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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

news

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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Menara Merdeka 118 to be recognised for advancing fire safety standards

Menara Merdeka 118 to be recognised for advancing fire safety standards

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Updated:
  • Menara Merdeka 118 will be the first Malaysian building to implement the Automatic Fire Monitoring System.
  • It will receive recognition and a Fire Certificate for meeting fire safety standards.
  • A ceremony for this achievement is scheduled for April 14, 2026, at the Park Hyatt Hotel Kuala Lumpur.
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Govt to explore privatisation model for West Coast Expressway southern link

Govt to explore privatisation model for West Coast Expressway southern link

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Updated:
  • The government is considering a privatisation model for the southern West Coast Expressway.
  • This 303.5km link aims to improve traffic flow and reduce congestion.
  • Plans for a new road from Simpang Pelangai to Putrajaya were discussed to enhance infrastructure.
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Mah Sing gets nod to increase Southbay City plot ratio, sees higher GDV

Mah Sing gets nod to increase Southbay City plot ratio, sees higher GDV

news

Updated:
  • Mah Sing Group is revising its Southbay City masterplan, increasing GDV to RM1.365 billion.
  • The new plan will focus more on serviced apartments due to stronger market demand.
  • The group aims to optimise the remaining 17 acres for future growth and has ambitious sales targets for 2026.
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Crescendo sells 49.72-acre Kota Tinggi land to Digital Edge for RM346.53 mil

Crescendo sells 49.72-acre Kota Tinggi land to Digital Edge for RM346.53 mil

news

Updated:
  • Crescendo Corp's subsidiary has signed an SPA to sell 49.72 acres of land in Johor for RM346.53 million.
  • The land, approximately 2,165,805 sq ft, is sold to Digital Edge Data Centers, a non-related party.
  • This transaction was announced to Bursa Malaysia on April 9.
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Axteria buys 80% stake in construction firm Niaga Sari for RM35m cash

Axteria buys 80% stake in construction firm Niaga Sari for RM35m cash

news

Updated:
  • Axteria Group Bhd plans to acquire an 80% stake in Niaga Sari Sdn Bhd for RM35 million in cash.
  • The acquisition aims to enhance Axteria's construction capabilities and support property development.
  • NSSB will become a subsidiary, with the deal expected to positively impact Axteria's financial performance.
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Ideal Capital plans two-for-one bonus issue

Ideal Capital plans two-for-one bonus issue

news

Updated:
  • Ideal Capital Bhd plans a bonus issue of one billion shares, offering two new shares for each held.
  • The bonus aims to enhance shareholder participation and improve trading liquidity.
  • The company's net profit surged 74.8% to RM158.43 million for the year ending December 2025.
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CGS MY completes RM94.5 mil private placement for YTL Hospitality REIT

CGS MY completes RM94.5 mil private placement for YTL Hospitality REIT

news

Updated:
  • CGS International Securities has completed a RM94.5 million private placement for YTL Hospitality REIT.
  • Strong interest from institutional investors, including local and foreign funds, was noted.
  • This reflects confidence in YTL's portfolio and Malaysia's hospitality sector as travel normalises.
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S P Setia previews Erica, RM93.6m starter-home precinct in Sepang

S P Setia previews Erica, RM93.6m starter-home precinct in Sepang

news

Updated:
  • S P Setia Bhd has launched Erica, a new series of affordable terrace homes in Sepang.
  • The project features 162 units with prices starting from RM559,000 and a GDV of RM93.59 million.
  • Buyers can benefit from a sales campaign offering rewards and incentives for early bookings!
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Generasi Baru campaign starts Saturday at Setia Alamsari @ Kajang — register for gifts, chance to win RM10k

Generasi Baru campaign starts Saturday at Setia Alamsari @ Kajang — register for gifts, chance to win RM10k

news

Updated:
  • S P Setia Bhd launches its Generasi Baru campaign to aid new homeseekers in smart buying decisions.
  • The first event is on April 11 at Setia Alamsari, featuring market insights and celebrity chats.
  • Attendees can win cash prizes, redeem treats, and enjoy activities while learning about modern home living.
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IJM says moving forward with view to unlocking value as Sunway takeover bid falls through