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KUALA LUMPUR: UOA Development Bhd’s net profit fell 43.3 per cent to RM41.94 million in the first quarter ended March 31, 2026 (Q1 FY26) from RM73.95 million a year earlier, dragged by lower revenue and weaker fair value gains.
UOA Development Bhd (KL:UOADEV) saw its first-quarter earnings drop by 43.3% due to lower development revenue recognition and the absence of one-off gains seen in the previous quarter.
The High Court has allowed Distinctive Acres Sdn Bhd, an investment unit of property developer UOA Development Bhd (KL:UOADEV), to challenge a RM165.66 million tax bill and penalty linked to the sale of an asset to a REIT in 2020.
At 80, Datin Helen Lim no longer spends her days alone. Each morning, she takes the lift down from her unit at the Penang Retirement Resort in George Town for breakfast. There is always someone to talk to, especially her group of “girl friends” as she so fondly refers to them, and other fellow re...
As Malaysians live longer, concerns over retirement savings and rising healthcare costs for aging become urgent. Private senior living options are expensive, with government homes cheaper but offering limited care, leaving many struggling to afford adequate care without compromising their financial stability.
UOA Development’s deal to sell business park assets fails to secure unitholder approval
UOA Development Bhd (KL:UOADEV) announced that its proposed RM200 million disposal of three properties in UOA Business Park to UOA Real Estate Investment Trust (...
The Segambut Utara KTM Komuter station, launched on Friday, is the latest station in the Keretapi Tanah Melayu Bhd (KTMB) network, developed through a public-private collaboration at a cost of RM39 million fully borne by the developer.
KUALA LUMPUR (May 12): UOA Development Bhd (KL:UOADEV) announced that its proposed RM200 million disposal of three properties in UOA Business Park to UOA Real Estate Investment Trust (KL:UOAREIT) has been called off after unitholders of the REIT did not approve the transaction.
The recent rejection of UOA Real Estate Investment Trust’s (KL:UOAREIT) proposed RM200 million acquisition of three commercial properties in Glenmarie, Shah Alam, Selangor, offers a compelling reminder that, even in markets often perceived as dominated by major stakeholders, shareholder democracy...
UOA Real Estate Investment Trust (KL:UOAREIT) said its plan to acquire three commercial properties from a unit of related-party UOA Development Bhd (KL:UOADEV) for RM200 million will not proceed after unitholders voted down the deal.