KIP REIT’S PORTFOLIO EXPANDS TO 12 PROPERTIES WITH COMPLETION OF STRATEGIC GERIK ACQUISITION
Pacific Trustees Berhad, trustee of KIP Real Estate Investment Trust (“KIP REIT”), has completed the acquisition of a prime retail property in Gerik, Perak. This addition expands KIP REIT’s portfolio to 12 assets, including seven KIPMalls, AEON Mall Kinta City, and industrial properties in Pulau Indah.
The newly acquired single-storey hypermarket, leased to TF Value-Mart with a 7.5% initial yield, adds 60,895 square feet to KIP REIT’s total net lettable area, now reaching 2.15 million square feet. KIP REIT CEO Valerie Ong Pui Shan remarked, “This acquisition aligns with our focus on high-yield, growth-oriented assets, enhancing income stability and portfolio quality for unitholders
T7 GLOBAL LAUNCHES T7 FACILITY FABRICATION YARD IN KEMAMAN AND SECURES SECOND WIN MCM AND HUC CONTRACT
T7 Global Berhad (“T7 Global” or the “Group”) celebrated the inauguration of its T7 Facility fabrication yard in Kemaman, Terengganu, designed to support its engineering, fabrication, and maintenance operations.
The Group also announced a new five-year contract awarded to its subsidiary, Tanjung Offshore Services Sdn. Bhd., from IPC Malaysia B.V. for Pan-Malaysia maintenance and commissioning services, with options to extend up to five additional years.
KERJAYA PROSPEK PARTNERS ASPEN VISION TO EMBARK ON NEW MAJOR DEVELOPMENT PROJECT IN PENANG
Kerjaya Prospek Group Berhad (“Kerjaya”) has partnered with Aspen Vision Development Sdn. Bhd. to develop a 36-acre mixed-use project in Seberang Perai Tengah, Penang. The project, featuring affordable housing, residential units, and commercial spaces, will begin construction by end-2024.
T7 GLOBAL UNVEILS DRILLING JACK-UP RIG
T7 Global Berhad proudly welcomes the arrival of our new Drilling Jack-up Rig at Dorsett Grand Labuan! This high-performance rig, designed for oil and gas drilling in depths up to 375 feet, will support Petronas Carigali’s plug and abandonment program for 53 wells across Malaysia. A significant step towards responsible decommissioning and environmental protection!
CENSOF SECURES RM4.04 MILLION CONTRACT TO DELIVER AND MAINTAIN AN INTEGRATED ACCOUNTING SYSTEM FOR TH TRAVEL & SERVICES
Censof Holdings Berhad (“Censof”) announced a RM4.04 million project with TH Travel & Services, led by its subsidiary Century Software. The project includes an integrated accounting system and automation tools to enhance financial management and efficiency at THTS.
UNIQUE FIRE ADVANCES TO THE NEXT LEVEL WITH THE PROPOSED TRANSFER TO THE MAIN MARKET
Unique Fire has proposed a transfer from the ACE Market to the Main Market of Bursa Malaysia, a move that highlights the Group’s strong financial standing, consistent performance, and growth in the fire safety industry since their listing in August 2022. Unique Fire has met the profit and capital criteria set by Bursa Malaysia and is well-positioned for continued success.
PARKWOOD BUYS RAWANG LAND FOR RM30.9 MILLIONFOR LANDED HOUSING DEVELOPMENT
Parkwood has acquired 32.3 acres of freehold land in Rawang for RM30.9 million, setting the stage for a modern residential enclave designed around sustainability, community, and seamless connectivity.
Singapore’s first fully electric cargo vessel,Yinson GreenTech’s Hydromover, wins Green Ship Award at SRS Forum 2024
Yinson GreenTech has been awarded the Green Ship Award at the Singapore Registry of Ships (SRS) Forum 2024 for its groundbreaking electric vessel, the Hydromover. Developed in collaboration with the Goal Zero Consortium and supported by MPA and the Singapore Maritime Institute, the Hydromover is Singapore’s first fully electric light cargo vessel.
AXIS-REIT SUCCESSFULLY RAISES RM449.73 MILLION THROUGH PRIVATE PLACEMENT
Axis Real Estate Investment Trust (Axis-REIT) has successfully raised RM449.73 million to drive its growth strategy, targeting high-quality, yield-accretive acquisitions and enhancing its current portfolio to deliver sustainable returns to unitholders. The placement price was set at RM1.71 per unit, reflecting a 5.1% discount to the average market price.
MGB NAMED AS ONE OF THE BEST PERFORMERS AT THE EDGE ESG AWARDS 2024, AND SCORES DIAMOND 1 STAR AT MOSHPA’s 20th OSH EXCELLENCE AWARDS 2024 WITHIN THE SAME WEEK
MGB Berhad (“MGB”), a subsidiary of LBS Bina Group Berhad, has received two notable awards for its ESG initiatives. The company secured the Silver award for Best Performer by Sector (Construction) at The Edge Malaysia ESG Awards 2024 and the Diamond 1 Star award for OSH Management from MOSHPA.
These recognitions highlight MGB’s commitment to sustainability and workplace safety, while the company continues progressing towards its Net Zero Carbon Emissions goal by 2050.
