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PNB to independently assess Sunway’s takeover bid for IJM, says Fadillah

PNB to independently assess Sunway’s takeover bid for IJM, says Fadillah

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Updated:
  • Permodalan Nasional Bhd will evaluate Sunway Bhd’s offer for IJM Corporation based on various factors.
  • PNB and its funds hold a 12.94% stake in IJM. The EPF is IJM’s largest shareholder with a 20.26% stake.
  • Sunway's takeover will only succeed if over 50% of IJM shareholders accept it.
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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

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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

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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

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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

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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

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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

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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

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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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PTT Synergy enters RM900,000 monthly lease deal; secures RM31.68 million job in Elmina East, Shah Alam

PTT Synergy enters RM900,000 monthly lease deal; secures RM31.68 million job in Elmina East, Shah Alam

news

Updated:
  • PTT Synergy Group Bhd has signed a long-term warehouse automation deal with Mydin and Sime Darby.
  • The agreement includes a 15-year lease for an automated system, generating stable rental income.
  • Additionally, PTT's subsidiary received a RM31.68 million contract for earthworks in Klang.
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