Mah Sing signs supplemental agreements for Johor land acquisition

Mah Sing signs supplemental agreements for Johor land acquisition

news

Updated:
  • Mah Sing Group's subsidiary has amended terms for acquiring land in Kulai, Johor.
  • The land area increased slightly to 419.17 acres, but the purchase price remains RM273.87 million.
  • The subdivision will now consist of six parcels instead of two, supporting a RM2.26 bil industrial project.
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Semantan files further discovery application for pre-Merdeka land records, ahead of assessment proceedings

Semantan files further discovery application for pre-Merdeka land records, ahead of assessment proceedings

news

Updated:
  • Semantan Estate has filed for pre-Merdeka land records to aid in compensation assessment proceedings.
  • They seek documents to establish land value and zoning from 1956 for a proper market valuation report.
  • Compensation hearing is set for April 3-10, following a court ruling on land valuation based on 1956 prices.
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IJM says takeover offer reflects low point in earnings while asset value stays high

IJM says takeover offer reflects low point in earnings while asset value stays high

news

Updated:
  • IJM Corporation Bhd urges shareholders to reject Sunway Bhd's takeover bid, citing low earnings.
  • IJM plans to unlock value via initiatives like exiting India, potentially listing its construction division.
  • IJM believes these strategies can be executed within two years to enhance shareholder value.
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IJM’s plans to list toll assets offer alternative to Sunway takeover in unlocking value — analysts

IJM’s plans to list toll assets offer alternative to Sunway takeover in unlocking value — analysts

news

Updated:
  • IJM Corp Bhd plans to list parts of its assets, including construction and toll roads, to unlock value.
  • Analysts suggest holding out for a better offer, as proposed floatation could strengthen IJM's balance sheet.
  • Despite a recent drop in share price, 10 out of 14 analysts maintain "buy" recommendations.
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EcoWorld partners JLand Group to develop projects in Johor and Australia

EcoWorld partners JLand Group to develop projects in Johor and Australia

news

Updated:
  • Eco World Development Group and JLand Group are partnering on three projects in Johor and Sydney.
  • They include a residential project in Sydney, a mixed-use project in JB, and an industrial park in Kulai.
  • This collaboration aims to leverage the companies' strengths for long-term growth and socio-economic benefits.
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Sunway REIT to establish RM3b sustainability-linked commercial papers programme

Sunway REIT to establish RM3b sustainability-linked commercial papers programme

news

Updated:
  • Sunway REIT is launching a RM3 billion sustainability-linked commercial papers program.
  • The funds will support working capital, repay borrowings, and finance investments.
  • The SLCPs received a P1(s) rating and are managed by Public Investment Bank Bhd.
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Chin Hin Group Property buys Kota Damansara site for RM66m, plans industrial-commercial development

Chin Hin Group Property buys Kota Damansara site for RM66m, plans industrial-commercial development

news

Updated:
  • Chin Hin Group Property Bhd acquired an industrial property in Kota Damansara for RM66 million.
  • This marks their first move into industrial development, diversifying from residential projects.
  • The redevelopment aims for a GDV of RM449.4 million, enhancing their earnings.
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Inta Bina wins RM49m job to build factory buildings in Port Dickson industrial park

Inta Bina wins RM49m job to build factory buildings in Port Dickson industrial park

news

Updated:
  • Inta Bina Group Bhd has won a RM49 million contract for factory buildings in Port Dickson.
  • The project includes 96 cluster factories and electrical substations, starting July 1, 2026.
  • Eco Business Park 7 is looking to transform 1,195 acres of land in Bukit Pelandok into an industrial park.
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Selangor govt strives to complete master plan for Pulau Carey Port Development

Selangor govt strives to complete master plan for Pulau Carey Port Development

news

Updated:
  • The Selangor government is advancing the Pulau Carey Port Development Master Plan after Cabinet approval.
  • This plan will enhance infrastructure, renewable energy, and community preservation in the area.
  • The third terminal aims to boost Port Klang's status and economic opportunities in Malaysia and the region.
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Scientex’s 2Q earnings rise 9.1% on property, packaging business improvements

Scientex’s 2Q earnings rise 9.1% on property, packaging business improvements

news

Updated:
  • Scientex Bhd reported a 9.1% increase in earnings, reaching RM135.2 million for 2QFY2026.
  • The property division saw an 8% rise in operating profit, while packaging profits jumped 16%.
  • Despite growth, the packaging sector faces challenges from geopolitical tensions affecting supply chains.
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Mah Sing signs supplemental agreements for Johor land acquisition