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Johan Holdings’ unit to sell Lumut hotel and adjoining land for RM47.4m

Johan Holdings’ unit to sell Lumut hotel and adjoining land for RM47.4m

news

Updated:
  • Johan Holdings Bhd is selling a hotel and land in Lumut for RM47.43 million, nearly doubling its market cap.
  • The properties were sold below market value, with the hotel at RM32.96 million, a 1.03% discount.
  • The sale is pending shareholder approval and is expected to complete by 3Q2026.
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Ex-PRG MD Lua Choon Hann urges Ng and Sheah to bury the hatchet in open letter to shareholders

Ex-PRG MD Lua Choon Hann urges Ng and Sheah to bury the hatchet in open letter to shareholders

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Updated:
  • Former MD Lua Choon Hann urged PRG's top shareholders to end their dispute.
  • He warned their conflict jeopardises the company's future and all stakeholders.
  • Lua called for dialogue to resolve issues and restore confidence in PRG.
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SkyWorld opens first overseas office in Vietnam, launches 1,101-unit SkySOLIS residential development

SkyWorld opens first overseas office in Vietnam, launches 1,101-unit SkySOLIS residential development

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Updated:
  • SkyWorld Development Bhd opened its first overseas sales gallery in Ho Chi Minh City, Vietnam.
  • This marks SkyWorld's expansion into Southeast Asia with the SkySOLIS residential project.
  • The gallery showcases SkyWorld's commitment to quality and healthy living principles.
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Beverly Group to launch RM1.1 bil serviced apartment project in TRX

Beverly Group to launch RM1.1 bil serviced apartment project in TRX

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Updated:
  • Beverly Group plans to develop a RM1.1 bil luxury serviced apartment project in TRX.
  • It's a wellness-focused development with 315 units for urban professionals.
  • Their One Equine project also scored 85% on Qlassic.
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Matrix Concepts’ FY2026 revenue rises 19.4% to RM1.37 bil, launches RM1.99 bil of projects

Matrix Concepts’ FY2026 revenue rises 19.4% to RM1.37 bil, launches RM1.99 bil of projects

news

Updated:
  • Matrix Concepts reported a 19.4% revenue increase to RM1.37 bil in FY2026.
  • This growth was driven by property development and the Horizon Group acquisition.
  • The company launched RM1.99 bil in projects, achieving a 76.9% take-up rate.
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Infoline to seek shareholder approval for RM18.58 mil headquarters acquisition, 10% Esos

Infoline to seek shareholder approval for RM18.58 mil headquarters acquisition, 10% Esos

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Updated:
  • Infoline Tec Group seeks approval to buy two factory buildings for RM18.58 mil.
  • These will serve as their new corporate headquarters, consolidating operations.
  • The company also proposes an employee share option scheme up to 10% of its issued share capital.
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Why more families are choosing Southern Klang Valley

Why more families are choosing Southern Klang Valley

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Updated:
  • Semenyih-Beranang corridor has attracted a new generation of homebuyers.
  • It attracts families seeking space, amenities, and community.
  • This area offers long-term value and access to Greater Kuala Lumpur.
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JKPTG drives land administration transformation ahead of 10th National Land Day

JKPTG drives land administration transformation ahead of 10th National Land Day

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Updated:
  • JKPTG enhances land administration via e-Tanah expansion and improved strata title management.
  • The agency prioritises digital transformation and cybersecurity for efficient public services.
  • Legal reforms and public outreach also strengthen land governance and resolve backlogs.
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Lawsuit against astronaut Sheikh Muszaphar over alleged water leakage at villa to go for full hearing

Lawsuit against astronaut Sheikh Muszaphar over alleged water leakage at villa to go for full hearing

news

Updated:
  • A court ruled a lawsuit against astronaut Datuk Dr Sheikh Muszaphar Shukor and his wife must go to full trial.
  • Neighbours allege water seepage from the couple's unit caused damages.
  • The case requires oral testimony, not just affidavits, due to factual disputes.
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Johan Holdings’ unit to sell Lumut hotel and adjoining land for RM47.4m