KUALA LUMPUR (Feb 15): YNH Property Bhd’s proposed sale of a 5.098-acre freehold land in Desa Seri Hartamas to Sunway Group for RM170 million has been extended for a fourth time, pushing the deadline to May 12. According to a bourse filing on Thursday (Feb 15), YNH’s wholly-owned Kar Sin Bhd and Sunway Bhd unit,…
Read MoreKUALA LUMPUR (Feb 15): Property developer Maxim Global Bhd said the company’s public shareholding spread is back in compliance with Bursa Malaysia’s listing requirements. This came after Comintel Corp Bhd managing director and major shareholder Datuk Tan Kak Seng ceased to be a substantial shareholder of Maxim on Feb 7, according to a filing on…
Read MoreKUALA LUMPUR (Feb 14): UEM Sunrise Bhd has issued Islamic medium-term notes (IMTNs) worth RM500 million in nominal value. The group said the issuance was undertaken in three tranches: RM200 million first tranche with a five-year tenure maturing on Feb 12, 2029; RM100 million second tranche with a seven-year tenure maturing on Feb 14, 2031;…
Read MoreThe event was organised by the Malaysian Green Technology and Climate Change Corporation (MGTC), an agency of the Ministry of Natural Resources, Environment and Climate Change (NRECC) mandated to drive the country in the landscape of green growth, climate change mitigation, and green lifestyle. SHAH ALAM (Feb 15): S P Setia Bhd has been honoured…
Read MoreKUALA LUMPUR (Feb 13): GDB Holdings Bhd’s legal actions against Damai City Sdn Bhd (DCSB) and KSK Land Sdn Bhd over the 8 Conlay project disputes have been put back on hold for three months. This was after the court granted the pair (DCSB and KSK Land) and their parent KSK Group Bhd, another restraining…
Read MoreKUALA LUMPUR (Feb 13): Kumpulan Kitacon Bhd has secured a contract to build 182 terrace houses in the Selangor Cyber Valley for RM65.43 million. According to a bourse filing on Tuesday, Kumpulan Kitacon’s wholly-owned unit Kitacon Sdn Bhd received the letter of award from Worldwide Holdings Bhd. The contract entails main building works of 182…
Read MoreKUALA LUMPUR (Feb 13): Ireka Corp Bhd said RHB Bank Bhd has filed a lawsuit against the company, claiming RM6.53 million over an alleged default in a revolving credit facility. In a filing with Bursa Malaysia on Tuesday, Ireka said the bank had granted the revolving credit facility of RM6.5 million in 2015 and 2017…
Read MoreProperty developers have been advised to take into account new demands from buyers when launching new projects. (Bernama pic) PETALING JAYA: Property developers have been advised to conduct feasibility studies before they launch new projects to ensure that they meet purchasers’ requirements. For instance, many now consider a good location and proximity to conveniences such…
Read MoreKUALA LUMPUR (Feb 13): The construction works for the East Coast Rail Link (ECRL) project near Desa Melor, Serendah have taken into consideration minimal impact and comply with guidelines and conditions, according to Malaysia Rail Link Sdn Bhd (MRL). MRL, as the owner of the ECRL project, in a statement on Friday concerning a news portal report…
Read MoreKUALA LUMPUR (Feb 13): Berjaya Assets Bhd (BAssets) had been disposing of its shares in its major shareholder Berjaya Corp Bhd (BCorp) from last August to this month, to the tune of 0.48% of BCorp’s share base, for RM8.24 million cash. According to a Bursa filing on Friday, BAssets’s wholly owned unit Berjaya Bright Sdn…
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