Propel Global seeks shareholder approval to diversify into property development for Kuantan Riverpoint project

Propel Global plans to diversify into property development, anchored by its maiden commercial project, Riverpoint, in Kuantan, Pahang. Shareholder approval will be sought at an extraordinary general meeting under Bursa Malaysia rules. The move follows an earlier June 22 announcement on the Riverpoint development via wholly owned unit Propel Global Development. Property development is expected to contribute more than 25% of group net profit in the future. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Propel Global Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3714930) on October 14, 2026, and is solely responsible for the information contained therein. (C)