Billionaire Quek Leng Chan to privatise GuocoLand at RM1.10 per share via selective capital repayment

Billionaire Quek Leng Chan to privatise GuocoLand at RM1.10 per share via selective capital repayment

news

Updated:
  • GuocoLand (Malaysia) Bhd's controlling shareholder has proposed to privatise the company at RM1.10 per share.
  • The plan involves a capital repayment of RM269.45 million to entitled shareholders.
  • GLLM aims to delist GuocoLand Malaysia, citing low trading liquidity and minimal benefits of remaining listed.
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Virtual twins to support AI factories, says Nvidia CEO

Virtual twins to support AI factories, says Nvidia CEO

news

Updated:
  • Nvidia's CEO Jensen Huang predicts design will shift to virtual twins, simulating real-world physics.
  • This change supports AI-driven re-industrialization, enhancing intelligent manufacturing.
  • Nvidia's partnership with Dassault Systèmes aims to create a trustworthy foundation for industrial AI.
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Binastra bags RM503 mil data centre job in KL

Binastra bags RM503 mil data centre job in KL

news

Updated:
  • Binastra Corp Bhd has secured a RM503 million contract for a data centre in Kuala Lumpur.
  • The project will start on Feb 19, 2026, and is expected to take 20 months to complete.
  • Binastra's outstanding jobs now exceed RM7 billion, marking a new record for the company!
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PNB to assess Sunway's offer for IJM on commercial basis, says Fadillah

PNB to assess Sunway's offer for IJM on commercial basis, says Fadillah

news

Updated:
  • Permodalan Nasional Bhd (PNB) will evaluate Sunway Bhd’s offer for IJM Corporation based on various factors.
  • DPM Fadillah Yusof stated that PNB, as a minority shareholder, will assess the offer independently.
  • Sunway's takeover will only succeed if over 50% of IJM shareholders accept it.
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Malaysia My Second Home: 744 participants bought homes in country, says minister

Malaysia My Second Home: 744 participants bought homes in country, says minister

news

Updated:
  • As of Dec 31, 2025, 744 participants of the MM2H programme have bought homes in Malaysia.
  • The top buyers are from China, Taiwan, and Singapore, with 2,637 more in the purchasing process.
  • The MM2H scheme offers long-term social visit passes but does not provide citizenship or permanent residency.
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IOI Properties sells 136 acres of industrial land for RM740 mil

IOI Properties sells 136 acres of industrial land for RM740 mil

news

Updated:
  • IOI Properties Group Bhd sold three plots at IOI Industrial Park @ Banting for RM740.68 million.
  • The acquisition by Bridge Data Centres will expand their data centre operations.
  • By establishing IOI Industrial Park series in 2024 , the group is aligned with nation-building initiatives.
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Mah Sing to revive two RMKU affordable housing projects in Penang

Mah Sing to revive two RMKU affordable housing projects in Penang

news

Updated:
  • Mah Sing Group will finance the revival of two affordable housing projects in Balik Pulau, Penang.
  • The projects, Pangsapuri Sri Bayu and Pangsapuri Quinton, were launched in 2017 but left incomplete.
  • This initiative supports the Penang government's goal of providing 220,000 affordable housing units by 2030.
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Lagenda Properties’ earnings growth about to speed up, says CGS International

Lagenda Properties’ earnings growth about to speed up, says CGS International

news

Updated:
  • Lagenda Properties Bhd is set for earnings growth due to strong demand for affordable homes.
  • The company’s net profit margins may reach 19% by 2027, driven by a new earnings cycle.
  • Despite past challenges, Lagenda's stock remains attractive with a target price of RM2.03.
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Appellate court dismisses developer’s losses appeal over West Coast Expressway land acquisition

Appellate court dismisses developer’s losses appeal over West Coast Expressway land acquisition

news

Updated:
  • The Court of Appeal dismissed See Hee Yang's appeal for loss of profit after land acquisition for WCE.
  • The judge ruled that the developer's claim did not constitute "injurious affection".
  • The court upheld the compensation awarded and ordered the developer to pay costs to the respondents.
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ECRL: Govt to review laws for harsher cable theft penalties

ECRL: Govt to review laws for harsher cable theft penalties

news

Updated:
  • The government plans to review laws for harsher penalties on cable theft affecting strategic projects.
  • Home Minister Saifuddin Nasution emphasied the need for better security investments by rail operators.
  • Current penalties are inadequate, with the highest thefts recorded in Pahang, impacting the ECRL project.
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Billionaire Quek Leng Chan to privatise GuocoLand at RM1.10 per share via selective capital repayment