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EPF abstained from voting on Sunway's takeover offer for IJM

EPF abstained from voting on Sunway's takeover offer for IJM

news

Updated:
  • The Employees Provident Fund (EPF) abstained from voting on Sunway Bhd's takeover offer for IJM Corp.
  • Sunway's offer of RM3.15 per share was deemed unfair by M&A Securities, suggesting a significant discount.
  • IJM shares rose 5.06% to RM2.49, while Sunway's shares increased by 1.53% to RM5.31.
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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

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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

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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UDA appoints veteran corporate leader Ahmad Fuaad Kenali as CEO

UDA appoints veteran corporate leader Ahmad Fuaad Kenali as CEO

news

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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Bites
EPF abstained from voting on Sunway's takeover offer for IJM