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GuocoLand to table privatisation proposal at EGM

GuocoLand to table privatisation proposal at EGM

news

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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Second wave of data centre boom is here, says Kenanga, as infrastructure projects slow

Second wave of data centre boom is here, says Kenanga, as infrastructure projects slow

news

Updated:
  • Malaysia is experiencing a second wave of data centre growth.
  • New mega-campuses are planned, with four projects expected by 2026.
  • This sector is a key growth driver for the construction industry.
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COMPASS IP sells 36-acre plot at the COMPASS @ KSL Industrial Park

COMPASS IP sells 36-acre plot at the COMPASS @ KSL Industrial Park

news

Updated:
  • COMPASS IP sold a 36-acre plot at COMPASS @ KSL Industrial Park.
  • This sale officially marks the 220-acre industrial park's full take-up.
  • A data centre consortium will build a 300 MVA facility there.
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Cagamas launches another reverse mortgage scheme, this time targeting senior homeowners

Cagamas launches another reverse mortgage scheme, this time targeting senior homeowners

news

Updated:
  • Cagamas Bhd launched a new reverse mortgage scheme, SSBT.
  • It targets homeowners aged 60-70 in the Klang Valley.
  • This scheme converts home equity into income, aiding financial resilience.
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SÓL Estate partners with over 10 operators for Sarawak’s first landed residential wellness hub

SÓL Estate partners with over 10 operators for Sarawak’s first landed residential wellness hub

news

Updated:
  • SÓL Estate partners with over 10 businesses for Sarawak's first Lifestyle & Wellness Hub.
  • This hub integrates healthcare, fitness, education, retail, and dining experiences.
  • It aims to be a "Third Place" to maintain multi-generational connections.
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Zahid moots return of a portion of FGV-managed land to Felda

Zahid moots return of a portion of FGV-managed land to Felda

news

Updated:
  • Deputy PM Zahid proposed FGV return a portion of land to Felda.
  • This aims to strengthen Felda's finances and help settlers.
  • The government spends nearly RM1 bil yearly to aid Felda.
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Govt mulling law amendment to allow multiple homes on Felda lots — Anwar

Govt mulling law amendment to allow multiple homes on Felda lots — Anwar

news

Updated:
  • The government plans to amend the Land Act 1960 for Felda settlers.
  • This will allow multiple houses on single residential lots.
  • Draft amendments are due in two months for Cabinet review.
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DBKL to acquire land to resolve Taman Datuk Senu access road issue

DBKL to acquire land to resolve Taman Datuk Senu access road issue

news

Updated:
  • DBKL is acquiring private land for a public road in Sentul.
  • The road was built on private land without prior acquisition.
  • DBKL expects resolution within three to four months.
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IGB Commercial REIT portfolio value edges up to RM3.25 bil on valuation gains

IGB Commercial REIT portfolio value edges up to RM3.25 bil on valuation gains

news

Updated:
  • IGBCR's property portfolio value rose slightly to RM3.253 bil.
  • Valuation by Knight Frank Malaysia confirmed this increase.
  • The net fair value change from Jan 1 to June 30 was RM841,000.
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TWL terminates three Alam Impian JV projects after delayed implementation

TWL terminates three Alam Impian JV projects after delayed implementation

news

Updated:
  • TWL Holdings Bhd terminated three joint venture agreements for the Alam Impian Project.
  • Delays were caused by market changes, the pandemic, and supply issues.
  • TWL Builders received full refunds for consideration sums and development expenses.
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