GDB’s former managing director disposes of 6.3% stake at discount

GDB’s former managing director disposes of 6.3% stake at discount

news

Updated:
  • Cheah Ham Chia sold a 6.3% stake in GDB Holdings for RM21.125 million at a discount.
  • His stake is now reduced to 11.34%, having offloaded 341.905 million shares since December.
  • Despite the sales, he remains one of the largest shareholders alongside Alexander Lo Tzone Leong.
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EPF chief says no decision yet on Sunway’s offer for IJM

EPF chief says no decision yet on Sunway’s offer for IJM

news

Updated:
  • EPF is awaiting an independent advice circular before deciding on Sunway's takeover offer.
  • Sunway's proposal values IJM at RM3.15 per share, with a cash-and-share deal structure.
  • IJM shareholders are not obligated to sell, and the offer is open until April 6.
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S P Setia partners RHB Bank to ease homeownership transition

S P Setia partners RHB Bank to ease homeownership transition

news

Updated:
  • S P Setia has partnered with RHB Bank to enhance home purchasing experiences.
  • Their 'Sign & Prosper' campaign offers new purchasers a rebate of RM3,888.
  • Eligible purchasers can access financing up to 120% for properties valued at RM500,000 and above.
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IGB, developer of Mid Valley City, expects broad growth after 20% rise in 4Q earnings

IGB, developer of Mid Valley City, expects broad growth after 20% rise in 4Q earnings

news

Updated:
  • IGB Bhd reported a 20% net profit increase in 4Q2025, reaching RM99.14 million.
  • Revenue rose 14% to RM499.6 million, driven by strong rental income and home sales.
  • The company anticipates continued growth in 2026, supported by domestic spending and new project launches.
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LSH Capital inks development deals with combined GDV of RM904 mil

LSH Capital inks development deals with combined GDV of RM904 mil

news

Updated:
  • Lim Seong Hai Capital Bhd has signed two mixed development deals in KL and Selangor worth RM903.9 million.
  • The projects involve a 52-storey development in Setapak and a residential-commercial project in Gombak.
  • Shareholders also approved the Morib rejuvenation project.
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Berjaya Corp appoints Levin Tan as executive director

Berjaya Corp appoints Levin Tan as executive director

news

Updated:
  • Berjaya Corp Bhd has appointed Levin Tan Eng Kien as executive director, effective immediately.
  • Levin brings over 18 years of investment banking experience and will help drive strategic direction.
  • BCorp's workforce is 44.2% women, with women holding over half of management roles.
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KSL posts record 4Q profit and revenue, proposes 10 sen dividend

KSL posts record 4Q profit and revenue, proposes 10 sen dividend

news

Updated:
  • KSL Holdings Bhd reported a record fourth-quarter net profit of RM258.41 million, up 66.4%.
  • Revenue for the quarter rose 41.1% to RM548.66 million, driven by ongoing projects.
  • Company remains optimistic about growth, supported by housing initiatives and regional connectivity projects.
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115 companies to be recognised as smart factories by end-2026—Miti

115 companies to be recognised as smart factories by end-2026—Miti

news

Updated:
  • By the end of the year, 115 companies will be recognised as smart factories in Malaysia.
  • Currently, 30 factories are identified as smart, with 71 of 241 companies in various implementation stages.
  • The Smart Tech Up program aims to enhance industry capabilities and support 3,000 smart factories by 2030!
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Powering smart industries: 5G expansion targets highways, industrial corridors

Powering smart industries: 5G expansion targets highways, industrial corridors

news

Updated:
  • Malaysia is shifting its 5G strategy to enhance connectivity along key transport routes and industrial areas.
  • Industry leaders emphasise 5G's role in improving productivity and quality.
  • Malaysia must focus on supply chain partnerships while leveraging its skilled workforce and innovation.
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Govt to amend Act 333 to deal with abandoned vehicles in strata housing

Govt to amend Act 333 to deal with abandoned vehicles in strata housing

news

Updated:
  • The Malaysian government plans to amend the Road Transport Act 1987 to address abandoned vehicles.
  • Local authorities lack enforcement power in private strata areas without cooperation from management bodies.
  • Proposed changes aim to enhance enforcement capabilities and streamline vehicle disposal processes.
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GDB’s former managing director disposes of 6.3% stake at discount