Izzul Ikram

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Articles

Awantec selling Cyberjaya office building for RM25m

2 months ago | edgeprop.my | Izzul Ikram

Seven floors of the property, totalling 35,904 square feet, are rented to Commerce Dot Com Sdn Bhd while the remaining floor, encompassing 4,471 square feet, serves as an office for Awantec and its units. KUALA LUMPUR (Jan 31): AwanBiru Technology Bhd (KL:AWANTEC) is disposing of an eight-storey office and retail building in Cyberjaya to tenant Puncak Hartanah Intelek Sdn Bhd for RM25 million.
Citaglobal to buy 1.6-acre land in KL for RM73 mil

2 months ago | edgeprop.my | Izzul Ikram

The energy and construction outfit said it sees the purchase as a strategic opportunity for long-term value creation and growth, citing the increasing scarcity of sizeable and well-positioned commercial land in the city. KUALA LUMPUR (Jan 31): Citaglobal Bhd (KL:CITAGLB) signed a deal on Friday to buy a 1.58-acre land at Jalan Tun Razak from Bank Islam Malaysia Bhd (KL:BIMB), for RM73 million.
TH Plantations’ unit sued for RM230m in native land dispute

2 months ago | edgeprop.my | Izzul Ikram

Nine individuals are suing TH Pelita Simunjan on behalf of themselves and other owners of native customary rights (NCR) land in Simunjan, Sarawak, said TH Plantation, the plantation arm of Lembaga Tabung Haji, in a bourse filing on Tuesday. KUALA LUMPUR (Jan 28): TH Plantations Bhd’s (KL:THPLANT) said its 60%-owned unit TH Pelita Simunjan Sdn Bhd is being sued for RM230.25 million for allegedly trespassing on native land.
Ecobuilt plans capital reduction and rights issue

2 months ago | edgeprop.my | Izzul Ikram

The move is expected to eliminate the company’s RM29.45 million accumulated losses at end-August 2024, leaving it with pro forma retained earnings of RM5 million. KUALA LUMPUR (Jan 28): Loss-making construction company Ecobuilt Holdings Bhd (KL:ECOHLDS) has proposed a share capital reduction to wipe out its accumulated losses, as well as a rights issue to raise fresh capital.
Taghill’s RM39m columbarium job mutually terminated

2 months ago | edgeprop.my | Izzul Ikram

Taghill’s wholly owned unit Siab (M) Sdn Bhd has agreed with the client, City Centre Columbarium Bhd, to mutually terminate the contract awarded in March 2021, according to the construction outfit’s bourse filing on Tuesday. KUALA LUMPUR (Jan 28): Taghill Holdings Bhd (KL:TAGHILL) said it is not proceeding with a RM38.88 million contract to build a 15-storey columbarium in the city centre due to escalating material costs.
No ‘significant financial impact’ expected from Majujaya suit, says Bina Puri

2 months ago | edgeprop.my | Izzul Ikram

The suit revolves around a RM28.17 million sum in unpaid returns stipulated in the JVA plus interest Wisma Majujaya alleges Bina Puri failed to pay it and the company is thus claiming for. KUALA LUMPUR (Jan 27): Bina Puri Holdings Bhd (KL:BPURI) said the company does not expect “any significant financial and operational impact” from the RM28.17 million lawsuit by Wisma Majujaya Sdn Bhd in relation to a joint venture agreement (JVA) to develop a project in Johor.
Crescendo sells third parcel to Microsoft for RM119.8 mil in Johor

2 months ago | edgeprop.my | Izzul Ikram

Crescendo’s wholly-owned unit Panoramic Industrial Development Sdn Bhd inked a sale and purchase agreement with Microsoft's unit Microsoft Payments (M) Sdn Bhd for the land sale, according to the property developer's bourse filing on Monday. KUALA LUMPUR (Jan 27): Johor-based property developer Crescendo Corp Bhd (KL:CRESNDO) is selling a 22.55-acre piece of land in Pulai, Johor, to Microsoft for RM119.83 million, marking its third land deal since with the global tech giant.
Sentral REIT's net property income flat in 4Q, up 20.4% for full year

Jan 22, 2025 | edgeprop.my | Izzul Ikram

Revenue increased 5.54% to RM47.38 million from RM44.89 million, while property operating expenses rose 10.52% to RM11.5 million versus RM10.4 million a year earlier. KUALA LUMPUR (Jan 22): Sentral REIT (KL:SENTRAL) ended the final financial quarter with a flat net property income (NPI), as revenue gains were offset by operating expenses for Menara CelcomDigi.
KTI Landmark explores affordable housing project in Kota Kinabalu

Jan 22, 2025 | edgeprop.my | Izzul Ikram

KTI’s wholly owned unit KTI Sdn Bhd accepted a letter of intent in relation to the project from Sabah’s Housing and Town Development Authority on Tuesday. KUALA LUMPUR (Jan 21): ACE Market-listed KTI Landmark Bhd (KL:KTI) is exploring a potential affordable housing project in Kota Kinabalu, Sabah, to be jointly developed with a state government agency.
Taghill bags RM58 mil commercial complex construction job

Jan 21, 2025 | edgeprop.my | Izzul Ikram

The 18-storey commercial complex comprises 271 hotel rooms, offices, restaurants, cafes, function rooms, banquet halls and swimming pools. KUALA LUMPUR (Jan 21): Taghill Holdings Bhd’s (KL:TAGHILL) said it has secured a RM58 million contract for construction work on an 18-storey commercial complex in Ipoh.