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IJM: MACC probe into Sunway takeover offer concluded as 'no further action'

IJM: MACC probe into Sunway takeover offer concluded as 'no further action'

news

Updated:
  • IJM Corp's chairman was cleared by the MACC after a probe into Sunway's takeover offer.
  • The investigation found no corruption or governance violations, leading to no further action.
  • Sunway's bid to acquire IJM failed to secure the necessary stake by the deadline.
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MACC finds no graft in KL retention pond probe, tells DBKL to step up monitoring

MACC finds no graft in KL retention pond probe, tells DBKL to step up monitoring

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Updated:
  • The MACC urged DBKL to enhance oversight of development projects near flood retention ponds.
  • Investigations revealed no corruption in project approvals, but DBKL must ensure compliance.
  • Past complaints led to a thorough investigation, concluding with no further action due to lack of evidence.
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After MACC clearance, IJM’s Krishnan Tan says was always innocent, can now move on

After MACC clearance, IJM’s Krishnan Tan says was always innocent, can now move on

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Updated:
  • Tan Sri Krishnan Tan, IJM's chairman, has been cleared of graft allegations in a takeover probe.
  • He expressed relief and gratitude for the support during the investigation's impact on his reputation.
  • "I now want to put this difficult period behind me and move on," Tan said.
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Sime Darby Property ups Klang industrial play with ESG-led Bandar Bukit Raja Business Park

Sime Darby Property ups Klang industrial play with ESG-led Bandar Bukit Raja Business Park

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Updated:
  • Sime Darby Property is expanding Bandar Bukit Raja Business Park in Klang, focusing on ESG principles.
  • The development includes residential, commercial, and industrial components.
  • Klang is evolving into a key industrial hub, supported by major infrastructure projects.
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Melati Ehsan tops out Bayu 2Sixty residences in Kemuning Prima, Shah Alam

Melati Ehsan tops out Bayu 2Sixty residences in Kemuning Prima, Shah Alam

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Updated:
  • Melati Ehsan Holdings Bhd has topped out Bayu 2Sixty residences in Shah Alam, with a 60% take-up rate.
  • The project features 260 units in a 17-storey tower and is set for handover in Q1 2028.
  • Ongoing projects include Khaya Residences in Bangsar and Bayu Selayang Heights in Batu Caves.
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Malaysia's property market stays stable in 1Q2026 with transactions near 90,000 units worth RM51.9b, says JPPH

Malaysia's property market stays stable in 1Q2026 with transactions near 90,000 units worth RM51.9b, says JPPH

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Updated:
  • Malaysia's property market showed stability in 1Q2026 with 89,966 transactions worth RM51.9 billion.
  • The residential sector dominated, making up 58.8% of transactions, while unsold units increased by 7.6%.
  • Positive government measures and infrastructure developments are expected to support future growth!
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WTEC Group acquires Semenyih industrial building for RM10.8m to consolidate manufacturing ops

WTEC Group acquires Semenyih industrial building for RM10.8m to consolidate manufacturing ops

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Updated:
  • WTEC Group Bhd is acquiring an industrial building in Semenyih for RM10.80 million to consolidate operations.
  • The purchase will be funded by IPO proceeds and internal funds, with completion expected by 3Q2026.
  • The property, currently leased, will be vacated by the tenant before WTEC takes over for its use.
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Al-'Aqar REIT's RM12 mil disposal of KPJ Healthcare College Penang building turns unconditional

Al-'Aqar REIT's RM12 mil disposal of KPJ Healthcare College Penang building turns unconditional

news

Updated:
  • Al-'Aqar REIT confirmed the sale of its KPJ Healthcare College building in Penang is now unconditional.
  • The final condition of the sale and purchase agreement was met on May 14, 2026, for RM12 mil.
  • This transaction is classified as non-related under Chapter 10 of the Listing Requirements.
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Country Heights subsidiary clears winding-up petition after settling IRB claim

Country Heights subsidiary clears winding-up petition after settling IRB claim

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Updated:
  • Country Heights Holdings Bhd has resolved a winding-up petition against its subsidiary, CHCD.
  • The High Court dismissed the petition, allowing for a fresh filing and refunding the deposit.
  • CHHB expects no significant impact on its financials or operations for the 2026 fiscal year.
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Maxland scraps land deals for data centre, district cooling system ventures in Kedah

Maxland scraps land deals for data centre, district cooling system ventures in Kedah

news

Updated:
  • Maxland Bhd has canceled land leases in Kedah for a data centre and cooling system due to strategy changes.
  • The company will receive partial refunds of about RM652,745 and RM743,717 from these cancellations.
  • Maxland aims to improve its financial position after reporting a net loss of RM2.72 mil for 1Q2026.
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IJM: MACC probe into Sunway takeover offer concluded as 'no further action'