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IJM hits four-month high on acquisition by Sunway

IJM hits four-month high on acquisition by Sunway

news

Updated:
  • Analysts recommend IJM shareholders accept Sunway's fair voluntary takeover offer, valuing IJM at RM11 billion.
  • The deal includes cash and shares, providing long-term benefits and strategic synergies for the combined entity.
  • Sunway plans to consolidate operations post-acquisition, potentially enhancing earnings visibility for IJM.
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Secondary town to boomtown: the industrial rise of Seremban–Nilai corridor

Secondary town to boomtown: the industrial rise of Seremban–Nilai corridor

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Updated:
  • The Seremban and Nilai are increasingly being framed within a broader “conurbation of connectivity”.
  • Seremban and its surrounding urban communities are unfolding into a single, self-sustaining growth hub.
  • The Malaysia Vision Valley (MVV) 2.0 framework remains a key structural driver of transformation.
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MD continues with share trading as Tanco claims ‘business as usual’

MD continues with share trading as Tanco claims ‘business as usual’

news

Updated:
  • Tanco Holdings' MD, Datuk Seri Andrew Tan, continued his trading as usual despite price collapse.
  • He bought 82.5 mil and sold 96.4 mil shares in four days.
  • His direct stake increased to 20.03% after these transactions.
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Rise in cost of building materials still under control — Nanta

Rise in cost of building materials still under control — Nanta

news

Updated:
  • Construction material cost increases are currently manageable.
  • Contractors can absorb costs, avoiding project delays.
  • The government monitors the situation and has strategies for future price hikes.
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Beshom's Hai-O unit to sell 14.58-acre Klang industrial land for RM85.80 mil, booking RM52.78 mil gain

Beshom's Hai-O unit to sell 14.58-acre Klang industrial land for RM85.80 mil, booking RM52.78 mil gain

news

Updated:
  • Beshom Holdings Bhd is selling three industrial land parcels in Klang for RM85.80 mil cash.
  • The sale to JT Development Sdn Bhd is expected to yield a pro forma gain of RM52.78 mil.
  • Proceeds will fund a new warehouse, working capital, and infrastructure improvements.
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Hydroshoppe's KL Tower bribery trial to start on Jan 4 next year

Hydroshoppe's KL Tower bribery trial to start on Jan 4 next year

news

Updated:
  • The High Court set 20 trial days for Hydroshoppe and its directors starting Jan 4, 2027.
  • In connection with the takeover of the Kuala Lumpur Tower concession.
  • Judge Noor Ruwena also set Aug 18 for mention and submission of documents.
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Johor's elevated autonomous rapid transit to be developed via public-private partnership — Loke

Johor's elevated autonomous rapid transit to be developed via public-private partnership — Loke

news

Updated:
  • The Johor Bahru E-ART project will use a public-private partnership model.
  • Ukas will supervise the project, not the Ministry of Transport.
  • Ukas is currently evaluating technical and financial proposals.
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UEM Sunrise locks in capital partner for A$315 mil Melbourne build-to-rent project

UEM Sunrise locks in capital partner for A$315 mil Melbourne build-to-rent project

news

Updated:
  • UEM Sunrise Bhd partnered with Kio Investment Management for a A$315.4 mil build-to-rent project in Melbourne.
  • UEM Sunrise will develop over 400 homes, while Kio will own and operate the completed asset.
  • This project expands UEM Sunrise's Australian portfolio and Kio's institutional rental housing strategy.
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Malaysia keen to strengthen cooperation in housing development with Singapore, says Nga

Malaysia keen to strengthen cooperation in housing development with Singapore, says Nga

news

Updated:
  • Malaysia stands to gain insights into its own public housing projects from Singapore’s successful models.
  • Minister Nga Kor Ming met Singapore's Chee Hong Tat.
  • They discussed urban development and future collaborations.
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Viral ECRL fare rates only speculation, actual rates not announced yet, says MRL

Viral ECRL fare rates only speculation, actual rates not announced yet, says MRL

news

Updated:
  • ECRL fare rates circulating online are speculative.
  • Official ticket prices are still under discussion with stakeholders.
  • The public is advised not to make assumptions based on information that has not been verified.
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