Property developer KEB seeks ACE Market listing

Property developer KEB seeks ACE Market listing

news

Updated:
  • KEB Bhd is filing for an IPO on Bursa Malaysia to raise funds for land acquisitions and development.
  • The IPO will issue 138.54 million new shares with an offer for sale of 88.24 million existing shares.
  • The company has completed 14 projects worth RM1.35 billion and plans to launch four more by 2028.
Read More
PNB turns down Sunway's offer for IJM shares

PNB turns down Sunway's offer for IJM shares

news

Updated:
  • Permodalan Nasional Bhd (PNB) has rejected Sunway Bhd's voluntary takeover offer for its IJM stake.
  • Decision followed a thorough evaluation, focusing on PNB's fiduciary duty and long-term value considerations.
  • PNB emphasised that IJM's market valuation does not reflect its true value.
Read More
IJM reviewing key businesses, assets after rebuffing Sunway’s offer

IJM reviewing key businesses, assets after rebuffing Sunway’s offer

news

Updated:
  • IJM Corporation is reviewing its business strategy, including monetising part of its 3,000-acre land bank.
  • The company aims to focus on smaller projects and has a pipeline of investment properties worth RM5 billion.
  • Key initiatives include rationalising its India portfolio and exploring options for its toll road assets.
Read More
S P Setia launches Raya campaign with incentives of up to RM370,000

S P Setia launches Raya campaign with incentives of up to RM370,000

news

Updated:
  • S P Setia Bhd has launched a Hari Raya Aidilfitri sales campaign with incentives for home buyers.
  • The "Rezeki Bonanza" campaign offers up to RM370,000 in rewards and a RM4,000 bonus for timely bookings.
  • Festive events and a Raya-themed game will enhance engagement at sales galleries across Malaysia.
Read More
KL Fest 2026 set to revive capital’s historic core with 80 events

KL Fest 2026 set to revive capital’s historic core with 80 events

news

Updated:
  • Kuala Lumpur Festival (KL Fest) will run from May 6 to 31, featuring over 80 cultural events.
  • The festival aims to attract 100,000 visitors and boost local businesses through diverse programming.
  • This year's theme, "Memory & Tomorrow", emphasises community engagement and accessibility in the arts.
Read More
Semantan files further discovery application for pre-Merdeka land records, ahead of assessment proceedings

Semantan files further discovery application for pre-Merdeka land records, ahead of assessment proceedings

news

Updated:
  • Semantan Estate has filed for pre-Merdeka land records to aid in compensation assessment proceedings.
  • They seek documents to establish land value and zoning from 1956 for a proper market valuation report.
  • Compensation hearing is set for April 3-10, following a court ruling on land valuation based on 1956 prices.
Read More
IJM says takeover offer reflects low point in earnings while asset value stays high

IJM says takeover offer reflects low point in earnings while asset value stays high

news

Updated:
  • IJM Corporation Bhd urges shareholders to reject Sunway Bhd's takeover bid, citing low earnings.
  • IJM plans to unlock value via initiatives like exiting India, potentially listing its construction division.
  • IJM believes these strategies can be executed within two years to enhance shareholder value.
Read More
IJM’s plans to list toll assets offer alternative to Sunway takeover in unlocking value — analysts

IJM’s plans to list toll assets offer alternative to Sunway takeover in unlocking value — analysts

news

Updated:
  • IJM Corp Bhd plans to list parts of its assets, including construction and toll roads, to unlock value.
  • Analysts suggest holding out for a better offer, as proposed floatation could strengthen IJM's balance sheet.
  • Despite a recent drop in share price, 10 out of 14 analysts maintain "buy" recommendations.
Read More
EcoWorld partners JLand Group to develop projects in Johor and Australia

EcoWorld partners JLand Group to develop projects in Johor and Australia

news

Updated:
  • Eco World Development Group and JLand Group are partnering on three projects in Johor and Sydney.
  • They include a residential project in Sydney, a mixed-use project in JB, and an industrial park in Kulai.
  • This collaboration aims to leverage the companies' strengths for long-term growth and socio-economic benefits.
Read More
Sunway REIT to establish RM3b sustainability-linked commercial papers programme

Sunway REIT to establish RM3b sustainability-linked commercial papers programme

news

Updated:
  • Sunway REIT is launching a RM3 billion sustainability-linked commercial papers program.
  • The funds will support working capital, repay borrowings, and finance investments.
  • The SLCPs received a P1(s) rating and are managed by Public Investment Bank Bhd.
Read More
Bites
Property developer KEB seeks ACE Market listing