Telekom Malaysia secures power supply for data centre in Johor

Telekom Malaysia secures power supply for data centre in Johor

news

Updated:
  • TM Nxera, a joint venture of Telekom Malaysia and Nxera, is developing a data centre in Johor.
  • The facility will support AI workloads and is set for commercial operations in 2026, backed by a 280MW electricity supply.
  • This project aims to enhance Malaysia's digital infrastructure and promote cloud adoption across the region.
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Maxim Global gets 24 sen takeover offer from managing director

Maxim Global gets 24 sen takeover offer from managing director

news

Updated:
  • Maxim Global Bhd received a takeover offer of 24 sen per share from managing director Tan Sri Gan Seong Liam.
  • The offer is below recent trading levels, with a discount of 11.11% from the last price of 27 sen.
  • Gan's acquisition raised his stake to 37.33%, and he must extend the offer to other shareholders.
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Toy maker Milolo to open five outlets in Peninsular Malaysia in two years

Toy maker Milolo to open five outlets in Peninsular Malaysia in two years

news

Updated:
  • Milolo Bhd plans to open five retail outlets in Malaysia over the next two years.
  • The company aims for regional expansion into Thailand, Indonesia, China, and Singapore within three years.
  • Milolo expects to sustain growth despite minor global shipping impacts and aims to list on the ACE Market.
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268 houses built under Sinar Lestari for those in need to date, says minister

268 houses built under Sinar Lestari for those in need to date, says minister

news

Updated:
  • The Sinar Lestari programme has built 268 houses for the underprivileged in Malaysia.
  • Each house costs RM80,000, with ongoing efforts to reach a target of 374 homes.
  • Beneficiaries also receive grants and support to improve their livelihoods, enhancing their quality of life.
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Lagenda Properties posts record RM1.7b sales in FY2025 as revenue clears RM1b milestone

Lagenda Properties posts record RM1.7b sales in FY2025 as revenue clears RM1b milestone

news

Updated:
  • Lagenda Properties Bhd achieved record revenue of RM1.053 bil in FY2025, marking a 7% increase.
  • Confirmed sales surged 50% to RM1.7 bil, exceeding the group's sales target.
  • The company enters FY2026 with strong unbilled sales of RM1.6 bil and a sales target of RM1.9 bil.
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Jelajah Harta Tanah Malaysia 2026 kicks off with 400-plus bidders and 84% success rate in Southern Region

Jelajah Harta Tanah Malaysia 2026 kicks off with 400-plus bidders and 84% success rate in Southern Region

news

Updated:
  • Ng Chan Mau & Co launched Jelajah Harta Tanah Malaysia 2026, attracting over 400 bidders!
  • The auction series, part of the Visit Malaysia 2026 campaign, featured diverse categories and mixed results.
  • The event also promoted local tourism with prizes and cultural performances, engaging first-time buyers.
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IWCity logs RM43.4m revenue in FY2025 amid regularisation push

IWCity logs RM43.4m revenue in FY2025 amid regularisation push

news

Updated:
  • Iskandar Waterfront City Bhd reported a revenue drop to RM43.42 mil for FY2025, down 57.3%.
  • IWCity is implementing a regularisation plan and has completed key projects, including Danga Sutera Phase 3.
  • No dividend was declared for FY2025, and the 57th Annual General Meeting is set for June 24, 2026.
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Chin Hin scraps RM1.15b Taman Connaught deal after ‘unsatisfactory due diligence’

Chin Hin scraps RM1.15b Taman Connaught deal after ‘unsatisfactory due diligence’

news

Updated:
  • Chin Hin Group Property Bhd has terminated its RM1.15 billion residential project in Taman Connaught.
  • The termination was due to unmet conditions for development approval within the required timeframe.
  • No compensation will be paid, and both parties are released from obligations under the revoked agreement.
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Ahmad Zaki swings to RM49.7m pre-tax loss in 18-month FPE 2025

Ahmad Zaki swings to RM49.7m pre-tax loss in 18-month FPE 2025

news

Updated:
  • Ahmad Zaki Resources Bhd reported a loss before tax of RM49.7 mil for the 18-month period ending Dec 2025.
  • Revenue increased to RM1.046 bil, driven by stronger Engineering and Construction activities.
  • The company faces a material going-concern uncertainty, with liabilities exceeding assets by RM890.3 million.
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Telekom Malaysia secures power supply for data centre in Johor