (March 14): Global real estate network IQI has signed a Memorandum of Understanding to establish an advanced technology manufacturing park in Cambodia. The event which took place during the Digital Government Forum in Phnom Penh on Tuesday March 12 was witnessed by Malaysia’s Minister of Digital Gobind Singh Deo. Set to be located…
Read MoreBeing aware of local events helps an investor make wise investment decisions. In Malaysia, real estate prices can fluctuate due to events happening around the country. Malaysia is renowned for having a comparatively stable political and economic environment. Predictability and stability are key components that draw in investors. The general trajectory has been one of…
Read MoreKUALA LUMPUR (March 12): Building material wholesaler and distributor Unitrade Industries Bhd has acquired a two-acre land worth RM7.84 million to develop centralised labour quarter (CLQ) solutions located in Sungai Buloh, Selangor. In a filing with Bursa Malaysia on Tuesday, Unitrade said its wholly owned subsidiary Perfect CLQ Sdn Bhd had entered into a sales…
Read MoreKUALA LUMPUR (March 13): Retirement Fund Inc (KWAP) emerged as a substantial shareholder in CTOS Digital Bhd amid heavy selling pressure on Tuesday (March 12) following an unfavourable outcome towards the group in a legal dispute. Stock exchange filings showed that the Malaysia’s public sector pension fund bought 28.81 million shares on the open market,…
Read MoreKUALA LUMPUR (March 12): Boustead Properties Bhd, via its subsidiary Boustead DCP Sdn Bhd, has formed a partnership with Opus International (M) Bhd via its subsidiary Opus Energy Sdn Bhd on March 11 for sustainable energy solutions. Opus International is a wholly owned subsidiary of UEM Edgeneta Bhd. A joint statement on Tuesday said there…
Read MoreKUALA LUMPUR (March 12): Eversendai Corp Bhd said its unit is currently in talks with the Inland Revenue Board (IRB) to withdraw the winding-up petition initiated by the IRB, following the settlement of the amount allegedly owed. Its wholly owned unit Eversendai Engineering Sdn Bhd (EESB) received the winding-up petition letter from IRB on Feb…
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