GDB revamps board amid shareholding reshuffle

GDB revamps board amid shareholding reshuffle

news

Updated:
  • GDB Holdings Bhd announced boardroom changes due to shifts in its shareholding structure.
  • Clement Wong is the new chairman, while Dasmand Wong has been appointed as executive director.
  • Significant shareholding changes include Andy Lai becoming a substantial shareholder and GDB securing two road contracts in Sarawak.
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EPF lifts stake in IJM to 20.4%

EPF lifts stake in IJM to 20.4%

news

Updated:
  • The Employees Provident Fund has increased its stake in IJM Corporation to 20.4%, becoming the largest shareholder.
  • No transaction price was disclosed, but EPF is estimated to have spent around RM11.11 million on that day base
  • The company denies claims of financial fraud and is cooperating with authorities during the ongoing probe.
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Amid MACC probe, IJM chairman says has ‘full confidence in enforcement process and laws’

Amid MACC probe, IJM chairman says has ‘full confidence in enforcement process and laws’

news

Updated:
  • IJM chairman Tan Sri Krishnan Tan was briefly detained by the MACC but has expressed confidence in the legal process.
  • IJM maintains strong governance and is cooperating fully with the ongoing investigation into money laundering allegations.
  • The company assures that its operations continue normally while it upholds integrity and compliance standards.
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Matang expands durian footprint with RM18.2 mil land acquisition in Tangkak

Matang expands durian footprint with RM18.2 mil land acquisition in Tangkak

news

Updated:
  • Matang Bhd is expanding its durian plantation by acquiring 10 land parcels in Johor for RM18.2 million.
  • This acquisition will increase their plantation area to 1,170.02 hectares, enhancing durian production.
  • The company aims to explore downstream opportunities and agri-tech solutions to boost efficiency and revenue.
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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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