News by Hee En Qi

Property developer Eastern & Oriental Bhd (E&O) is in talks with banks to finalise the mechanism to raise between RM1 billion to RM1.5 billion for the development of its 760-acre Andaman Island project in Penang.

Hektar Real Estate Investment Trust (Hektar REIT) is issuing five-year medium-term notes (MTN) worth RM215 million — the first issuance under Hektar MTN Satu Sdn Bhd's MTN programme of up to RM500 million in nominal value.

Spritzer Bhd, the country's largest bottled water manufacturer, has entered a joint-venture (JV) agreement to develop a residential housing project in Perak's Larut Matang district, where the group is based.

YNH Property has emerged as the second most active stock on Bursa Malaysia after Monday’s opening bell, with 97.6 million shares changing hands.

Malaysian Resources Corp Bhd (MRCB), Berjaya Land Bhd (BJLand) and IJM Construction Sdn Bhd (IJM) confirmed that they are in a consortium, together with Keretapi Tanah Melayu Bhd (KTMB), to bid for the Kuala Lumpur-Singapore high-speed rail (HSR) project.

YNH Property Bhd and Sarawak Consolidated Industrial Berhad (SCIB) have emerged among the top active stocks on Bursa on Monday, posting record levels of trading activity.

The selling wave for penny stocks took a pause on Monday morning, although two of the worst hit counters, YNH Property Bhd and Rapid Synergy Bhd, hit limit down again, soon after the opening bell.

Sarawak Consolidated Industries Bhd (SCIB) is in talks with the Sarawak state government over a potential land acquisition, the company said in response to an unusual market activity (UMA) query issued on Wednesday, after its shares hit limit down for the second consecutive day.

Shares of Sarawak Consolidated Industries Bhd (SCIB) plunged 30 sen or 35.93% in Wednesday's morning session, hitting limit down for the second consecutive day, erasing all gains in the last three months.

Maybank Investment Bank has forecast the earning growth of Malaysia real estate investment trusts (REITs) to remain decent at 9.1% in 2024, compared with an estimated 6.9% in 2023, on the back of sustained occupancy, rental rates and new asset injection.