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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

news

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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YNH Property expects RM305.9 mil net gain from Jalan Sultan Ismail land sale

YNH Property expects RM305.9 mil net gain from Jalan Sultan Ismail land sale

news

Updated:
  • YNH Property Bhd disclosed details on its RM455 mil land disposal.
  • The property's market value is RM500 mil, with a net book value of RM77.54 mil.
  • This sale is expected to generate a pro forma gain of RM305.93 mil for YNHP.
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LSH Capital signs RM197.9 mil land deal with RAC for RM1.91 bil Subang Jaya project

LSH Capital signs RM197.9 mil land deal with RAC for RM1.91 bil Subang Jaya project

news

Updated:
  • LSH Capital will acquire 17.4 acres of land in Selangor for RM197.9 mil.
  • They plan a mixed-use project with a RM1.91 bil GDV.
  • This expands their landbank and leverages transit-oriented development.
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Citaglobal extends deadline for Zeqna, Koridor Mentari stake acquisitions

Citaglobal extends deadline for Zeqna, Koridor Mentari stake acquisitions

news

Updated:
  • Citaglobal extended its acquisition deadline for 70% stakes in Zeqna and Koridor Mentari by one month.
  • The deadline has been extended from July 11 to Aug 10, 2026.
  • The proposed acquisitions were first announced on Aug 11, 2025 and involve Citaglobal Renewable Energy.
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Berjaya Property details RM1.30 bil funding breakdown for tyre manufacturing plant

Berjaya Property details RM1.30 bil funding breakdown for tyre manufacturing plant

news

Updated:
  • Berjaya Property Bhd detailed its RM1.3 bil tyre manufacturing JV funding.
  • Site and land costs of RM60 mil will be borne by Alam Baiduri Sdn Bhd.
  • Equipment procurement and installation is the largest cost at RM740.64 mil.
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Talam Transform shareholders reject all 14 resolutions to block board changes

Talam Transform shareholders reject all 14 resolutions to block board changes

news

Updated:
  • Talam Transform Bhd shareholders rejected all 14 resolutions at an EGM.
  • This blocked all proposed board changes.
  • Each resolution was rejected by about 67.5% of voted shares.
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Sime Darby Property, ESR add two logistics facilities with 2.2 million sq ft in Klang

Sime Darby Property, ESR add two logistics facilities with 2.2 million sq ft in Klang

news

Updated:
  • Sime Darby Property and ESR expanded E-Metro Logistics Park, adding over 2.2 million sq ft of warehouse space.
  • Metrohub 4 is complete, and Metrohub 3 construction has begun.
  • This expansion meets high demand for modern logistics in Selangor.
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Evolving with the tide: How real estate family offices can navigate the shift from developer to institutional investor

Evolving with the tide: How real estate family offices can navigate the shift from developer to institutional investor

news

Updated:
  • Malaysia's private wealth deployment landscape is undergoing a structural transformation.
  • A modern family office operates in a diversified, liquidity aware environment.
  • The evolution from property developer to sophisticated asset manager cannot be rushed.
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Selangor eyes September groundbreaking for Carey Island port, reviews potential operators

Selangor eyes September groundbreaking for Carey Island port, reviews potential operators

news

Updated:
  • Selangor is ready to break ground on the proposed third port terminal on Carey Island as early as September.
  • Regulatory approval is the final hurdle before construction can begin.
  • The state government will oversee the project and hold an equity stake.
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KL City Gateway partners Maple Hospitality to manage Sutera Suites

KL City Gateway partners Maple Hospitality to manage Sutera Suites

news

Updated:
  • KL City Gateway appointed Maple Hospitality Group for Sutera Suites management.
  • Sutera Suites is the first development within the KL City Gateway masterplan.
  • Sutera Suites offers fully furnished serviced suites in Kuala Lumpur.
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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