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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

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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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Data centre projects still viable in Malaysia despite surging energy prices, analysts say

Data centre projects still viable in Malaysia despite surging energy prices, analysts say

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Updated:
  • New data centre projects in Malaysia may still thrive despite rising energy costs.
  • Analysts predict manageable electricity expenses and affordable development compared to other markets.
  • The construction sector could see a boom, with projects worth RM21 billion annually driven by global tech demand.
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TA Global opens MRT link bridge to RM10b Damansara Avenue

TA Global opens MRT link bridge to RM10b Damansara Avenue

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Updated:
  • TA Global Bhd has completed an RM18 million pedestrian bridge linking the Sri Damansara Sentral MRT station.
  • The bridge enhances connectivity and encourages public transport use, improving access to nearby areas.
  • Future developments in Damansara Avenue will include a mall, office spaces, and residential towers, aiming for a fully integrated environment.
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Penang agencies set for Silicon Island, LRT depot land handover in May

Penang agencies set for Silicon Island, LRT depot land handover in May

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Updated:
  • The Penang government is relocating agencies to Silicon Island as development progresses.
  • Chief Minister Chow Kon Yeow announced that the LRT depot will be handed over next month, marking a key milestone.
  • Plans include a modest administrative centre and phased release of industrial plots.
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IRB: Self-assessment stamp duty system simplifies processes, boosts compliance

IRB: Self-assessment stamp duty system simplifies processes, boosts compliance

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Updated:
  • The Inland Revenue Board launched Phase 1 of the self-assessment stamp duty system on January 1.
  • Individuals and authorised agents can submit applications via the MyTax portal.
  • Taxpayers can settle stamp duty arrears with potential penalty exemptions until June 30.
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Two directors at K Seng Seng Corp resign over personal commitments

Two directors at K Seng Seng Corp resign over personal commitments

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Updated:
  • K Seng Seng Corp Bhd announced the resignation of two board members due to personal commitments.
  • Dr Lim Pang Kiam and Lee Hai Peng's resignations are effective immediately.
  • The company specialises in producing secondary stainless steel products and trading industrial hardware.
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IJM says moving forward with view to unlocking value as Sunway takeover bid falls through

IJM says moving forward with view to unlocking value as Sunway takeover bid falls through

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Updated:
  • IJM Corp Bhd will proceed with its strategy after shareholders rejected Sunway Bhd's takeover offer.
  • Lee emphasised the company's strong fundamentals and commitment to unlocking portfolio value.
  • Sunway's offer failed to gain majority support, securing only 33.43% acceptance from IJM shareholders.
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Sunway fails in bid to take over IJM

Sunway fails in bid to take over IJM

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Updated:
  • Sunway said: We respect the decision of IJM shareholders and the outcome of the process.
  • It only achieved 33.43% acceptance by the offer's closing date.
  • Sunway had signalled from the outset that it would not revise its terms.
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Y&G triggers another extension for 548-acre Sepang-Kuala Selangor land buy

Y&G triggers another extension for 548-acre Sepang-Kuala Selangor land buy

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Updated:
  • Y&G Corp Bhd has extended the completion period for its Sepang land acquisition to July 6, 2026.
  • The extension was mutually agreed upon by NWSB and NSSB, with all other terms unchanged.
  • This acquisition is part of a larger plan to secure 548.4 acres for RM477 million from related parties.
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Penang to conduct legalisation for People's Housing Projects, State Rental Homes

Penang to conduct legalisation for People's Housing Projects, State Rental Homes

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Updated:
  • The Penang government will legalise People’s Housing Projects with rental arrears over RM2 million.
  • Over 30% of tenants may need to vacate due to income limits of RM1,500 or less.
  • Initial notices have been issued to tenants at Taman Manggis PPR, with a three-month deadline to vacate.
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