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Mah Sing's Net Profit Rises To RM240.75 Mln In FY2024

KUALA LUMPUR, Feb 27 (Bernama) -- Mah Sing Group Bhd's net profit for the financial year ended Dec 31, 2024 (FY2024) rose to RM240.75 million from RM215.29 million recorded in FY2023, demonstrating the resilient demand for its affordably priced and strategically located developments.

Alliance Bank 3Q Net Profit Rises To RM186.67 Mln Along With Higher Revenue

KUALA LUMPUR, Feb 27 (Bernama) -- Alliance Bank Malaysia Bhd’s net profit for the third quarter ended Dec 31, 2024 (3Q FY2025) was 5.5 per cent higher at RM186.67 million from RM176.86 million a year earlier.

Axis-REIT To Dispose Of The Annex For RM24.2 Mln, Net Gains To Be Distributed To Unitholders

KUALA LUMPUR, Feb 26 (Bernama) -- Axis Real Estate Investment Trust (Axis-REIT) is disposing of The Annex in Petaling Jaya for RM24.2 million, with net gains from the transaction to be distributed to unitholders.

Anaqua Acquired By Nordic Capital To Boost IP Management Growth

KUALA LUMPUR, Feb 26 (Bernama) -- Anaqua has announced that Nordic Capital, a technology & payments private equity investor, has acquired a controlling interest in the company from Astorg.

Multiply Group To Acquire Majority Stake In Tendam, Expanding Into European Retail And Apparel Sector

KUALA LUMPUR, Feb 26 (Bernama) -- Multiply Group PJSC, the Abu Dhabi-based investment holding company, has agreed to invest in Castellano Investments S.À R.L., securing a controlling 67.91 per cent stake in the company, which owns Tendam Brands S.A.U. and other subsidiaries.

Air Borneo To Strengthen Sarawak Connectivity, Complement National Aviation Sector – Loke

SEPANG, Feb 24 (Bernama) -- The establishment of AirBorneo, backed by the Sarawak government, is poised to strengthen regional connectivity and enhance air travel options in Sabah and Sarawak, without disrupting the country’s existing aviation landscape, said Transport Minister Anthony Loke.

Radium Group to Buy Three Land Parcels For RM458 Mln

KUALA LUMPUR, Feb 24 (Bernama) -- Radium Development Bhd’s wholly owned indirect subsidiary, Radium J Velodrome Sdn Bhd (RVSB), has proposed to acquire a mixed-use land parcel and two commercial land parcels for RM458 million.  

KLCCD Outlines Plans For Unique, Inclusive, And Sustainable Bandar Malaysia Project - MoF

KUALA LUMPUR, Feb 20 (Bernama) — The developer behind the Bandar Malaysia project, KLCC Development Sdn Bhd (KLCCD), which is a wholly-owned subsidiary of KLCC (Holdings) Sdn Bhd (KLCCH), has outlined plans to create a unique, inclusive, and sustainable development, according to the Ministry of Finance (MoF).

FM Global Logistics Unit Partners With Three Companies To Deepen ESG Commitment

KUALA LUMPUR, Feb 20 (Bernama) -- FM Global Logistics Holdings Bhd via its wholly-owned unit FM Global Logistics Sdn Bhd has partnered with three companies, Scania Malaysia Sdn Bhd, Solarvest Energy Sdn Bhd, and JAC Motors Malaysia Sdn Bhd, to deepen its commitment to the environmental, social, and governance (ESG) agenda.

Menlo Security Acquires Votiro To Enhance Data Security For Enterprises

KUALA LUMPUR, Feb 20 (Bernama) -- Menlo Security, the industry leader of secure enterprise browsers, has announced its acquisition of Votiro, a data and file security platform that specialises in advanced Content Disarm & Reconstruction (CDR) and data loss prevention.

Eco World's Net Gearing To Stay Healthy Post-stake Acquisition In Paragon Pinnacle -- Investment Banks

KUALA LUMPUR, Feb 19 (Bernama) --  Eco World Development Group Bhd’s net gearing is expected to remain healthy after acquiring the remaining 40 per cent stake in Paragon Pinnacle Sdn Bhd from the  Employees Provident Fund’s unit Tanjung Wibawa Sdn Bhd for RM184.08 million, said two investment banks.

Yinson Production Completes Acquisition Of Stella Maris CCS

KUALA LUMPUR, Feb 19 (Bernama) -- Yinson Holdings Bhd’s offshore business arm, Yinson Production, has completed the acquisition of 100 per cent shares in Norway-based Stella Maris CCS AS from Altera Infrastructure.