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IJM: MACC clarifies probe targets individuals only, not the group as an entity

IJM: MACC clarifies probe targets individuals only, not the group as an entity

news

Updated:
  • IJM Corporation Bhd confirmed that the MACC's investigation does not involve the company itself.
  • The probe is focused on individuals linked to IJM amid allegations of a RM2.5 billion money laundering scheme.
  • IJM's chairman is cooperating with the MACC, while Sunway Bhd's takeover offer for IJM is also under investigation.
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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

news

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

news

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

news

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

news

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

news

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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Penang reclassifies land without planning approval to reduce quit rent rates

Penang reclassifies land without planning approval to reduce quit rent rates

news

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

news

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

news

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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IJM: MACC clarifies probe targets individuals only, not the group as an entity