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NCT Alliance acquires 80% stake in 176.71-acre Kuala Langat land for RM53m, targets RM1.5b GDV industrial expansion

NCT Alliance acquires 80% stake in 176.71-acre Kuala Langat land for RM53m, targets RM1.5b GDV industrial expansion

news

Updated:
  • NCT Alliance Bhd is acquiring an 80% stake in Semanja Murni Sdn Bhd for RM53 million to expand its landbank.
  • The deal involves five leasehold parcels totaling 176.71 acres adjacent to NCT's existing industrial park.
  • NCT plans to integrate this land into its NCT Smart Industrial Park, with completion expected in nine months.
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Tropicana and Accor sign landmark agreement for Mecure Living Genting Highlands

Tropicana and Accor sign landmark agreement for Mecure Living Genting Highlands

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Updated:
  • Tropicana Corp Bhd is diversifying into hospitality to strengthen revenue streams.
  • They partnered with Accor for Mercure Living Genting Highlands.
  • Mercure Living Genting Highlands has an RM1.06 bil GDV and has achieved an 88% take-up rate to date.
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Bina Puri scheme of arrangement wins creditor backing, awaits court sanction

Bina Puri scheme of arrangement wins creditor backing, awaits court sanction

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Updated:
  • Bina Puri Holdings Bhd secured creditor approval for its debt restructuring plan.
  • The scheme involves sustainable debt, equity, and Islamic debt instruments.
  • High Court sanction is still required for the plan to become effective.
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EcoBuilt gets qualified audit opinion with going‑concern red flag on trade payables and liquidity

EcoBuilt gets qualified audit opinion with going‑concern red flag on trade payables and liquidity

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Updated:
  • Auditors issued a qualified opinion on EcoBuilt's financials due to unresolved trade payable issues.
  • The company faces going concern uncertainty from losses and negative working capital.
  • EcoBuilt plans to strengthen controls to address these audit concerns within 12 months.
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Offline 16 returns: VitaHealth and Tropicana champion mental wellness for the third year

Offline 16 returns: VitaHealth and Tropicana champion mental wellness for the third year

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Updated:
  • VitaHealth and Tropicana Corp host "Offline 16" for mental wellness.
  • The event, on July 12, 2026, promotes music, dance, and digital disconnection.
  • It aims to foster community and healthier, less device-dependent lifestyles.
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AFFIN and IKEA ink MOU to support homeowners via integrated financing and furnishing solutions

AFFIN and IKEA ink MOU to support homeowners via integrated financing and furnishing solutions

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Updated:
  • AFFIN and IKEA Malaysia partnered to offer integrated home financing and furnishing solutions.
  • They introduced AFFIN Home Renovation-i, covering up to 120% of renovation costs.
  • Complementing this is AFFIN Flexi Save/-i, which allows customers to potentially reduce financing costs.
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Chin Hin group overhauls boards as founder takes emeritus role

Chin Hin group overhauls boards as founder takes emeritus role

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Updated:
  • Datuk Seri Chiau Beng Teik will step down as chairman of several Chin Hin-linked companies by July 1, 2026.
  • His son, Datuk Wira Chiau Haw Choon, will become executive chairman across these entities.
  • This move is part of a planned succession to ensure leadership continuity and future growth.
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Nga: Over 93,000 first-time homebuyers benefit from Housing Credit Guarantee Scheme to date

Nga: Over 93,000 first-time homebuyers benefit from Housing Credit Guarantee Scheme to date

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Updated:
  • The Housing Credit Guarantee Scheme has aided 93,555 first-time homebuyers.
  • RM18 bil remains from the RM40 bil allocation for housing financing.
  • The government aims to help 100,000 homebuyers by year-end.
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Johor polls to have limited impact on property market — Juwai IQI

Johor polls to have limited impact on property market — Juwai IQI

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Updated:
  • A Johor election in 2026 will likely not impact the property market.
  • Home sales may slow temporarily before the election.
  • Post-election, sales should rebound, driven by new economic initiatives.
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TAFI’s RM23.5 mil Muar factory disposal progresses after conditions precedent met

TAFI’s RM23.5 mil Muar factory disposal progresses after conditions precedent met

news

Updated:
  • TAFI Industries Bhd's property sale in Muar, Johor, has progressed.
  • The RM23.5 mil deal will boost cash flow and focus.
  • This disposal is expected to yield a significant gain for TAFI.
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NCT Alliance acquires 80% stake in 176.71-acre Kuala Langat land for RM53m, targets RM1.5b GDV industrial expansion