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IJM-Aspen bid not continued over potential financial implications — Penang CM

IJM-Aspen bid not continued over potential financial implications — Penang CM

news

Updated:
  • The Penang government rejected the IJM-Aspen consortium's bid for a 559-acre project due to financial risks.
  • Chief Minister Chow Kon Yeow noted the bid failed to meet key RFP conditions.
  • A new tender process will be initiated to ensure compliance and protect PDC's interests.
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Tanco suffers another limit-down, losing streak wipes out nearly RM6b from market cap

Tanco suffers another limit-down, losing streak wipes out nearly RM6b from market cap

news

Updated:
  • Tanco Holdings Bhd shares fell sharply for the fourth consecutive day.
  • The stock dropped 30%, triggering a short selling suspension.
  • An executive director bought shares amid the decline.
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Knight Frank: Real estate records RM78.2b investment in 2025 amid 86.7% surge in private equity

Knight Frank: Real estate records RM78.2b investment in 2025 amid 86.7% surge in private equity

news

Updated:
  • Malaysia saw record RM426.7 billion in approved investments in 2025.
  • Private capital, including UHNWIs, dominated global real estate investments.
  • This trend is driven by faster decisions and higher risk tolerance.
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IGB completes Johor Southkey land deal, announces buy-back, board changes, AGM outcomes

IGB completes Johor Southkey land deal, announces buy-back, board changes, AGM outcomes

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Updated:
  • IGB Bhd completed a land acquisition in Johor Bahru for a joint venture.
  • The company also repurchased 30,000 of its own shares.
  • All resolutions were passed at the annual general meeting.
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Nga launches Botanik Point in Ampang — 46 landed homes on 1.78-acre freehold land

Nga launches Botanik Point in Ampang — 46 landed homes on 1.78-acre freehold land

news

Updated:
  • Botanik Point, a low-density residential project, launched in Ampang with a RM96 million GDV.
  • It features 46 units, preserving 30% of the site as a nature reserve.
  • The project emphasises sustainability and has Provisional GreenRE Platinum certification.
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Sime Darby Property readies for 53rd AGM as industrial and tech-linked recurring income grows

Sime Darby Property readies for 53rd AGM as industrial and tech-linked recurring income grows

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Updated:
  • Sime Darby Property's 53rd AGM will address its strong FY2025 results and future growth.
  • The company secured major hyperscale data centre deals at Elmina Business Park.
  • These deals promise significant recurring income, boosting the IAM segment.
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Sime Darby Property launches Shariah-compliant New Economy Venture fund targeting up to RM1.25b

Sime Darby Property launches Shariah-compliant New Economy Venture fund targeting up to RM1.25b

news

Updated:
  • Sime Darby Property launched its New Economy Venture fund, targeting RM1.25 billion.
  • It secured full commitment from institutional investors, including EPF and LTAT.
  • This fund diversifies into data centres and logistics, aligning with their SHIFT32 strategy.
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AmBank to buy Menara AmBank for RM331m from AmFIRST REIT in related-party deal

AmBank to buy Menara AmBank for RM331m from AmFIRST REIT in related-party deal

news

Updated:
  • AmBank will acquire Menara AmBank from AmFIRST REIT for RM331 million cash.
  • This is a related-party transaction, with AmBank being the anchor tenant.
  • The deal is expected to finalise in 4Q2026, pending approvals.
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Tanco hits limit down, erasing RM3.9 bil over four-day losing streak

Tanco hits limit down, erasing RM3.9 bil over four-day losing streak

news

Updated:
  • Tanco Holdings Bhd shares fell nearly 30% to RM1.12, marking four consecutive days of losses.
  • The stock's decline prompted a UMA query from Bursa Malaysia, with trading volume at 30.5 million shares.
  • Tanco has faced regulatory scrutiny since April due to unusual trading activity linked to its projects.
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