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MKH hits billion-ringgit market value after Batu Kawan’s takeover offer at RM2 a share

MKH hits billion-ringgit market value after Batu Kawan’s takeover offer at RM2 a share

news

Updated:
  • MKH Bhd reached a nine-year high after Batu Kawan Bhd announced a RM2-per-share takeover offer.
  • The stock rose to RM1.92, valuing MKH at RM1.09 bil, with over 31 million shares traded.
  • Batu Kawan aims to privatize MKH if it secures a 90% stake, enhancing its property and plantation businesses.
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Setia Awan partners retail brands for upcoming Avenue F mall in Bukit Ampang Permai

Setia Awan partners retail brands for upcoming Avenue F mall in Bukit Ampang Permai

news

Updated:
  • Setia Awan has signed a memorandum of understanding for its Avenue F development in Bukit Ampang Permai.
  • The collaboration includes seven brands from grocery, healthcare, and culinary sectors.
  • Avenue F, the first neighborhood mall in the area, is set to complete by 3Q2027.
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Hilton Shah Alam Glenmarie positions itself as Klang Valley’s premier urban resort

Hilton Shah Alam Glenmarie positions itself as Klang Valley’s premier urban resort

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Updated:
  • The former Glenmarie Hotel has rebranded as Hilton Shah Alam Glenmarie, reopening on March 1, 2026.
  • It targets MICE and leisure travellers with expanded event spaces and 261 rooms, including for families.
  • Upcoming Hilton developments include resorts in Langkawi and Kota Kinabalu, enhancing their luxury portfolio.
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Village Grocer opens at SKS City Mall JBCC near Singapore CIQ checkpoint

Village Grocer opens at SKS City Mall JBCC near Singapore CIQ checkpoint

news

Updated:
  • Village Grocer has opened a new store in Johor Bahru City Centre at SKS City Mall JBCC.
  • The outlet targets local residents and cross-border visitors with premium grocery offerings.
  • It will operate as a plastic-free-at-checkout store to promote sustainability.
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New MACC chief: No further action on IJM chairman, RM2.5 bil allegation baseless; other probes ongoing

New MACC chief: No further action on IJM chairman, RM2.5 bil allegation baseless; other probes ongoing

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Updated:
  • The MACC said an investigation related to Sunway Bhd’s bid to take over IJM Corp Bhd is ongoing.
  • Despite previous clearance, the MACC found elements warranting further investigation under relevant laws.
  • Investigation into IJM chairman Krishnan Tan had been classified as “no further action”.
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Kerjaya Prospek reports 24% rise in 1Q net profit, raises dividend payout

Kerjaya Prospek reports 24% rise in 1Q net profit, raises dividend payout

news

Updated:
  • Kerjaya Prospek Group Bhd reported a 24% rise in 1Q net profit to RM57.34 mil despite lower revenue.
  • The company plans to monitor market conditions to address risks like currency volatility and oil prices.
  • An interim dividend of 3.5 sen per share was announced, up from three sen last year.
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Matrix Concepts strengthens MVV City industrial ecosystem with sale of land to Golog for cold chain infrastructure

Matrix Concepts strengthens MVV City industrial ecosystem with sale of land to Golog for cold chain infrastructure

news

Updated:
  • Matrix Concepts has sold industrial land in MVV City to Golog Holdings for cold chain infrastructure.
  • This move aims to enhance the region's logistics capabilities and attract industrial players.
  • Development supports Malaysia's evolving supply chains and growing demand for efficient industrial ecosystems.
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Rehda commends KPKT for continued Inisiatif Simen Rahmah support

Rehda commends KPKT for continued Inisiatif Simen Rahmah support

news

Updated:
  • Rehda appreciates the Ministry of Housing's support for the housing industry amid rising costs.
  • The Skim Simen Rahmah initiative has helped construct 11,909 affordable homes.
  • Rehda encourages responsible use of this initiative to enhance housing affordability for Malaysians.
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IGB Bhd's PBT surges 219% to RM621.5m in 1Q FY2026 on strategic UK hotel divestment

IGB Bhd's PBT surges 219% to RM621.5m in 1Q FY2026 on strategic UK hotel divestment

news

Updated:
  • IGB Bhd reported a profit before tax of RM621.47 mil for 1Q2026, up 219% from last year.
  • Net profit soared to RM501.98 mil, a 464% increase, driven by a one-off gain from UK hotel asset sales.
  • The board declared a special dividend of 2.5 sen per ordinary share for FY2026.
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EXSIM Hospitality bags RM45m Summit Hotel USJ revamp job

EXSIM Hospitality bags RM45m Summit Hotel USJ revamp job

news

Updated:
  • EXSIM Hospitality Bhd has secured a RM45 million contract to redevelop Summit Hotel USJ.
  • The project will transform the hotel into a 17-storey building and is set to complete by December 2026.
  • Shares of EXSIM rose 3.1% following the announcement, reflecting positive market sentiment.
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MKH hits billion-ringgit market value after Batu Kawan’s takeover offer at RM2 a share