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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Seal hands over control of 31.5-acre Penang reclamation project to property developer GSD Land

Seal hands over control of 31.5-acre Penang reclamation project to property developer GSD Land

news

Updated:
  • Seal Inc Bhd is transferring control of its Penang reclamation project to Titanium Greenview Sdn Bhd.
  • This partnership reduces Seal's financial risk while retaining a 17.66% stake in Mutiara Waterfronts.
  • The collaboration aims to revive the project and is expected to be effective by the second quarter of 2026.
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Johor denies data centres cause of Pontian, Simpang Renggam water supply disruption

Johor denies data centres cause of Pontian, Simpang Renggam water supply disruption

news

Updated:
  • The Johor govt dismissed claims linking water supply issues in Pontian and Simpang Renggam to data centres.
  • Scheduled disruptions are due to low raw water levels from drought, not data centre development.
  • Cloud seeding operations are underway to improve water levels and mitigate the situation.
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PM calls for Kuala Lumpur and Selangor Chinese Assembly Hall conservation, heritage recognition

PM calls for Kuala Lumpur and Selangor Chinese Assembly Hall conservation, heritage recognition

news

Updated:
  • Prime Minister Anwar Ibrahim urged conservation of the 100-year-old KLSCAH building in Kuala Lumpur.
  • He tasked Minister Hannah Yeoh and Mayor Datuk Fadlun Mak Ujud to coordinate efforts for its recognition.
  • The building serves as a welfare centre for the Chinese community and needs government recognition.
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Dust concerns near Gelang Patah data centre site prompt enforcement review

Dust concerns near Gelang Patah data centre site prompt enforcement review

news

Updated:
  • Residents near the Nusajaya 2 Industrial Park raised concerns about dust pollution and construction hours.
  • Developer Tropicana Firstwide agreed to enhance dust mitigation measures and consider residents' CSR requests.
  • ZDATA clarified that their construction activities generate minimal dust and will not affect water supply.
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GDB says no authorised investment scheme promising 20% return

GDB says no authorised investment scheme promising 20% return

news

Updated:
  • GDB Holdings Bhd clarified it has not issued any share investment scheme promising a 20% return.
  • The company advised shareholders to exercise caution and avoid speculative trading in its securities.
  • GDB remains focused on its operations and communicates updates through Bursa Malaysia and its website.
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KPKT strengthens governance framework for MyKiosk following MACC review

KPKT strengthens governance framework for MyKiosk following MACC review

news

Updated:
  • The Ministry of Housing and Local Government is enhancing oversight for the MyKiosk initiative.
  • A MACC review found no corruption but revealed procedural gaps, prompting new guidelines forPBTs.
  • The initiative has expanded to support student entrepreneurship within campus ecosystems.
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GDB enters Sarawak property market with RM32.72m land purchase

GDB enters Sarawak property market with RM32.72m land purchase

news

Updated:
  • GDB Holdings Bhd is acquiring three leasehold land parcels in Kuching for RM32.72 million.
  • The development will include mixed-use facilities like serviced apartments and retail spaces.
  • The deal is expected to enhance GDB's project pipeline without significantly impacting FY2026 earnings.
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Loke says govt ramping up efforts to expedite LRT3 opening

Loke says govt ramping up efforts to expedite LRT3 opening

news

Updated:
  • The Ministry of Transport is expediting the LRT3 opening to ease Klang Valley traffic congestion.
  • Minister Loke highlighted the need for more public transport options amid rising vehicle numbers.
  • He noted that vehicle sales reached 820,000 last year, making Malaysia the largest market in Southeast Asia.
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Wisma ELM structural framework intact—AmanahRaya REIT

Wisma ELM structural framework intact—AmanahRaya REIT

news

Updated:
  • The structural framework of Wisma ELM is intact after an independent engineering assessment.
  • No compromise to the building's integrity was found following the Jan 12 incident.
  • AmanahRaya REIT is prioritising safety and addressing any necessary repairs before resuming operations.
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Johan Holdings’ unit to sell Lumut hotel and adjoining land for RM47.4m