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Sunway makes cash-share offer to take over IJM Corp at RM11 bil

Sunway makes cash-share offer to take over IJM Corp at RM11 bil

news

Updated:
  • Sunway Bhd plans to acquire IJM Corp in a cash-and-share deal exceeding RM11 billion.
  • Offer will become valid once Sunway secures more than 50% ownership of IJM and customary closing conditions.
  • If the merger is successful, the combined entity would rival Malaysia's largest construction firm, Gamuda Bhd.
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KPKT: Participating developers to offer 10% home purchase discount at Arec 2026

KPKT: Participating developers to offer 10% home purchase discount at Arec 2026

news

Updated:
  • Asean Real Estate Conference 2026 offers a 10% home purchase discount.
  • The event provides financing advice and aims for RM1.5 bil in transactions.
  • It's a free, four-day event for homebuyers and industry stakeholders.
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Property managers reject ad-hoc intervention as solution to low-cost housing crisis

Property managers reject ad-hoc intervention as solution to low-cost housing crisis

news

Updated:
  • MIPFM states COB intervention isn't a long-term fix for low-cost housing issues.
  • Untrained committees, low fees, and poor oversight are key problems.
  • They propose professional management and a National Housing Management Body.
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UOA REIT declares 3.94 sen distribution as 2Q property income jumps 30.8%

UOA REIT declares 3.94 sen distribution as 2Q property income jumps 30.8%

news

Updated:
  • UOA REIT declared a 3.94 sen per unit distribution.
  • Its 2Q net property income surged 30.8% due to better occupancy.
  • The REIT anticipates stable office space demand and seeks acquisitions.
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SWS Capital units dispose of Muar industrial properties for RM15.5 mil

SWS Capital units dispose of Muar industrial properties for RM15.5 mil

news

Updated:
  • SWS Capital is selling three industrial properties for RM15.5 mil.
  • This move is part of a group rationalisation exercise.
  • The sale is expected to generate a net gain of RM2.015 mil.
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Prestar acquires three Serendah Technology Park factories for RM15.43 mil in RPT

Prestar acquires three Serendah Technology Park factories for RM15.43 mil in RPT

news

Updated:
  • Prestar Resources Bhd is acquiring three factories for RM15.43 mil.
  • This is a related party transaction due to director interests.
  • The properties are in Serendah Technology Park, Rawang North.
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Cengild Medical proposes RM350 mil tertiary private hospital JV on Penang’s Andaman Island

Cengild Medical proposes RM350 mil tertiary private hospital JV on Penang’s Andaman Island

news

Updated:
  • Cengild Medical plans a RM350 mil hospital JV in Penang.
  • They will partner with KCB and Skyspring on Andaman Island.
  • Shareholders will vote on the proposal on Aug 6, 2026.
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OCR to acquire 49% stake in Chester Properties for RM19.6 mil through share issuance

OCR to acquire 49% stake in Chester Properties for RM19.6 mil through share issuance

news

Updated:
  • OCR Group Bhd will acquire a 49% stake in Chester Properties for RM19.6 mil.
  • This will be paid via 478.05 million new shares at 4.1 sen each.
  • Chester Properties must meet a RM13.65 mil profit guarantee by 2029.
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Sunway Healthcare extends Putrajaya hospital JV heads of agreement to Sept 30

Sunway Healthcare extends Putrajaya hospital JV heads of agreement to Sept 30

news

Updated:
  • Sunway Healthcare extended its JV agreement with Putrajaya Holdings.
  • For the proposed JV to construct and lease Sunway Medical Centre Putrajaya.
  • The new deadline is Sept 30, 2026.
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