Jeffrey Cheah: Sunway not a bully, will walk away if IJM bid is rejected

Jeffrey Cheah: Sunway not a bully, will walk away if IJM bid is rejected

news

Updated:
  • Sunway Bhd will withdraw its takeover bid for IJM Corp if shareholders do not accept by early April.
  • Founder Tan Sri Dr Jeffrey Cheah emphasised that IJM shareholders are free to decide on the offer.
  • “There is a lot of noise out there, but I stress that there is no compulsory acquisition."
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IOI Properties 6M FY2026 PBT surges to RM1.60b on valuation gains; core earnings up 87%

IOI Properties 6M FY2026 PBT surges to RM1.60b on valuation gains; core earnings up 87%

news

Updated:
  • IOI Properties Group Bhd reported a significant profit increase to RM1.60 billion for 6M FY2026.
  • Revenue rose 42% to RM2.01 billion, with all core segments showing higher performance.
  • Analysts view the company's shift towards a recurring income base as a positive trend for future growth.
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Anwar Syahrin, former CEO of Malakoff and UEM Sunrise, passes away

Anwar Syahrin, former CEO of Malakoff and UEM Sunrise, passes away

news

Updated:
  • Anwar Syahrin Abdul Ajib, former CEO of Malakoff Corp and UEM Sunrise, passed away at 53.
  • He took the helm of UEM Sunrise in 2014. He joined Malakoff as the CEO from December 2020.
  • Anwar leaves behind a wife and four children, having had a notable career in finance and property development.
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Sunway’s healthcare arm eyes Southeast Asia expansion

Sunway’s healthcare arm eyes Southeast Asia expansion

news

Updated:
  • Sunway Healthcare Holdings Bhd is considering expansion into Southeast Asia as part of its growth strategy.
  • The group plans to focus on domestic growth first, with new hospital developments in East Malaysia and Pahang.
  • SHH is set to raise RM2.86 billion from its IPO, marking Malaysia's largest listing in nine years.
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KPKT implements immediate mitigation measures over TTDI water overflow

KPKT implements immediate mitigation measures over TTDI water overflow

news

Updated:
  • The Ministry of Housing and Local Government addressed flooding concerns in Taman Tun Dr Ismail.
  • They initiated technical measures to improve drainage and mitigate overflow from recent heavy rains.
  • Ongoing actions include upgrading retention ponds and inspecting drainage systems to prevent future incidents.
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SD Guthrie, Selangor govt explore massive 5,000-acre development on Carey Island

SD Guthrie, Selangor govt explore massive 5,000-acre development on Carey Island

news

Updated:
  • SD Guthrie Bhd and the Selangor government have partnered for a major development on Carey Island.
  • The MOU outlines plans for a 2,500 to 5,000-acre project linked to the Carey Island Port expansion.
  • This initiative aims to enhance the island's economic potential and support Selangor's growth agenda!
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Astaka ventures into healthtech as new growth driver, signs exclusive deal with Evergrown

Astaka ventures into healthtech as new growth driver, signs exclusive deal with Evergrown

news

Updated:
  • Astaka Holdings Ltd is entering the healthtech sector by partnering with Evergrown Holdings Bhd.
  • They will manufacture healthtech light products to enhance hygiene in built environments.
  • Astaka aims to launch its brand in Singapore by 3Q2026, expanding regionally thereafter.
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YTL Hospitality REIT eyes RM99 mil private placement for debt repayment

YTL Hospitality REIT eyes RM99 mil private placement for debt repayment

news

Updated:
  • YTL Hospitality REIT plans to raise RM99 million by placing up to 90 million new units.
  • The units will represent about 5% of the REIT's enlarged capital, priced at RM1.10 each.
  • The REIT currently has RM1.41 billion in borrowings and manages 18 properties.
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YTL 1HFY2026 earnings hit by lower power prices, Malayan Cement bright spot

YTL 1HFY2026 earnings hit by lower power prices, Malayan Cement bright spot

news

Updated:
  • YTL Corp Bhd's net profit fell 21.01% to RM784.51 million in 1HFY2026 due to lower electricity prices.
  • YTL Power's net profit dropped 43.13% to RM436.56 million.
  • Malayan Cement saw a 26.15% profit rise to RM232.98 million.
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UEM Sunrise FY2025 revenue rises 27% to RM1.7b, proposes higher 1.43 sen dividend

UEM Sunrise FY2025 revenue rises 27% to RM1.7b, proposes higher 1.43 sen dividend

news

Updated:
  • UEM Sunrise Bhd reported a 27% revenue increase to RM1.7 billion for FY2025, driven by property development.
  • The company proposed higher dividends of 1.43 sen per share, exceeding last year's payout.
  • For FY2026, UEM Sunrise targets RM1.3 billion in sales and plans to focus on attainable homes in key regions.
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Jeffrey Cheah: Sunway not a bully, will walk away if IJM bid is rejected