JAKS Resources to sell 100% stake in 50MW Penang solar plant to Sunview for up to RM55 mil

JAKS Resources to sell 100% stake in 50MW Penang solar plant to Sunview for up to RM55 mil

news

Updated:
  • JAKS Resources is selling its 100% stake in JAKS Solar Nibong Tebal to Sunview for RM15 million.
  • It plans to use RM14.7 million of the proceeds to reduce loans and improve its cash flow.
  • The company said the sale won’t make JAKS Resources a cash company or an affected listed issuer.
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Sime Darby Property hits record RM803.4m PBT as SHIFT32 strategy begins; KWAP raises stake

Sime Darby Property hits record RM803.4m PBT as SHIFT32 strategy begins; KWAP raises stake

news

Updated:
  • Sime Darby Property Bhd reported a record profit before tax of RM803.4 million for FY2025.
  • It is launching a new seven-year roadmap, SHIFT32, focusing on industrial parks and digital infrastructure.
  • SimeProp aims to become "cycle-proof" by the decade's end.
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IJM revenue tops RM5b in 9MFY2026 as construction rebound offsets property drag amid Sunway takeover bid

IJM revenue tops RM5b in 9MFY2026 as construction rebound offsets property drag amid Sunway takeover bid

news

Updated:
  • IJM Corp Bhd's revenue rose 12.4% to RM5.01 billion, but profit before tax fell 33.6% to RM354.2 million.
  • Faces pressure from weaker property sales and higher forex losses, while construction revenue surged 53.7%.
  • Shareholders are evaluating a conditional takeover offer from Sunway Bhd at RM3.15 per share.
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Loke says LRT3 contractor may face over RM475m penalties, vows accountability over delays

Loke says LRT3 contractor may face over RM475m penalties, vows accountability over delays

news

Updated:
  • LRT3's main contractor may face over RM475 mil in penalties for project delays, says Transport Minister Loke.
  • The new operation deadline is June 2026, with daily damages of RM2,729,280 for delays.
  • Future projects will include long-term maintenance costs to ensure better upkeep and reliability.
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Rivertree enters into a RM600m related-party deal to build labour quarters

Rivertree enters into a RM600m related-party deal to build labour quarters

news

Updated:
  • Rivertree STF Synergies Bhd has signed a heads of agreement to develop four labour quarters in Klang Valley.
  • The project, valued at RM600 million, will provide 28,800 beds and is led by RSSB Builders Sdn Bhd.
  • Collaboration involves related parties, with Rivertree's directors holding stakes in the partner companies.
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Gadang to acquire Johor Bahru land from Ekovest for RM75.5 mil

Gadang to acquire Johor Bahru land from Ekovest for RM75.5 mil

news

Updated:
  • Gadang Holdings Bhd is purchasing 11.18 acres in Johor Bahru for RM75.48 million from Ekovest Bhd.
  • The firm plans an RM800 million mixed-development project, pending necessary approvals.
  • The acquisition will be funded through internal funds and bank loans, expected to complete by 4Q2026.
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Nga: Property sector recorded RM240 bil transactions in 2025, highest in over a decade

Nga: Property sector recorded RM240 bil transactions in 2025, highest in over a decade

news

Updated:
  • The national property sector achieved RM240 billion in transactions in 2025, a decade high!
  • Housing Minister Nga Kor Ming emphasised its role as a key economic driver linked to 200 industries.
  • He also proposed a single national housing agency to streamline processes and ensure sustained growth.
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Armani Group debuts 383-key golf-front serviced residence in Cameron Highlands, with Ascott as operator

Armani Group debuts 383-key golf-front serviced residence in Cameron Highlands, with Ascott as operator

news

Updated:
  • Armani Group has launched Oakwood Cameron Highlands, a 383-key serviced residence in Pahang.
  • The property features deluxe rooms and family suites, designed for extended stays and golf enthusiasts.
  • Introductory rates start at RM388+ per night, enhancing Armani's hospitality presence in the region.
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Jiankun says director automatically removed over board meeting absences

Jiankun says director automatically removed over board meeting absences

news

Updated:
  • Jiankun International Bhd announced the automatic removal of director Datuk Yong Chong Long for missing board meetings.
  • Yong, a substantial shareholder, had been on the board since October 2022 and held an 8.166% stake.
  • The company appointed Jun Zhang as a new non-executive director amid ongoing financial losses.
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Shangri-La managing director Christopher Phong to step down on March 31

Shangri-La managing director Christopher Phong to step down on March 31

news

Updated:
  • Shangri-La Hotels' managing director Christopher Phong will resign on March 31.
  • The board thanked him for his contributions and is seeking a smooth leadership transition.
  • The company's net profit rose 41% in 2025, but shares fell 2.63% to RM1.85.
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JAKS Resources to sell 100% stake in 50MW Penang solar plant to Sunview for up to RM55 mil