IJM gets one-month extension to submit independent circular on Sunway's takeover bid

IJM gets one-month extension to submit independent circular on Sunway's takeover bid

news

Updated:
  • IJM Corp Bhd received approval to extend its draft independent advice circular submission deadline to March 5, 2026.
  • Sunway Bhd's takeover offer values IJM at RM11 billion, contingent on securing over 50% ownership.
  • A number of companies and consortiums are also considering competing against Sunway and submitting their own.
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WCT plans RM5b sukuk wakalah to fund working capital, debt refinancing

WCT plans RM5b sukuk wakalah to fund working capital, debt refinancing

news

Updated:
  • WCT Holdings Bhd has proposed a RM5 billion sukuk wakalah programme for working capital and refinancing.
  • The sukuk will have a perpetual tenure, with options for sustainability-linked issuances.
  • The group’s outstanding order book stood at RM2.32 billion, while its tender book exceeded RM11 billion.
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E&O launches Seri Embun, low-density homes in City of Elmina with green surroundings

E&O launches Seri Embun, low-density homes in City of Elmina with green surroundings

news

Updated:
  • Eastern & Oriental Bhd launched Seri Embun, a low-density residential community in City of Elmina.
  • The development features 360 spacious homes designed for multigenerational living and wellness.
  • Sustainability is prioritised with energy-efficient designs and green spaces, promoting a tranquil lifestyle.
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PNB yet to decide on Sunway's offer for IJM Corp stake

PNB yet to decide on Sunway's offer for IJM Corp stake

news

Updated:
  • Permodalan Nasional Bhd (PNB) is evaluating Sunway Bhd's offer to acquire shares in IJM Corporation.
  • Sunway proposed a takeover of 3.51 billion IJM shares at RM3.15 each, totaling about RM11 billion.
  • PNB holds less than 13.5% of IJM and will make its decision based on internal assessments and governance.
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AIMS closes land deal, to build RM4 bil data centre in Cyberjaya

AIMS closes land deal, to build RM4 bil data centre in Cyberjaya

news

Updated:
  • AIMS has acquired 10 acres in Cyberjaya for a RM4 billion data centre, set to support AI computing.
  • The facility will have a capacity of up to 200 megawatts and is expected to be completed by 2027.
  • This investment aligns with Malaysia's goal of boosting its digital economy to 30% of GDP by 2030.
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KL Wellness City celebrates CNY with RM1,000 health vouchers, helipad and hospital progress

KL Wellness City celebrates CNY with RM1,000 health vouchers, helipad and hospital progress

news

Updated:
  • KL Wellness City launched its "Kongsi Cahaya" celebration for the 2026 Chinese New Year.
  • The event featured local performances and support for orphanages, emphasising community spirit.
  • Progress on healthcare facilities like the Kuala Lumpur International Hospital is on track.
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Haily clinches RM48 mil double-storey housing contract in Skudai

Haily clinches RM48 mil double-storey housing contract in Skudai

news

Updated:
  • Haily Group Bhd has secured a RM48.21 million contract for double-storey houses in Johor.
  • The project, awarded to Haily Construction, will start on Feb 23 and includes three sections.
  • This contract boosts Haily's total secured contracts to RM1.3 billion, enhancing its earnings visibility.
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BCorp redesignates Nerine Tan to CEO

BCorp redesignates Nerine Tan to CEO

news

Updated:
  • Berjaya Corp Bhd has appointed Nerine Tan as CEO, following Vivienne Cheng's retirement.
  • Berjaya True Ascend, linked to Vincent Tan, acquired a 6.241% stake in Berjaya Corp.
  • This acquisition increased Chee Yioun's total stake to 27.106%.
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Tropicana kicks off CNY campaign with RM2.89m rewards; new show units of Genting Highlands, Langkawi, Johor projects in PJ gallery

Tropicana kicks off CNY campaign with RM2.89m rewards; new show units of Genting Highlands, Langkawi, Johor projects in PJ gallery

news

Updated:
  • Tropicana Corporation Bhd launched its CNY campaign with new show units and a brand film.
  • The campaign features exclusive rewards and runs until Feb 28, covering 11 developments.
  • Future projects will focus on resort-style living in Genting Highlands, Cyberjaya, and Langkawi.
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Housing minister sees domestic property transactions topping RM250b in 2026

Housing minister sees domestic property transactions topping RM250b in 2026

news

Updated:
  • Malaysia's property market is projected to exceed RM250 billion in transactions this year.
  • Homeownership stands at 76.5%, surpassing many developed nations, with efforts to boost income levels.
  • The government has introduced a RM40 billion Housing Credit Guarantee Scheme to assist first-time homebuyers.
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IJM gets one-month extension to submit independent circular on Sunway's takeover bid