Mieco Chipboard sells land with factory in Semenyih to hamper specialist Jin Ye Ye for RM57m

news

Updated: March 20, 2026

Mieco Chipboard Bhd is selling 16.9 acres of land in Selangor for RM57 million to Jin Ye Ye Sdn Bhd.
The sale aims to improve Mieco's long-term viability and will yield a net gain of RM11.27 million.
The deal is expected to close in the second half of 2026, with Mieco's shares untraded recently.

news

Updated: March 30, 2026

The Malaysian property market is transitioning into a late-stage adjustment phase after a decade of growth.
While industrial thrives, the residential market shows signs of fatigue, indicating a selective demand.
As 2026 approaches, developers are pivoting strategies to focus on resilience rather than expansion.

news

Updated: March 30, 2026

Media Chinese International Ltd is selling its Toronto property for CAD$9.9 million after ceasing operations.
This sale marks a strategic exit from the Canadian print market, reallocating funds for working capital.
Move reflects a broader industry trend of traditional media rationalising assets for better liquidity.

news

Updated: March 30, 2026

Paragon Globe Bhd is shifting from residential development to an industrial ecosystem.
The 47-acre AutoPark project in Johor aims to create a structured automotive supply chain.
This strategic move reflects a broader trend in Malaysian property, focusing on ecosystem orchestration.

news

Updated: March 30, 2026

Paramount Property has converted Sinaran Residences and Sinaran Avenue from leasehold to freehold.
This change benefits 980 purchasers, with freehold titles issued to 964 and 16 buyers respectively.
The initiative enhances property value and ownership security, removing lease expiry concerns!

news

Updated: March 30, 2026

Sunway Group and Equalbase have launched 103°, a 55-hectare free commercial zone in Johor.
This zone features two completed warehouses and aims to enhance the Johor-Singapore growth corridor.
Future phases will expand the area to over six million sq ft of industrial real estate by 2028!

news

Updated: March 30, 2026

KPKT proposes a Malaysia–Cambridge Urban Platform for urban planning collaboration.
The initiative aims to enhance housing policy and align with the MADANI framework and SDGs.
Announcement underscores a policy-driven approach to addressing structural imbalances in the housing market.

news

Updated: March 30, 2026

Magna Prima Bhd is investing RM45 million to regain control of a 20-acre Shah Alam parcel after a JV collapse.
Original plan aimed for RM160 million in proceeds but left the site undeveloped, prompting OCR Group's exit.
Shift highlights diverging strategies, with Magna focusing on asset control while OCR prioritises liquidity.

news

Updated: March 30, 2026

The Employees Provident Fund has decided to reject Sunway Bhd's offer for its shares in IJM Corporation.
EPF decided to turn it down on the grounds that the price did not reflect the intrinsic value of IJM.
EPF will be the second govt-linked investment fund that rejects Sunway's takeover offer for IJM, after PNB.

news

Updated: March 27, 2026

The Employees Provident Fund (EPF) abstained from voting on Sunway Bhd's takeover offer for IJM Corp.
Sunway's offer of RM3.15 per share was deemed unfair by M&A Securities, suggesting a significant discount.
IJM shares rose 5.06% to RM2.49, while Sunway's shares increased by 1.53% to RM5.31.