Curated stories and property intelligence, delivered your way.
Curated stories and property intelligence, delivered your way. Get free newspaper
KWAP also plans to reject Sunway’s offer for IJM shares, sources say

KWAP also plans to reject Sunway’s offer for IJM shares, sources say

news

Updated:
  • KWAP, the third largest shareholder of IJM Corporation, is rejecting Sunway's share offer.
  • The investment panel deemed the offer unfair and undervaluing IJM's potential.
  • Other major shareholders, including EPF and PNB, have also turned down the deal.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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!
Read More
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.
Read More
IJM secures RM658 mil data centre contract in Elmina Business Park

IJM secures RM658 mil data centre contract in Elmina Business Park

news

Updated:
  • IJM Corp Bhd has secured a RM658.01 million contract for a hyperscale data centre in Selangor.
  • Construction is set to begin in 2Q2026, with completion targeted for 3Q2027.
  • This is IJM's second contract in the Elmina Business Park, bringing the total project value to over RM1.9 bil.
Read More
Bites
KWAP also plans to reject Sunway’s offer for IJM shares, sources say