Expanded SST on Commercial Rental Expected to Impact Retail Sector
KUALA LUMPUR 12 June – The Malaysia Retail Chain Association (MRCA) acknowledges the recent announcement by the Ministry of Finance regarding the implementation of the expanded Sales and Service Tax (SST), which will take effect on July 1, 2025. The inclusion of commercial rental under the new SST scope, alongside selected goods and services, marks a […]
Lagenda Properties Posts 17.2% Revenue Growth in Q1 FY2025, Unveils Maiden Phase of 1,000-Acre Kulai Township
KUALA LUMPUR, 27 May 2025 – Lagenda Properties Berhad (“Lagenda” or “the Group”) (KLSE: LAGENDA – 7179), a leading developer of affordable housing and integrated townships, recorded a 17.2% increase in revenue, rising from RM225.62 million in Q1FY2024 to RM264.40 million in the current quarter. The Group reported a net earnings of RM44.59 million for […]
ICT ZONE ASIA sets IPO Price at RM0.20 to raise RM26.60 million in ACE Market Transfer, eyeing unbilled order book of RM500 mil post listing
KUALA LUMPUR 13 May — ICT Zone Asia Bhd (“ICT Zone Asia” or “the Group”; KLSE: ICTZONE (03038)), a rapidly growing provider of technology financing solutions, has launched its prospectus in conjunction with its transfer listing from the LEAP Market to the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). Priced at RM0.20 per […]
ICT Zone Asia moves forward with ACE Market IPO, appoints Malacca Securities and Kenanga Investment Bank as Joint Underwriters despite market volatility
KUALA LUMPUR (24 April) — Technology financing solutions provider, ICT Zone Asia Berhad (“ICT Zone Asia” or “the Group”; KLSE: ICTZONE (03038)) has signed an underwriting agreement with Malacca Securities Sdn Bhd and Kenanga Investment Bank Berhad for its transfer of listing from the LEAP Market to the ACE Market of Bursa Malaysia Securities Berhad. […]
INTI and MRCA Collaborate to Enhance Industry-Relevant Education
INTI International University & Colleges (INTI) and the Malaysia Retail Chain Association (MRCA) have signed a Memorandum of Understanding (MoU) to strengthen the ties between education and industry. This collaboration aims to develop qualifications driven by industry needs, professional training programmes, and foster knowledge exchange between business leaders and students. The agreement will facilitate the […]
Tradeview Capital Delivers 18.8% Return on ESG Fund, announce 7.03 sen Dividend
KUALA LUMPUR, March 20 —Tradeview Capital, a boutique fund management company licensed by the Securities Commission Malaysia (SC), announced a distribution of a 7.03 sen dividend per unit for its flagship fund, the Tradeview Sustainability Fund (TSF), today, after logging an 18.8% return in the financial year of 2024. The dividend entitlement and ex-date are […]
Exit Offer Deemed Unfair; ICT Zone Asia’s Strong Financial Growth Signals Bright Future on ACE Market
KUALA LUMPUR, 20 MARCH 2025 – The unconditional voluntary take-over offer by ICT Zone Holding Sdn Bhd and Datuk Seri Ng Thien Phing (“Joint Offerors”) to acquire all the remaining 234,733,200 shares, representing approximately 35.43% of the total issued shares in ICT Zone Asia Berhad (“ICT Zone Asia”; KLSE: ICTZONE (03038)) owned by the minority […]
Lagenda Properties Expands Its Footprint into Negeri Sembilan with Acquisition of 138.17 Acres of Land for RM60.19 million
KUALA LUMPUR, 20 MARCH 2025 – Lagenda Properties Berhad (“Lagenda”), through its wholly owned subsidiary, Vivafirst Sdn Bhd, has acquired 138.17 acres of land in Seremban, Negeri Sembilan for RM60.19 million. This acquisition, with an estimated gross development value (GDV) of RM550 million, marks Lagenda’s strategic entry into Negeri Sembilan, further expanding its development footprint […]
Mapping the Future of Franchises: MRCA and DOSM Collaborate on retail specific survey
PUTRAJAYA – The Malaysia Retail Chain Association (MRCA) delegates, led by Deputy President Dato’ Liew Bin, recently paid a courtesy visit to YBhg. Dato’ Sri Dr. Mohd Uzir Mahidin, Chief Statistician of Malaysia, at the Department of Statistics Malaysia (DOSM) office here. This visit fortified strategic collaboration, ensuring a more refined and detailed approach to […]
Lagenda Properties Berhad Sees 24% Surge in 4QFY2024 Net Profit, Recorded RM1.13 billion in Annual Sales
KUALA LUMPUR, 25 FEBRUARY 2025 – Lagenda Properties Berhad (“Lagenda” or “the Group”, KLSE: LAGENDA (7179)), a leading affordable housing and integrated township developer, reported a 24% increase in net profit for the fourth quarter ended December 31, 2024 (4QFY2024), reaching RM46.09 million compared to RM37.22 million in the same quarter last year. This growth […]