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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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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

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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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Bursa publicly reprimands Meridian, executive director for annual reports delay

Bursa publicly reprimands Meridian, executive director for annual reports delay

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Updated:
  • Bursa Malaysia reprimanded Meridian Bhd and director Tang Boon Koon.
  • They failed to submit annual reports on time, incurring a fine.
  • Tang must attend compliance training.
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Malton says no material progress on EV motorcycle collaboration with China's BENLG

Malton says no material progress on EV motorcycle collaboration with China's BENLG

news

Updated:
  • Malton Bhd's EV motorcycle collaboration with China's BENLG shows no material progress.
  • The MoU, signed in January, aimed to explore the Malaysian EV market.
  • This non-binding agreement has no immediate financial impact on Malton.
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Aneka Jaringan completes RM1.02 mil acquisition of 51% stake in P3 International

Aneka Jaringan completes RM1.02 mil acquisition of 51% stake in P3 International

news

Updated:
  • Aneka Jaringan acquired 51% of P3 International for RM1.02 mil cash.
  • This expands their reach into Taiwan's construction sector.
  • A profit guarantee ensures future financial performance.
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Johan Holdings’ unit to sell Lumut hotel and adjoining land for RM47.4m