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Probe into Sunway's takeover offer for IJM completed, papers now with attorney general, says Azam Baki

Probe into Sunway's takeover offer for IJM completed, papers now with attorney general, says Azam Baki

news

Updated:
  • Malaysia's anti-graft agency has submitted investigation papers on IJM Corporation's takeover to the AG.
  • The MACC clarified that investigations focus on individuals, not the group itself.
  • Two main cases involve a RM2.5 billion money laundering scheme and alleged bribery linked to a project.
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Abdul Wahid Omar joins Sunway board as non-executive director

Abdul Wahid Omar joins Sunway board as non-executive director

news

Updated:
  • Tan Sri Abdul Wahid Omar has joined Sunway Bhd's board as a non-executive director.
  • His appointment follows Sunway's unsuccessful takeover bid for IJM Corp.
  • Sunway's shares rose by 1.53% to RM5.30, valuing the company at RM36.07 billion.
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DutaLand and Olympia Industries move to unwind 23-year Sri Hartamas consortium, unlocking RM1.92 bil landbank

DutaLand and Olympia Industries move to unwind 23-year Sri Hartamas consortium, unlocking RM1.92 bil landbank

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Updated:
  • DutaLand Bhd and Olympia Industries Bhd are terminating a 23-year consortium over land in Kuala Lumpur.
  • Agreed value for the termination is RM1,917.0 mil, with both companies citing differing business directions.
  • Post-termination, they will retain rights of way and must comply with a master development plan.
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Tuju Setia bags RM359 mil Sime Darby Property contract for Ara Damansara residences

Tuju Setia bags RM359 mil Sime Darby Property contract for Ara Damansara residences

news

Updated:
  • Tuju Setia Bhd has secured a RM359.28 million contract from Sime Darby Property Bhd.
  • The project involves constructing three 17-storey apartment blocks on a nine-storey podium in Ara Damansara.
  • The contract is set to last 40 months, starting April 21, 2026, and is not a related party transaction.
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Generasi Baru heads to Setia Bayuemas @ Klang this Saturday — register for treats, gifts

Generasi Baru heads to Setia Bayuemas @ Klang this Saturday — register for treats, gifts

news

Updated:
  • S P Setia Bhd is hosting the second session of its Generasi Baru campaign on April 18 in Klang.
  • Event will feature market insights, wellness activities, and opportunities to engage with industry experts.
  • Attendees can enjoy treats, win prizes, and learn about property decisions in a modern context!
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IJM Land unveils RM6.8 mil recreational precinct in S2 Heights Aman

IJM Land unveils RM6.8 mil recreational precinct in S2 Heights Aman

news

Updated:
  • IJM Land Bhd has invested RM6.8 million in a new recreational area at S2 Heights Aman in Seremban 2.
  • The development includes S2 Lake Park, Kidz Venture Park, and a unique light installation along a 50m walkway.
  • This initiative aims to enhance community living and the quality of life in the township.
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CIDB, DOSM assess impact of rising building costs amid West Asia conflict

CIDB, DOSM assess impact of rising building costs amid West Asia conflict

news

Updated:
  • The CIDB is working with DOSM to evaluate the impact of rising building material costs on construction.
  • Ahmad noted that diesel price hikes significantly affect road projects more than building projects.
  • He emphasised the need for detailed assessments and warned against repeated project extensions.
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IOI Properties scales new high on REIT plan, analysts say watch Singapore next

IOI Properties scales new high on REIT plan, analysts say watch Singapore next

news

Updated:
  • IOI Properties Group Bhd's shares rose to RM3.96, gaining 14% since announcing a REIT proposal.
  • The company plans to list its Malaysian assets and may monetise its Singapore portfolio by 2029.
  • Analysts have a consensus target price of RM4.04, with strong demand in Singapore's office market.
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IJM Land, Amona Group hit 25% leasing commitment at Enlace Shoppes, Pantai Sentral Park

IJM Land, Amona Group hit 25% leasing commitment at Enlace Shoppes, Pantai Sentral Park

news

Updated:
  • IJM Land Bhd and Amona Group have signed more tenants at Enlace Shoppes, reaching 25% leasing.
  • They aim for 40% by 2026 and 80% occupancy by 2029, focusing on a forest dining experience.
  • Latest tenants include various F&B and lifestyle brands, reflecting strong demand for curated retail spaces.
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Menara Merdeka 118 receives Fire Certificate from JBPM, implements automated real-time fire monitoring system

Menara Merdeka 118 receives Fire Certificate from JBPM, implements automated real-time fire monitoring system

news

Updated:
  • Menara Merdeka 118 has received its Fire Certificate from Malaysia's Fire and Rescue Department.
  • The certification confirms compliance and includes a new Automated Fire Monitoring System.
  • This achievement enhances safety and confidence for tenants and visitors in the landmark development.
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Probe into Sunway's takeover offer for IJM completed, papers now with attorney general, says Azam Baki