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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
Bites