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Wing Tai bets RM45m on Mont’Kiara as competition stiffens in KL’s premier address

Wing Tai bets RM45m on Mont’Kiara as competition stiffens in KL’s premier address

news

Updated:
  • Wing Tai Holdings Ltd has acquired a freehold land parcel in Mont’Kiara for RM45 million.
  • The site will be developed into a residential project, with plans for a boutique launch in 2027.
  • The upcoming MRT3 Circle Line may significantly enhance Mont’Kiara's appeal by improving connectivity.
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Sunway says MACC has cleared it of wrongdoing in IJM takeover deal

Sunway says MACC has cleared it of wrongdoing in IJM takeover deal

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Updated:
  • Sunway Bhd has been cleared by the MACC regarding its takeover offer for IJM Corporation Bhd.
  • Founder Tan Sri Dr Jeffrey Cheah announced the clearance, assuring shareholders of the deal's merits.
  • The MACC's investigation focused on potential corruption and governance violations linked to the acquisition.
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Tan Chong completes RM148.8m Jalan Putra disposal, shores up liquidity ahead of June sukuk maturity

Tan Chong completes RM148.8m Jalan Putra disposal, shores up liquidity ahead of June sukuk maturity

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Updated:
  • Tan Chong Motor has completed the RM148.8 million sale of nine land plots, boosting liquidity.
  • This cash inflow is crucial as the company faces a RM150 million debt maturity in June 2026.
  • Sale highlights reliance on asset monetisation while the focus shifts to improving operational performance.
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REHDA’s UK study tour engages London mayor’s office and Foster + Partners on housing, regeneration and future city models

REHDA’s UK study tour engages London mayor’s office and Foster + Partners on housing, regeneration and future city models

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Updated:
  • REHDA Institute's AREL Study Tour in the UK aims to enhance Malaysia's real estate knowledge.
  • The delegation, led by industry leaders, focuses on urban regeneration and housing strategies.
  • Insights gained from London’s mayor's office and Gamuda Land's PBSA project.
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Exsim Hospitality seeks to diversify into construction, procurement businesses

Exsim Hospitality seeks to diversify into construction, procurement businesses

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Updated:
  • Exsim Hospitality Bhd seeks shareholder approval to diversify into construction and procurement activities.
  • The proposed expansion includes general contracting and centralised sourcing of materials.
  • Shareholder approval is required for the diversifications and a new mandate for related party transactions.
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GuocoLand to table privatisation proposal at EGM

GuocoLand to table privatisation proposal at EGM

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Updated:
  • GuocoLand (Malaysia) Bhd will hold an extraordinary general meeting to discuss privatisation.
  • The proposal involves a capital reduction at RM1.10 per share, affecting 34.97% of shareholders.
  • GLLM plans to delist GuocoLand Malaysia after the privatisation, currently holding 65.03% of shares.
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Axis REIT and Ann Joo mutually terminate Penang industrial property acquisition on unsatisfactory due diligence findings

Axis REIT and Ann Joo mutually terminate Penang industrial property acquisition on unsatisfactory due diligence findings

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Updated:
  • Axis REIT has terminated the RM800 million acquisition of a property from Ann Joo Steel.
  • Both parties agreed to end the deal without any claims against each other.
  • The acquisition was initially announced in November 2025, involving a lease-back arrangement.
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Malaysia not immune to housing affordability pressures, shifting to targeted reforms — minister

Malaysia not immune to housing affordability pressures, shifting to targeted reforms — minister

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Updated:
  • Malaysia faces rising housing affordability issues despite a high homeownership rate of 76.5%.
  • Shifting to targeted housing reforms, focusing on long-term liveability and local income benchmarks.
  • Collaboration with global institutions aims to attract talent and address affordability challenges.
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Binastra Corp's 4Q net profit jumps 70% to RM42m amid higher number of projects

Binastra Corp's 4Q net profit jumps 70% to RM42m amid higher number of projects

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Updated:
  • Binastra Corp Bhd's 4Q net profit climbed nearly 70% to RM42.4 million.
  • Revenue for the quarter rose 77% to RM477.2 million from RM270.2 million.
  • The group plans to sustain growth by efficiently executing its order book and exploring new opportunities.
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Sunway stands firm on IJM bid, citing independent valuations and its own track record

Sunway stands firm on IJM bid, citing independent valuations and its own track record

news

Updated:
  • Sunway Bhd is firm on its RM3.15 per share takeover offer for IJM Corp, citing fair valuations.
  • Founder Tan Sri Dr Jeffrey Cheah stated they won't revise the bid unless they secure 50% plus one share.
  • Sunway aims to create a "national champion" by merging strengths in various sectors.
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