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KLSE:MAHSING

7 stories mentioning KLSE:MAHSINGUpdated 18d ago

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Asia

Malaysian Blue-Chip Index Mirrors Regional Gains on Lower Oil Prices

Malaysian shares rebounded to end in green on Wednesday, after Maulidur Rasul holiday. The blue chip index mirrored positive regional performance after a decline in oil prices.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 12.21 points to end 0.7% higher at 1,748.54.In corporate news, shares of Mah Sing (KLSE:MAHSING) gained about 2% on close after its subsidiary, Capitol Avenue Development, signed conditional agreements to purchase around 14.38 acres of land in Selangor, Malaysia, for 186.2 million ringgit.MNRB (KLSE:MNRB) has submitted an application to Bank Negara Malaysia seeking the Ministry of Finance's approval for the proposed divestment of the takaful units Takaful Ikhlas Family and Takaful Ikhlas General. Shares gained over 1% on Wednesday's close.Public Bank's (KLSE:PBBANK) attributable net profit rose year on year to 1.82 billion ringgit during the second quarter from 1.76 billion ringgit. Shares gained 1% on today's close.

FTSE Bursa Malaysia KLCIKLSE:MAHSINGKLSE:MNRBKLSE:PBBANK
Asia

Mah Sing to Acquire Land for MYR186 Million

Mah Sing (KLSE:MAHSING) subsidiary, Capitol Avenue Development, signed conditional agreements to purchase around 14.38 acres of land in Selangor for 186.2 million ringgit, according to a Wednesday Bursa Malaysia filing.The property developer's unit purchase three parcels from Chin & Tan Holdings, with stepdown subsidiary, Destar Nurani, to build a residential project named M Araya, with a gross development value of around 1.92 billion ringgit.The purchase will be carried out through internal funds and bank borrowings, with completion slated for the second half of 2027.

KLSE:MAHSING
Asia

Mah Sing Group Arm to Sell Vacant Land Worth MYR618 Million

Mah Sing Group's (KLSE:MAHSING) unit Southville City agreed to sell about 78.8 acres of freehold land in its Southville City township to WG Malaysia X for 617.9 million ringgit in cash, according to a Thursday Bursa Malaysia filing.The land, priced at 180 ringgit per square foot, is being acquired for data center-related development.Proceeds will be used for infrastructure works, disposal-related expenses, working capital, and future development and investment activities.Mah Sing shares were up nearly 2% in recent trade.

KLSE:MAHSING
Asia

Mah Sing Unit Signs Term Sheet for Proposed Land Sale

Mah Sing Group's (KLSE:MAHSING) unit signed a term sheet for a proposed land disposal that could be considered a material transaction.The company said the parties are finalizing the definitive agreement, according to a Wednesday Malaysian bourse filing.Mah Sing will disclose further details of the proposed transaction once the agreement has been executed.

KLSE:MAHSING
Asia

Malaysian Shares Rebound Midweek, Mirroring Regional Gains

Malaysian shares ended in the green on Wednesday, reversing yesterday's losses. Investor sentiment mirrored an upbeat regional performance.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 3.08 points to end 0.2% higher at 1,715.56.In economic news, Bank Negara Malaysia (BNM) Governor Abdul Rasheed Ghaffour said the Malaysian economy is "well on track " to grow 4%-5% in 2026, and likely to be in the upper range, despite the energy crisis due to the war in the Middle East, with manageable inflation.The economy expanded by 5.2% in 2025, with contained inflation and the ringgit being the region's best-performing currency, through "carefully designed and sequenced reforms", he said at the opening of the two-day Sasana Symposium 2026.In corporate news, shares of Swift Energy Technology (KLSE:SET) dropped 2% on Wednesday's close after its subsidiaries received multiple purchase orders worth a total of 17 million Malaysian ringgit. The contracts are for the supply of electrical and navigational systems to energy and data center projects in Malaysia, Indonesia and Myanmar.Whereas, shares of Mah Sing's (KLSE:MAHSING) gained 2% on today's close after its unit, Elite Park Development, had a claim brought to the Kuala Lumpur High Court against Zulhkiple Abu Bakar and two others dismissed. The court allowed the first defendant's counterclaim of 114,088 million ringgit and ordered the property developer's subsidiary to pay total costs of 1.7 million ringgit to all the defendants.

FTSE Bursa Malaysia KLCIKLSE:MAHSINGKLSE:SET
Asia

Mah Sing's Unit Loses Suit, Ordered to Pay MYR1.7 Million

Mah Sing's (KLSE:MAHSING) subsidiary, Elite Park Development, had a claim brought to Kuala Lumpur High Court against Zulhkiple Abu Bakar and two others dismissed, according to a Tuesday filing with Bursa Malaysia.The court allowed the first defendant's counterclaim of 114,088 million ringgit and ordered the property developer's subsidiary to pay total costs of 1.7 million ringgit to all the defendants.Meanwhile, Elite Park will continue to obtain legal guidance on the matter and will take appropriate next steps.

KLSE:MAHSING
Asia

Mah Sing Shareholders Approve MYR274 Million Land Acquisition in Johor, Malaysia

Mah Sing Group (KLSE:MAHSING) shareholders approved the proposed acquisition of about 419.17 acres of freehold land in Johor, Malaysia, at an extraordinary general meeting on Wednesday.The land will be acquired by the company's unit, M Industrial Development, from Aura Muhibah for 273.9 million ringgit in cash, the filing said.Mah Sing plans to develop the site into MS Industrial Park @ Kulai, an integrated industrial development with an estimated gross development value of 2.26 billion ringgit.

KLSE:MAHSING

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