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Former IGP Razarudin joins Advancecon as chairman after brief stint at NexG Bina

Former IGP Razarudin joins Advancecon as chairman after brief stint at NexG Bina

news

Updated:
  • Advancecon Holdings has appointed Tan Sri Razarudin Husain as its new independent chairman.
  • He succeeds Yeoh Chong Keat, who resigned after nearly 10 years on the board.
  • The company also appointed Datuk Loo Took Gee and Wee Chuen Lii as independent non-executive directors to strengthen its leadership.
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DutaLand seeks shareholders’ nod to end Olympia joint development arrangement over RM1.917b Kenny Heights land

DutaLand seeks shareholders’ nod to end Olympia joint development arrangement over RM1.917b Kenny Heights land

news

Updated:
  • DutaLand seeks to end a joint development with Olympia Industries for Kenny Heights land.
  • This termination, valued at RM1.917 bil, allows independent development of parcels.
  • The move is expected to boost DutaLand's net assets by RM290.3 mil.
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Rivertree STF seeks shareholders’ nod for RM46.29 mil acquisitions, RM12.97 mil disposal

Rivertree STF seeks shareholders’ nod for RM46.29 mil acquisitions, RM12.97 mil disposal

news

Updated:
  • Rivertree STF Synergies Bhd (RSSB) plans to acquire two property firms for RM46.288 mil.
  • They will also dispose of another company for RM12.972 mil to reshape their pipeline.
  • These moves aim to expand RSSB's property development business and project portfolio.
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OSK Property brings forward OSK Ombak Phase 2 after Phase 1 fully taken up, says developer

OSK Property brings forward OSK Ombak Phase 2 after Phase 1 fully taken up, says developer

news

Updated:
  • OSK Property launched Phase 2 of OSK Ombak early due to strong Phase 1 sales.
  • This beachfront development in Kuantan offers serviced apartments and retail units.
  • It aims to meet demand from local industrial growth and tourism.
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Rehda welcomes national housing policy, calls for careful BTS transition

Rehda welcomes national housing policy, calls for careful BTS transition

news

Updated:
  • Rehda supports the National Housing Policy 2026-2035.
  • They advocate a measured and phased shift from Sell Then Build to Build Then Sell.
  • The policy's data-driven approach and focus on liveable neighbourhoods are welcomed.
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Sime Darby Property to buy 557 acres in Kulai to build RM3b township

Sime Darby Property to buy 557 acres in Kulai to build RM3b township

news

Updated:
  • Sime Darby Property plans to buy 557 acres in Kulai, Johor, for RM418.5 million.
  • They will develop a township with an estimated RM3 billion GDV.
  • This project expands their portfolio, especially within the Johor-Singapore Special Economic Zone.
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Aratas to invest RM259m in relocation to COMPASS @ Kota Seri Langat

Aratas to invest RM259m in relocation to COMPASS @ Kota Seri Langat

news

Updated:
  • OMRON, to be renamed Aratas Components, will invest ¥10 billion to expand its facility.
  • The new facility at COMPASS @ Kota Seri Langat will boost production capacity by 1.5 times.
  • It aims to be a strategic hub, accounting for over 10% of global production.
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PKNS denies loss, debt claims as inaccurate and misleading

PKNS denies loss, debt claims as inaccurate and misleading

news

Updated:
  • PKNS denies claims of RM103.69 million in losses and RM6.1 billion in debt.
  • They state these allegations are inaccurate and misleading.
  • An independent assessment confirms PKNS's strong financial position.
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Eddie Ong ceases to be substantial unitholder of Hektar REIT

Eddie Ong ceases to be substantial unitholder of Hektar REIT

news

Updated:
  • Businessman Eddie Ong is no longer a substantial unitholder in Hektar REIT.
  • He sold 7.135 million units, reducing his stake to 4.998%.
  • This marks his first time below 5% since December 2023.
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Armani Group plans Kazakhstan market entry with TBay and Etagi

Armani Group plans Kazakhstan market entry with TBay and Etagi

news

Updated:
  • Armani Group partners with TBay and Etagi to enter the Kazakhstan market.
  • They will introduce Malaysian luxury properties, starting with Armani Hallson KLCC.
  • This initiative responds to strong interest from Kazakhstan investors in Malaysia's luxury real estate.
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Former IGP Razarudin joins Advancecon as chairman after brief stint at NexG Bina