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Maybulk, Leader Steel to pay special payouts after joint RM687.89 mil land sale in Klang with Eonmetall

Maybulk, Leader Steel to pay special payouts after joint RM687.89 mil land sale in Klang with Eonmetall

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Updated:
  • Maybulk, Eonmetall, and Leader Steel are selling industrial land in Klang for RM687.89 million.
  • The sales are linked to a common major shareholder and require non-interested shareholder approval.
  • Each company plans to use proceeds for dividends, debt repayment, and future investments.
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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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  • 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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  • 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

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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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Penang reclassifies land without planning approval to reduce quit rent rates

Penang reclassifies land without planning approval to reduce quit rent rates

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Updated:
  • The Penang state executive council has revised quit rent rates to ease landowners' financial burdens.
  • Industrial and commercial land without planning approval will be reclassified, affecting 370,000 titles.
  • Landowners are encouraged to develop their properties legally.
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NCT Alliance appoints Ong Chou Wen as its first CEO

NCT Alliance appoints Ong Chou Wen as its first CEO

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Updated:
  • NCT Alliance Bhd has appointed Ong Chou Wen as its first CEO since its 2004 listing.
  • Ong has a strong background in property development, previously leading Tropicana Corp and WCT Holdings.
  • NCT Alliance's shares remain unchanged at 57 sen, with a market cap of RM1.21 billion.
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Melaka, Perlis and Putrajaya achieve zero abandoned housing projects as recovery efforts gain traction

Melaka, Perlis and Putrajaya achieve zero abandoned housing projects as recovery efforts gain traction

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Updated:
  • The Ministry of Housing in Malaysia reports zero abandoned projects in Melaka, Perlis, and Putrajaya.
  • Since 2023, 1,501 projects have been revived, delivering 176,687 housing units.
  • The focus remains on monitoring and coordination to achieve zero abandoned projects by 2030!
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UDA appoints veteran corporate leader Ahmad Fuaad Kenali as CEO

UDA appoints veteran corporate leader Ahmad Fuaad Kenali as CEO

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Updated:
  • UDA Holdings Bhd has appointed Datuk Ahmad Fuaad Mohd Kenali as CEO, effective April 1.
  • He brings over 30 years of experience in various sectors and aims to strengthen UDA's foundations.
  • Ahmad Fuaad is committed to driving growth and transformation with the support of the board and employees.
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IJM secures RM658 mil data centre contract in Elmina Business Park

IJM secures RM658 mil data centre contract in Elmina Business Park

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Updated:
  • IJM Corp Bhd has secured a RM658.01 million contract for a hyperscale data centre in Selangor.
  • Construction is set to begin in 2Q2026, with completion targeted for 3Q2027.
  • This is IJM's second contract in the Elmina Business Park, bringing the total project value to over RM1.9 bil.
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