KUALA LUMPUR (Dec 23): Mega First Corp Bhd (KL:MFCB) announced that its executive director, Goh Nan Yang, will step down from his position effective Dec 31, upon the expiry of his employment contract. In line with his resignation, Nan Yang will also vacate his role as an alternate director to MFCB’s executive chairman, Goh Nan…
Read MoreKUALA LUMPUR (Dec 23): KLCC (Holdings) Sdn Bhd, a unit of national oil and gas company Petroliam Nasional Bhd (Petronas), on Monday said that it has acquired 486 acres (196.68 hectares) of Bandar Malaysia land for an undisclosed price. A sale-and-purchase agreement for the land, the site of the former Royal Malaysian Air Force base…
Read MoreKUALA LUMPUR (Dec 23): The government on Monday announced an additional rooftop solar quota under the net energy metering (NEM) mechanism for households (NEM Rakyat) and the commercial and industrial segment (NEM Nova). NEM Rakyat will be increased by 150 megawatts (MW) to 600MW, while NEM Nova will be increased by 300MW to 1,700MW, the…
Read MoreKUALA LUMPUR (Dec 19): Trinity Group is equipping five of its flagship developments with automated external defibrillators (AEDs) and mobility-assistance equipment to enhance resident safety and as part of its environmental, social, and governance (ESG) initiatives. In a press release issued Dec 19, the developer said that this initiative addresses the rising need for residential…
Read MoreKUALA LUMPUR (Dec 19): Chai Woon Yun, daughter of Aset Kayamas founder Tan Sri Datuk Chai Kin Kong, has become the largest shareholder of Kanger International Bhd through a private placement. She subscribed for 122.32 million shares through a private placement on Dec 13, representing a 13.9% stake in the company. That raised her total…
Read MoreKUALA LUMPUR (Dec 18): Aeon Co (M) Bhd (KL:AEON) plans to appeal the High Court’s ruling that the department store and mall operator had breached a tenancy agreement it had entered into with Betanaz Properties Sdn Bhd, a 51%-owned subsidiary of Ahmad Zaki Resources Bhd (KL:AZRB). With the ruling, the court had also ordered that…
Read MoreKUALA LUMPUR (Dec 17): The High Court has ruled in favour of Ahmad Zaki Resources Bhd’s (KL:AZRB) 51%-owned unit, Betanaz Properties Sdn Bhd, in a suit against Aeon Co (M) Bhd (KL:AEON) over a tenancy agreement dispute dating back three years. According to a bourse filing by AZRB, the court, in delivering its decision on…
Read MoreKUALA LUMPUR (Dec 18): YNH Property Bhd (KL:YNHPROP) executive chairman Datuk Dr Yu Kuan Chon has been redesignated as an executive director of the property developer. Kuan Chon, 62, is YNH Property’s largest shareholder controlling a direct and indirect shareholding of 32.58% as at Oct 7, 2024. Kuan Chon’s brother, Datuk Yu Kuan Huat, who…
Read MoreKUALA LUMPUR (Dec 16): Imaging company Crest Group Bhd (KL:CREST), which was listed on the ACE Market two months ago, said it is acquiring an industrial property in Puchong, Selangor for RM16.5 million to establish its new headquarters. In a filing with Bursa Malaysia on Monday, Crest said it is buying the property from Oasis…
Read MoreBy Joseph Wong As we step into 2025, Malaysia’s property market is poised for incremental growth, particularly in the realm of foreign home buyers. Experts predict a modest yet sustainable increase of up to 5% in foreign property purchases, reflecting a steady recovery from the pandemic-driven uncertainties of previous years. This forecast signals not only…
Read More
