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Sentoria’s external auditor issues disclaimer of opinion on financial statements; shares to resume trading on May 14 after filing annual report

3 days ago | edgeprop.my | John Lai

Pertaining to the auditor’s disclaimer, Messrs Kreston John & Gan highlighted that there were material uncertainties that may cast significant doubt on Sentoria’s ability to continue as a going concern, the group said in a filing with Bursa Malaysia on Tuesday.
New data centre demand 'has not stopped', to benefit Johor-Equinix Malaysia MD

1 week ago | edgeprop.my | Luqman Amin |Anis Hazim

“Singapore is clearly at the stage where I don't think we can expand anymore in terms of physical capacity.”CYBERJAYA (May 7): As Singapore reaches its physical limits for data centre expansion, Malaysia—particularly Johor—is emerging as a preferred destination for global digital infrastructure providers, said Equinix Malaysia managing director Cheam Tat Inn.
US firm Equinix completes second phase of data centre in Cyberjaya

1 week ago | edgeprop.my | Luqman Amin |Anis Hazim

The latest expansion adds 450 cabinets to the KL1 facility, bringing its total capacity to 900 cabinets once operational, with a power load of 2.4 megavolt-amperes (MVA). CYBERJAYA (May 7): Nasdaq-listed digital infrastructure company Equinix Inc has completed the second phase of its KL1 International Business Exchange (IBX) data centre in Cyberjaya, Selangor.
Ekovest gets govt approval for two links connecting to DUKE

1 week ago | edgeprop.my | John Lai

Together, the three links span about 75.2 kilometres and will connect to the main DUKE sprawling the Klang Valley. KUALA LUMPUR (May 6): Ekovest Bhd (KL:EKOVEST) said on Monday the government has approved the construction of two links under Phase 2A of the Duta-Ulu Kelang Expressway, also known as the DUKE project. Laluan Istana Kiara will proceed first with the signing of the concession agreement after it has been cleared by the Attorney General’s Chambers, Ekovest said in an exchange filing.
Eco World International surges on pivot to Malaysia

2 weeks ago | edgeprop.my | Anis Hazim

The move leverages Eco World International’s strong balance sheet and allows for future collaborations with Eco World Development Group Bhd (KL:ECOWLD) for a “fresh income base” while reducing earnings volatility from overseas projects, Maybank Investment Bank said. KUALA LUMPUR (May 2): Shares of Eco World International Bhd’s (KL:EWINT) rose on Friday to its highest in two months following a planned pivot from foreign markets to the Malaysian market.
HHRG issues show cause letter to CEO, extends suspension

2 weeks ago | edgeprop.my | Anis Hazim

“The suspension is extended until further notice pending Fong’s reply to the show cause and the board's deliberation on his reply,” HHRG said. KUALA LUMPUR (April 29): HHRG Bhd (KL:HHRG), formerly known as Heng Huat Resources Group Bhd, said that the company has issued a show cause letter to its CEO Fong Chee Khuen.
Axis REIT 1Q income jumps on new acquisitions, tenancies and rental rates

3 weeks ago | edgeprop.my | Adam Aziz

Quarterly earnings per unit rose to 2.44 sen, from 2.42 sen in 1QFY2024. The commercial and industrial REIT declared a dividend of 2.5 sen per unit, up from 2.3 sen last year. KUALA LUMPUR (April 23): Axis Real Estate Investment Trust (Axis REIT) (KL:AXREIT) net income rose 16.2% to RM49.13 million in its first quarter ended March (1QFY2025) from RM42.27 million in 1QFY2024, as new acquisitions, tenancies and rental rates boosted its property income.
SCIB clarifies suit against developer Awana JV over scrapped Perak project still on

3 weeks ago | edgeprop.my | Anis Hazim

The clarification came after the group announced via a bourse filing on Tuesday that it had filed a notice of discontinuance for the suit, which has been consolidated under a main suit. KUALA LUMPUR (April 23): Sarawak Consolidated Industries Bhd (KL:SCIB) on Wednesday clarified that its subsidiary’s RM19.72 million recovery claim against Awana JV Suria Saga Sdn Bhd has not been withdrawn, but has instead been consolidated into a main suit to streamline litigation proceedings.
MGB settles RM7.23m with JV partner to revive Cameron Highlands project after six years

3 weeks ago | edgeprop.my | John Lai

The deal allows MGB to start getting approvals and launch the project in the third quarter, which is expected to take four years to complete. KUALA LUMPUR (April 22): MGB Bhd proposes to settle RM7.23 million with joint venture partner Aset AZG Sdn Bhd (AASB) to kick start a serviced apartment project in Cameron Highlands which has been on the back burner for six years.
Parkway Life REIT to divest Malaysian property for RM20m

3 weeks ago | edgeprop.my | Nicole Lim

The property is currently Parkway Life Malaysia’s sole asset and contributes 0.2% to its asset value. SINGAPORE (April 21): Parkway Life Real Estate Investment Trust's (REIT) wholly owned Malaysian subsidiary Parkway Life Malaysia has entered a sale and purchase agreement for the divestment of strata units and lots at MOB Specialist Clinics in Kuala Lumpur for RM20.09 million. The property spans 2,444 sq m and has a freehold land tenure.