Latest news with #RM39
The Star
18 hours ago
- The Star
Four charged in Sabah for alleged role in multi-million ringgit investment scam
KOTA KINABALU: Four suspects have been charged at the Sessions Courts here for allegedly allowing their bank accounts to be used for scams and non-existent investment schemes. Their actions allegedly caused a childcare centre owner in Penampang over RM2mil in losses from transactions made in 2024, the court heard on Wednesday (June 11). No pleas were recorded from the four accused: Vincent Chia, 20; Maggie Neoh, 39; Wilson Anak Penchen, 40; and Nurul Mazidah Badrol Hisham, 34. Their charges were read before Sessions Court judges Marlina Ibrahim, Hurman Hussain, Amir Shah Amir Hassan and Elsie Primus. According to the facts of charge, Chia was involved directly in transactions amounting to RM135,000 in his personal account between Dec 10 and Dec 18, last year. Neoh was accused of committing the same offence where she allegedly received RM39,000 on Dec 14, while Wilson received RM111, 668 from Dec 25 up to Jan 7, this year, and Nurul RM19,000 on Dec 17. They were all charged under Section 424C (1) of the Penal Code for engaging in transactions using one's own payment instrument or financial account without lawful purpose. If convicted, they could be jailed between three and 10 years and fined at least RM10,000 or up to RM150,000, or both. The court set July 10 for case mention for Chia, July 8 for Neoh and July 10 and July 31 for Wilson and Nurul, respectively. Earlier, the court heard that the victim lost over RM2mil after joining an investment scheme which she saw on a Facebook advertisement on Nov 26, 2024. She had contacted the representative of the so-called investment company and was attracted to the scheme. She made her payments and topped up her investments in a total of 53 transactions totalling more than RM2.17mil throughout her involvement in the scheme. She received RM6,600, a cellphone and several gold plates weighing 15g and 50gr as investment returns. The woman realised she had been scammed when her requests to withdraw a large amount of her 'profit' were denied, while she was compelled to top up her investments multiple times if she wished to withdraw. Police are still pursuing other members of the syndicate involved in similar scams.
BusinessToday
03-06-2025
- Business
- BusinessToday
BAT Malaysia's 1Q PAT Drops 20%, Revenue Down To RM322 Million
For the quarter under review, BAT Malaysia recorded a revenue of RM322 million, 21.8% lower compared to the same period last year. While profit from operations declined by 15.7% to RM39 million, the Group's gross profit margin rose by 2.9%, supported by a more effective portfolio mix strategy. However, its profit after tax dropped from RM29 million to RM23 million, Despite the Group experiencing softened demand due to seasonality factors and the early start of the Ramadhan fasting period in 2025, which saw a 20.6% decline in the Group's volume, the Group's flagship brand, Dunhill grew its market share and continued to strengthen its leadership position. The Board of Directors has declared a first interim ordinary dividend of 7.5 sen per ordinary share amounting to RM21.5 million, payable on 3 July 2025 to shareholders. The group said that despite the challenging operating landscape, the Group's flagship brand, Dunhill, continued to demonstrate strength, recording a 0.7 percentage point growth in market share compared to the same period last year. Related
Malaysian Reserve
29-05-2025
- Business
- Malaysian Reserve
AmanahRaya REIT buys Selangor industrial property for RM39m
AmanahRaya Real Estate Investment Trust (AmanahRaya REIT) is acquiring a 132,700 sq ft industrial building in Telok Panglima Garang, Selangor, for RM39 million from Alpha Express Sdn Bhd. The property will be leased back to the seller under a 10-year triple net lease at RM195,000 per month, with rental revision clauses for renewal terms. The acquisition is expected to enhance the REIT's distributable income and strengthen its long-term property portfolio. AmanahRaya REIT, 45.6%-owned by the Minister of Finance Inc via Amanah Raya Bhd, will fund the deal via bank borrowings. The deal is expected to be completed by the fourth quarter of 2025. Shares in AmanahRaya REIT closed up 1 sen or 2.67% at 38.5 sen today, giving it a market capitalisation of RM220.7 million. –TMR
New Straits Times
29-05-2025
- Business
- New Straits Times
AmanahRaya Reit acquires RM39mil industrial property in Teluk Panglima Garang
KUALA LUMPUR: AmanahRaya Real Estate Investment Trust (ARReit) has acquired a single-storey detached factory in Teluk Panglima Garang, Selangor, from Alpha Express Sdn Bhd for RM39 million. The manager of ARReit, AmanahRaya Kenedix Reit Manager Sdn Bhd (AKRM), said ARReit had entered into two agreements under a sale and leaseback arrangement with Alpha Express for a duration of 10 years. AKRM managing director Mohd Iskandar Dzulkarnain said the acquisition aligns with ARReit's strategy to strengthen its industrial asset portfolio with income-generating properties secured under long-term leases. "The asset acquisition benefits ARReit by expanding its existing portfolio, which previously included only one asset in this particular industry. This second asset strengthens our position in the sector and allows us to further grow our industrial asset sub-portfolio. "In general, this collaboration supports industry players who meet our criteria to expand their businesses, while also allowing them to offload assets they consider to have potential to ARReit, which in turn has a positive impact on the economy," he told Bernama at the ARReit Connect 2025 signing ceremony and stakeholders showcase held here today. In addition to the signing ceremony, ARReit Connect 2025 served as a platform to strengthen strategic partnerships, bringing together key stakeholders including Amanah Raya Bhd, HELP University, Alfa University College, Knight Frank, Anytime Fitness and IMT Tech. Meanwhile, Iskandar noted that the total assets under AKRM's management now stand at RM1.3 billion. "We will return to the company's core focus, which is on asset industries involving the healthcare and wellness sectors, as well as educational assets. This remains ARReit's main focus in efforts to expand its existing asset portfolio. "This growth will not stop here — it is expected to continue steadily over the next three years," he said. Additionally, ARReit also announced the successful conclusion of its annual general meeting (AGM), where all resolutions were passed with unanimous shareholder approval. "The AGM reaffirmed continued investor confidence in ARReit's direction and governance, particularly as we embark on a more dynamic portfolio management strategy focused on triple net lease structures, environmental, social, and governance-aligned investments and market diversification," ARReit said.
Borneo Post
26-05-2025
- Borneo Post
Lorry driver charged with misappropriating frozen products
KOTA KINABALU (May 26): A lorry driver was charged in a Sessions Court here with committing criminal breach of trust involving frozen products worth RM39,326. Azlan Limin, 38, pleaded not guilty before judge Amir Shah Amir Hassan, to a charge under section 407 of the Penal Code. The indictment carries a jail term of up to 10 years, with whipping and also liable to a fine, upon conviction. Azlan was accused of breaching the trust given to him as a lorry driver whom he was allegedly entrusted by his employer with the 316 cartons of frozen goods on April 9 at the company premises in Papar. The court fixed June 25 for pre-trial case management and released Azlan on RM3,000 bail with two local sureties. Azlan was also ordered to report to a nearest police station once a month, pending disposal of the case.
