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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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Penang gazettes 15 heritage sites this year

Penang gazettes 15 heritage sites this year

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Updated:
  • Penang has gazetted 50 cultural heritage items this year to preserve its cultural treasures.
  • This includes 15 heritage sites, 7 intangible elements, and 28 local food items.
  • The state aims to elevate its heritage for potential UNESCO recognition by 2026!
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Train derails near Chan Sow Lin station; Rapid KL activates alternative plan

Train derails near Chan Sow Lin station; Rapid KL activates alternative plan

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Updated:
  • An LRT train derailed on the Ampang/Sri Petaling Line near Chan Sow Lin station due to a faulty track switch.
  • Rapid KL has implemented free shuttle services and alternative train routes to assist affected commuters.
  • All 25 passengers were safely evacuated, and no injuries were reported during the incident.
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US seizes luxury apartment bought with 1MDB funds for Jho Low’s aide

US seizes luxury apartment bought with 1MDB funds for Jho Low’s aide

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Updated:
  • US authorities have secured a court order to seize a luxury NYC apartment linked to 1MDB funds.
  • The case aimed to recover over US$6 mil in assets misappropriated from the Malaysian fund.
  • Former PM Najib Razak was sentenced to 12 years for his role in the scandal, now reduced to six years.
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KHK Land inks MoU with AFFIN Bank for flexi-financing at Anyara Hills in Semenyih

KHK Land inks MoU with AFFIN Bank for flexi-financing at Anyara Hills in Semenyih

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Updated:
  • KHK Land and AFFIN Bank signed an MoU for flexi financing at Anyara Hills in Semenyih.
  • This 584-acre development features extensive greenery and advanced security systems.
  • Future phases and infrastructure improvements are planned, enhancing access to Kuala Lumpur.
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JAKS’ Vietnam JV lifts 1Q profit as construction, property investment showed mixed operational trends

JAKS’ Vietnam JV lifts 1Q profit as construction, property investment showed mixed operational trends

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Updated:
  • JAKS Resources reported higher contributions from its Vietnam power JV, offsetting weaker property results.
  • The construction division showed a smaller loss, while the power-energy segment turned profitable.
  • JAKS aims to grow through its power division and renewable energy projects, while enhancing property yields.
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LBS Bina posts RM37.7 mil 1Q PBT, rides on Klang Valley projects and stronger construction earnings

LBS Bina posts RM37.7 mil 1Q PBT, rides on Klang Valley projects and stronger construction earnings

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Updated:
  • LBS Bina Group Bhd reported a steady first quarter for FY2026, with RM296.5 mil in revenue.
  • Property drove earnings, contributing 85% of revenue, while construction and trading showed improvement.
  • The group remains cautiously optimistic, with strong sales momentum and a substantial landbank.
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Sime Darby Property’s 1Q profit up 33.5%, to reassess RM4 bil sales target amid cost pressures

Sime Darby Property’s 1Q profit up 33.5%, to reassess RM4 bil sales target amid cost pressures

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Updated:
  • Sime Darby Property Bhd reported a 33.5% rise in net profit to RM163 mil for 1QFY2026, despite lower revenue.
  • The company achieved RM918.9 mil in sales, with industrial products being the largest contributor at 53%.
  • A long-term incentive plan for executives is proposed, pending shareholder approval on June 10, 2026.
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SkyWorld’s FY2026 sales hit RM1 bil, unbilled sales jump to RM1.1 bil on KL and Penang launches

SkyWorld’s FY2026 sales hit RM1 bil, unbilled sales jump to RM1.1 bil on KL and Penang launches

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Updated:
  • SkyWorld Development Bhd reported a strong FY2026 with RM1 bil in property sales and RM430.5 mil in revenue.
  • The company remains optimistic for FY2027, supported by a robust project pipeline.
  • The board proposed a total dividend of 0.60 sen per share, reflecting its commitment to shareholder returns.
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UOA Development posts RM41.9 mil 1Q profit, locks in 10 sen final dividend and RM612 mil unbilled sales

UOA Development posts RM41.9 mil 1Q profit, locks in 10 sen final dividend and RM612 mil unbilled sales

news

Updated:
  • UOA Development Bhd reported a 1Q net profit of RM41.9 mil and new property sales of RM130.7 mil.
  • Shareholders approved a 10 sen final dividend for FY2025 and renewed key mandates at the AGM.
  • The company remains optimistic about future growth with unbilled sales of RM612.4 mil.
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