Penang quit rent revision needed to correct long-standing disparities, says CM

Penang quit rent revision needed to correct long-standing disparities, says CM

news

Updated:
  • The Penang government will increase quit rent in 2026 and gazette 25 new townships to address inequities.
  • Chief Minister Chow Kon Yeow noted the last rate revision was in 1994, leading to unfair disparities.
  • To ease the impact, a 50% rebate will be provided to affected landowners facing increased rates.
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IOI Properties’ CEO Lee Yeow Seng buys additional 9.4m shares during closed period

IOI Properties’ CEO Lee Yeow Seng buys additional 9.4m shares during closed period

news

Updated:
  • Datuk Lee Yeow Seng acquired 9.4 mil shares of IOI Properties, raising his total interest to 3.7 bil shares.
  • The Employees Provident Fund also adjusted its stake, acquiring 25,000 shares while disposing of 1.7 mil.
  • IOI Properties' stock rose 3.18% following these insider transactions, indicating positive market sentiment.
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E&O to highlight forest-adjacent Seri Embun in City of Elmina during CNY showcase

E&O to highlight forest-adjacent Seri Embun in City of Elmina during CNY showcase

news

Updated:
  • E&O will host a Chinese New Year celebration at City of Elmina from Feb 28 to March 1, 2026!
  • The event, 'Huat Come Home', features family activities, lion dances, and traditional snacks.
  • Seri Embun, the new residential township, emphasies long-term liveability, green spaces and wellness.
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EPF and Maybank trade Sunway, IJM shares amid takeover bid

EPF and Maybank trade Sunway, IJM shares amid takeover bid

news

Updated:
  • Sunway Bhd reported share transactions involving key stakeholders amid its takeover offer for IJM Corp.
  • The Employees Provident Fund and Maybank were noted for significant trades in Sunway and IJM shares.
  • Disclosures enhance transparency and allow investors to track shareholder movements during takeover process.
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Econpile set to surge despite slower project rollout, says RHB IB after cutting targets

Econpile set to surge despite slower project rollout, says RHB IB after cutting targets

news

Updated:
  • RHB Investment Bank expects Econpile Bhd's share price to rise to 44 sen despite cutting earnings forecasts.
  • The firm maintains a "buy" rating, citing a strong order book and earnings recovery.
  • Econpile's order book has reached RM700 million, bolstered by new job wins this financial year.
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Andrew Tan trades 28.65m Tanco shares, ends with marginal net gain

Andrew Tan trades 28.65m Tanco shares, ends with marginal net gain

news

Updated:
  • Datuk Seri Andrew Tan Jun Suan traded shares in Tanco Holdings Bhd, acquiring 14.36 million shares.
  • His direct interest increased by 61,600 shares, totaling 1,142,150,492 shares (18.955%).
  • The filings show no change in control, with indirect interests remaining at 2,086,141,352 shares (34.622%).
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FBG bags RM238 mil contract to build 25-storey hotel at JB's Mid Valley Southkey

FBG bags RM238 mil contract to build 25-storey hotel at JB's Mid Valley Southkey

news

Updated:
  • FBG Holdings Bhd has secured a RM238.1 million contract for a 25-storey hotel in Johor Bahru.
  • The project will add 375 rooms and is set to be completed by June 30, 2028.
  • This contract boosts FBG's order book to RM1.23 billion, enhancing its growth prospects.
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Radium completes RM45m Ampang land acquisition

Radium completes RM45m Ampang land acquisition

news

Updated:
  • Radium Development Bhd has completed its RM45 million land acquisition in Bandar Ampang, Selangor.
  • The sale became unconditional on July 23, 2025, with full payment made on Feb 13, 2026.
  • Vacant possession was delivered on Jan 31, 2026, after extensions were granted without penalties.
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EPF lifts stake in KLCC Stapled Group to 10.95%

EPF lifts stake in KLCC Stapled Group to 10.95%

news

Updated:
  • The EPF has increased its interest in the KLCC Stapled Group by acquiring additional securities.
  • EPF now holds 197,693,975 stapled securities, a 10.951% stake.
  • This acquisition was disclosed on Feb 19, following a notice dated Feb 13.
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EPF raises stake in IOI Properties; group CEO Lee buys 10.7m shares

EPF raises stake in IOI Properties; group CEO Lee buys 10.7m shares

news

Updated:
  • EPF increased its stake in IOI Properties by acquiring 1,269,200 shares on Feb 12, 2026.
  • CEO Datuk Lee Yeow Seng disclosed that he had acquired 10,690,300 ordinary shares on Feb 16, 2026.
  • The disclosures fall under the reporting requirements for changes in the interests of substantial shareholders
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Penang quit rent revision needed to correct long-standing disparities, says CM