Daily Industry News Update (1 May 2022)

Vortex to buy RM246m worth of properties in Genting Highlands

Information technology and property construction company Vortex Consolidated Bhd is acquiring 187 units of serviced apartments in an on-going property development called Antara @ Genting Highlands in Pahang that is undertaken by Aset Kayamas Sdn Bhd for RM246.35 million cash.

Sunway REIT set to propel northwards, says RHB Retail Research

RHB Retail Research said Sunway Real Estate Investment Trust is set to propel northwards, after experiencing a technical breakout above RM1.42 yesterday – coupled with strong volume.