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Sentoria’s stalled Morib project to be taken over by Masteron

Sentoria’s stalled Morib project to be taken over by Masteron

news

Updated:
  • Sentoria Group Bhd has announced Masteron Sdn Bhd will take over its Morib development.
  • Masteron will pay RM5.25 million to assume project liabilities and revive stalled phases, except for one.
  • Sentoria faces significant financial difficulties, reporting a net loss of RM89.04 million for FY2024.
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TA Global opens MRT link bridge to RM1.4b Damansara Avenue

TA Global opens MRT link bridge to RM1.4b Damansara Avenue

news

Updated:
  • TA Global has completed a pedestrian bridge from Damansara Avenue to the Sri Damansara Sentral MRT station.
  • The 320m bridge enhances connectivity and encourages public transport use, according to local officials.
  • Future phases of the Damansara Avenue development will include residential, commercial, and retail components, with a total GDV of RM1.45 billion.
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Penang agencies set for Silicon Island, LRT depot land handover in May

Penang agencies set for Silicon Island, LRT depot land handover in May

news

Updated:
  • The Penang government is relocating agencies to Silicon Island as development progresses.
  • Chief Minister Chow Kon Yeow announced that the LRT depot will be handed over next month, marking a key milestone.
  • Plans include a modest administrative centre and phased release of industrial plots.
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IRB: Self-assessment stamp duty system simplifies processes, boosts compliance

IRB: Self-assessment stamp duty system simplifies processes, boosts compliance

news

Updated:
  • The Inland Revenue Board launched Phase 1 of the self-assessment stamp duty system on January 1.
  • Individuals and authorised agents can submit applications via the MyTax portal.
  • Taxpayers can settle stamp duty arrears with potential penalty exemptions until June 30.
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Two directors at K Seng Seng Corp resign over personal commitments

Two directors at K Seng Seng Corp resign over personal commitments

news

Updated:
  • K Seng Seng Corp Bhd announced the resignation of two board members due to personal commitments.
  • Dr Lim Pang Kiam and Lee Hai Peng's resignations are effective immediately.
  • The company specialises in producing secondary stainless steel products and trading industrial hardware.
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IJM says moving forward with view to unlocking value as Sunway takeover bid falls through

IJM says moving forward with view to unlocking value as Sunway takeover bid falls through

news

Updated:
  • IJM Corp Bhd will proceed with its strategy after shareholders rejected Sunway Bhd's takeover offer.
  • Lee emphasised the company's strong fundamentals and commitment to unlocking portfolio value.
  • Sunway's offer failed to gain majority support, securing only 33.43% acceptance from IJM shareholders.
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Sunway fails in bid to take over IJM

Sunway fails in bid to take over IJM

news

Updated:
  • Sunway said: We respect the decision of IJM shareholders and the outcome of the process.
  • It only achieved 33.43% acceptance by the offer's closing date.
  • Sunway had signalled from the outset that it would not revise its terms.
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Y&G triggers another extension for 548-acre Sepang-Kuala Selangor land buy

Y&G triggers another extension for 548-acre Sepang-Kuala Selangor land buy

news

Updated:
  • Y&G Corp Bhd has extended the completion period for its Sepang land acquisition to July 6, 2026.
  • The extension was mutually agreed upon by NWSB and NSSB, with all other terms unchanged.
  • This acquisition is part of a larger plan to secure 548.4 acres for RM477 million from related parties.
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Penang to conduct legalisation for People's Housing Projects, State Rental Homes

Penang to conduct legalisation for People's Housing Projects, State Rental Homes

news

Updated:
  • The Penang government will legalise People’s Housing Projects with rental arrears over RM2 million.
  • Over 30% of tenants may need to vacate due to income limits of RM1,500 or less.
  • Initial notices have been issued to tenants at Taman Manggis PPR, with a three-month deadline to vacate.
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Nga: KPKT mobilises RM40 bil SJKP to assist 100,000 first-time homebuyers

Nga: KPKT mobilises RM40 bil SJKP to assist 100,000 first-time homebuyers

news

Updated:
  • Malaysia is expanding its housing credit guarantee scheme to assist 100,000 first-time homeowners this year.
  • An additional RM10 billion has been allocated, raising the total fund to RM40 billion for the SJKP.
  • The government is committed to maintaining price stability and monitoring projects to prevent delays.
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Sentoria’s stalled Morib project to be taken over by Masteron