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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

news

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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Sunsuria raises stake in KL City Gateway to 61% majority with RM21.46m acquisition

Sunsuria raises stake in KL City Gateway to 61% majority with RM21.46m acquisition

news

Updated:
  • Sunsuria Bhd has acquired an additional 41% stake in KL City Gateway, raising its ownership to 61%.
  • The RM21.46 million deal consolidates KLCG as a subsidiary, enhancing Sunsuria's role in the project.
  • The KL City Gateway development will feature commercial and residential spaces.
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Gagasan Nadi Cergas secures RM134m en bloc sale of affordable condominium to Selangor Housing and Property Board

Gagasan Nadi Cergas secures RM134m en bloc sale of affordable condominium to Selangor Housing and Property Board

news

Updated:
  • Gagasan Nadi Cergas Bhd sold 523 affordable housing units to Selangor Housing for RM134.4 million.
  • This deal supports a rent-to-own scheme, aiding residents in future home purchases.
  • The company plans to deliver 14,000 affordable homes over seven years, with a GDV of RM3.8 billion.
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EXAL Malaysia partners municipal council to deliver aid to families in Kuching

EXAL Malaysia partners municipal council to deliver aid to families in Kuching

news

Updated:
  • EXAL Malaysia partnered with Majlis Perbandaran Padawan to aid 31 underprivileged families.
  • They distributed RM15,000 in essential food supplies during the outreach from March 17 to 19.
  • EXAL Malaysia is expanding its presence in Sarawak, where it is undertaking development projects.
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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

news

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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Menara Merdeka 118 to be recognised for advancing fire safety standards