KUALA LUMPUR (Jan 12): YNH Property Bhd has revealed that it is exploring proposals to sell certain landed properties of the company and its subsidiaries in response to an unusual market activity (UMA) query from Bursa Malaysia. The property developer, however, said that these proposals are still under discussion, and it would be more appropriate…
Read MoreKUALA LUMPUR (Jan 12): Tuju Setia Bhd has bagged a RM209 million contract from Avaland Bhd (previously known as MCT Bhd) for the construction of two blocks of service apartments in USJ 25, Subang Jaya. The Alora Residences project is slated to be completed in 33 months with work tentatively scheduled to commence in the…
Read MoreKUALA LUMPUR (Jan 11): Both Rapid Synergy and Imaspro Corp Bhd, which received unusual market activity (UMA) queries from Bursa Malaysia on Wednesday (Jan 10), have responded to the local stock exchange operator. In response to Bursa’s query on Thursday, industrial mould manufacturer Rapid Synergy said its management is currently considering proposals to sell certain…
Read MoreKUALA LUMPUR (Jan 12): Magna Prima Bhd, which drew the attention of Bursa Malaysia Securities Bhd following a spike in its share price over the last three days, said it is in “final stage of negotiations for the monetisation of one of its land bank”. In a reply to the stock market regulator’s unusual market…
Read MoreAs part of Ascott’s expansion strategy in Malaysia, the brand has launched several properties across the country by AKMAR ANNUAR IN 2022, CapitaLand Investment Ltd’s branch, The Ascott Ltd, introduced Ascott Star KLCC in Kuala Lumpur (KL) — a luxurious serviced apartment that stands among the city’s tallest buildings. This elegant 58-storey property, formerly known…
Read MoreKUALA LUMPUR (Jan 10): Nestcon Bhd has clinched RM108 million worth of construction works from property developer Exsim Avenue Sdn Bhd for a mixed commercial development project. Nestcon, through its wholly-owned unit Nestcon Builders Sdn Bhd, accepted a letter of award from Exsim Avenue on Wednesday. The work consists of main building works for a…
Read MoreKUALA LUMPUR (Jan 11): Leader Steel Holdings Bhd’s shares opened 11.5% higher on Thursdays morning, following news that it had accepted a notice of award and offer for compensation from the Klang Land Office, invoking a compulsory acquisition for a RM42.56 million piece of land in Klang, Selangor. Leader Steel opened to hit its intra-day…
Read MoreKUALA LUMPUR (Jan 11): Finology Group Sdn Bhd (Finology) recently entered into a collaboration with IFCA MSC Bhd (IFCA), creators of the PropertyX ERP (Enterprise Resource Planning) system. This partnership involves the integration of Loanplus Home – Finology’s property-oriented digital lending solution – with IFCA Software’s PropertyX platform, designed to streamline and simplify property management….
Read MoreKUALA LUMPUR (Jan 10): Malaysians should view Menara Merdeka 118 as the country’s success in navigating the twists and turns of independence and building a diverse and multicultural nation based on the spirit of nationalism. Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah said the new landmark symbolises the people celebrating the diversity of…
Read MoreKUALA LUMPUR (Jan 10): AmBank (M) Bhd has filed a petition to wind up Ireka Corp Bhd as the property developer defaulted in debt payment of RM4.34 million on Dec 12, 2023. In a filing to Bursa Malaysia, Ireka said it has received the winding-up petition on Jan 8 served by AmBank via its solicitors,…
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