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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

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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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Binasat's BDSB gets fourth extension on RM33.83 mil cash payment for SBP and Empire City acquisitions, RM22.29 mil still outstanding

Binasat's BDSB gets fourth extension on RM33.83 mil cash payment for SBP and Empire City acquisitions, RM22.29 mil still outstanding

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Updated:
  • Binasat Communications Bhd has received a three-month extension for cash payments due by August 16.
  • They have paid RM11.54 mil of the RM33.83 mil obligation, leaving RM22.29 mil outstanding.
  • This extension marks the fourth deadline change since the proposals were announced in December 2024.
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Citaglobal Tower JV deadline extended again as parties continue working through conditions precedent

Citaglobal Tower JV deadline extended again as parties continue working through conditions precedent

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Updated:
  • Citaglobal Bhd and Varia Bhd's joint venture for Citaglobal Tower has extended its deadline again to June 4.
  • The previous deadline was May 23, which has now been extended by a further 12 days.
  • The project aims to develop a mixed-use tower on a 1.58-acre site in Kuala Lumpur.
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LSH Capital receives RM197.9m land offer from RAC for 17.4-acre Country Heights site in Petaling district

LSH Capital receives RM197.9m land offer from RAC for 17.4-acre Country Heights site in Petaling district

news

Updated:
  • Lim Seong Hai Capital Bhd has received an offer from RAC to purchase 17.4 acres of land for RM197.9 mil.
  • LSH Capital must sign a formal agreement within 30 days and secure necessary approvals within six months.
  • Further details on the development will be disclosed after the agreement is executed.
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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

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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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Stop-work order slapped on hillside project near Empire Residence

Stop-work order slapped on hillside project near Empire Residence

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Updated:
  • The PJ city council issued a two-week stop-work order for a hillside project due to safety concerns.
  • Empire Residence residents reported issues with mud and water flow during heavy rain.
  • Damansara lawmaker Gobind Singh Deo made a site visit yesterday.
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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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IJM: MACC probe into Sunway takeover offer concluded as 'no further action'

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

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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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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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