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Gagasan Nadi Cergas MD trims stake to 57%

Gagasan Nadi Cergas MD trims stake to 57%

news

Updated:
  • Datuk Wan Azman Wan Kamal sold a 7.44% stake in Gagasan Nadi Cergas, reducing his interest to 57.25%.
  • He disposed of 56 million shares at 43 sen each, earning RM24.08 million.
  • The company plans a bonus issue of warrants to raise up to RM120.48 million for working capital.
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GDB revises timeline for land acquisition conditions precedent

GDB revises timeline for land acquisition conditions precedent

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Updated:
  • GDB Holdings Bhd has amended the timeline for acquiring three land parcels in Kuching, Sarawak.
  • The timeframe for obtaining consent for Lot 19102 has been reduced from nine months to two months.
  • All other terms of the original agreement remain unchanged and in effect.
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Probe into Sunway's takeover offer for IJM completed, papers now with attorney general, says Azam Baki

Probe into Sunway's takeover offer for IJM completed, papers now with attorney general, says Azam Baki

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Updated:
  • Malaysia's anti-graft agency has submitted investigation papers on IJM Corporation's takeover to the AG.
  • The MACC clarified that investigations focus on individuals, not the group itself.
  • Two main cases involve a RM2.5 billion money laundering scheme and alleged bribery linked to a project.
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Latest contract win shows IJM could hold its own, analysts say amid takeover bid

Latest contract win shows IJM could hold its own, analysts say amid takeover bid

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Updated:
  • IJM Corporation Bhd secured a RM658 million contract, showcasing its strength amid a takeover bid.
  • Analysts believe this win enhances IJM's prospects for future contracts, potentially worth RM6.8 billion.
  • Major shareholders are resisting the takeover, which could jeopardise the deal as they hold 43% of IJM shares.
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Matrix Concepts eyes further industrial phases after 85% take-up at MVV TechValley

Matrix Concepts eyes further industrial phases after 85% take-up at MVV TechValley

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Updated:
  • Matrix Concepts Holdings Bhd has achieved over 85% take-up for its semi-detached factories at MVV TechValley.
  • The strong demand reflects a shift towards well-planned industrial developments in Malaysia Vision Valley.
  • The project attracts diverse buyers seeking strategic connectivity and growth potential.
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Topmix to acquire Johor land parcels for RM18.97 mil

Topmix to acquire Johor land parcels for RM18.97 mil

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Updated:
  • Topmix Bhd plans to acquire two industrial land parcels in Johor for RM18.97 million.
  • The acquisition will be made by its subsidiary Topmix Resources Sdn Bhd.
  • Topmix shares remained steady at RM0.47 following the announcement, with a market cap of RM185.11 million.
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Malaysia occupiers to prioritise optimisation over expansion in 2026, says Knight Frank

Malaysia occupiers to prioritise optimisation over expansion in 2026, says Knight Frank

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Updated:
  • Local corporate real estate players are balancing cost savings and transformation amid a weak global outlook.
  • A report indicates that 70.8% of occupiers prioritise performance and learning outcomes over presenteeism.
  • 36.7% anticipate more sustainable buildings in their portfolios.
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Jeffrey Cheah urges GLICs to evaluate Sunway's IJM bid objectively

Jeffrey Cheah urges GLICs to evaluate Sunway's IJM bid objectively

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Updated:
  • Tan Sri Jeffrey Cheah urges IJM Corp shareholders to assess Sunway's takeover bid without bias.
  • Major GLICs hold 45% of IJM, and rejection of the offer could hinder Sunway's success.
  • Cheah remains hopeful for at least 50% acceptance, emphasising the benefits of joining a larger entity.
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Is Sunway’s offer for IJM acceptable? An arithmetic view of the cash-share deal

Is Sunway’s offer for IJM acceptable? An arithmetic view of the cash-share deal

news

Updated:
  • Sunway Bhd's takeover bid for IJM Corp Bhd offers a potential gain of nearly 31% for shareholders.
  • The deal includes cash and shares, but requires over 50% acceptance to proceed.
  • Investors face tight deadlines and procedural hurdles, leading to skepticism about the deal's success.
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