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GDB revamps board amid shareholding reshuffle

GDB revamps board amid shareholding reshuffle

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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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Wolo Hotel & Residences wins two Gold awards at China’s CREDAWARD

Wolo Hotel & Residences wins two Gold awards at China’s CREDAWARD

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Updated:
  • Wolo Hotel & Residences won two Gold awards at the 12th CREDAWARD in Shanghai.
  • It was the only Malaysian project shortlisted and the first to receive Gold recognition.
  • The project is an RM850 million development, set for completion in 2030.
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Penang adds 1,133 homes to rent-to-own scheme

Penang adds 1,133 homes to rent-to-own scheme

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Updated:
  • Penang added 1,133 homes to its rent-to-own programme, allocating RM49.26 million.
  • This helps lower-income families achieve homeownership.
  • The state aims for 22,000 RTO units by 2030.
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EXSIM Hospitality unit accepts RM42.48m building works subcontract

EXSIM Hospitality unit accepts RM42.48m building works subcontract

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Updated:
  • EXSIM Hospitality's subsidiary accepted a RM42.48 million subcontract.
  • It involves building services and general works for 24 months.
  • This is expected to boost EXSIM's financial performance.
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IOI Properties earmarks RM3.07b in REIT proceeds for investment, development

IOI Properties earmarks RM3.07b in REIT proceeds for investment, development

news

Updated:
  • IOI Properties Group Bhd increased its REIT allocation to RM3.07 bil for development.
  • This revised plan includes new property investment and acquisition opportunities.
  • Debt repayment allocation was reduced to RM1.53 bil from RM3.04 bil.
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Kerjaya Prospek unit bags RM37.82m Pulau Andaman contract

Kerjaya Prospek unit bags RM37.82m Pulau Andaman contract

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Updated:
  • Kerjaya Prospek secured a RM37.82 mil contract for a Penang apartment project.
  • The work involves piling and substructure for 922 affordable units.
  • This contract is expected to boost the group's revenue and earnings.
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Experts call for greater local gains from data centre growth

Experts call for greater local gains from data centre growth

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Updated:
  • Malaysia aims for data centre expansion to build local capabilities, not just capacity.
  • Mida emphasises lasting value, stronger businesses, and local opportunities.
  • The focus is on sustainable industry growth and high-value employment for Malaysians.
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Rehda inks MoUs with MGTC, MCMA to advance sustainable property development

Rehda inks MoUs with MGTC, MCMA to advance sustainable property development

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Updated:
  • Rehda signed MoUs with MGTC and MCMA.
  • These agreements promote sustainable property development and carbon market understanding.
  • The goal is to integrate green tech and ESG practices in real estate.
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IJM Land unveils 145-unit Merione Residences in Penang

IJM Land unveils 145-unit Merione Residences in Penang

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Updated:
  • IJM Land Bhd launched Merione Residences, a 145-unit project in Penang.
  • It follows the full take-up of commercial units at Merione Grand.
  • The development offers various amenities and future transport links.
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Hero Market set to anchor Masteron’s 20.97-acre VTown in PJ

Hero Market set to anchor Masteron’s 20.97-acre VTown in PJ

news

Updated:
  • Masteron Sdn Bhd signed an MoU with Hero Market for a new anchor store at VTown.
  • The 20,000 sq ft Hero Market will open in 2028, featuring a large fresh-market section.
  • VTown is a mixed development with residential, retail, and lifestyle components.
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GDB revamps board amid shareholding reshuffle