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Vincent Tan cuts Berjaya Corp stake for at least RM115m, exits substantial shareholder list in six firms

Vincent Tan cuts Berjaya Corp stake for at least RM115m, exits substantial shareholder list in six firms

news

Updated:
  • Tan Sri Vincent Tan has reduced his stake in Berjaya Corporation and lost substantial shareholder status.
  • He sold 461.65 million shares for about RM115 mil, lowering his total shareholding to 15.08%.
  • Berjaya remains a substantial shareholder in the 6 companies, while Tan has significant stakes in others.
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Chin Hin Property buys Kota Damansara industrial site for RM92.5 mil, plans RM612 mil logistics hub

Chin Hin Property buys Kota Damansara industrial site for RM92.5 mil, plans RM612 mil logistics hub

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Updated:
  • Chin Hin Group Property Bhd is acquiring a factory and warehouse in Selangor for RM92.5 mil.
  • The site will be redeveloped into a stratified industrial hub with an estimated GDV of RM612 mil.
  • The acquisition is expected to complete in 4Q2026, enhancing CHGP's industrial landbank.
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OCR Group extends deadline for Chester Properties stake acquisition by two months

OCR Group extends deadline for Chester Properties stake acquisition by two months

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Updated:
  • OCR Group Bhd has extended the HOA deadline for acquiring 49% of Chester Properties by two months.
  • The new expiry date is Aug 4, 2026, to allow for further negotiations.
  • All other terms of the HOA remain unchanged, with updates to follow on any significant developments.
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YLI to dispose of Penang industrial land for RM28.5 mil, book RM6.8 mil gain

YLI to dispose of Penang industrial land for RM28.5 mil, book RM6.8 mil gain

news

Updated:
  • YLI Holdings Bhd is selling two land parcels in Prai for RM28.5 mil to reduce losses.
  • The sale is expected to improve net assets per share and generate a net gain of RM6.83 mil.
  • Completion is anticipated by 4Q2026, pending necessary approvals.
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PDC, Aspen formally close Batu Kawan Industrial Park 2 request-for-proposal matter

PDC, Aspen formally close Batu Kawan Industrial Park 2 request-for-proposal matter

news

Updated:
  • PDC and Aspen have officially closed all matters related to the BKIP2 RFP exercise.
  • They resolved outstanding issues in a meeting and will not make further public statements.
  • Both parties acknowledged PDC's authority in the evaluation process.
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SkyWorld unveils 15-year plan to become Top 30 Southeast Asian developer by 2040

SkyWorld unveils 15-year plan to become Top 30 Southeast Asian developer by 2040

news

Updated:
  • SkyWorld Development Bhd launched "SkyWorld 2040," a 15-year plan to become a top 30 property developer.
  • The first phase aims for RM1 bil profit and RM12 bil in development launches by FY2031.
  • Strategies include accelerating launches, expanding into SEA, and innovating affordable housing solutions.
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T7 Global acquires KL Trillion office unit in RM1.6 mil related-party deal

T7 Global acquires KL Trillion office unit in RM1.6 mil related-party deal

news

Updated:
  • T7 Global Bhd's subsidiary is acquiring an office unit at KL Trillion for RM1.6 mil.
  • The deal is a related-party transaction involving Tan Kay Shen, linked to major shareholders.
  • The acquisition aims to expand office space and is expected to complete by 3Q2026.
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Batu Kawan’s Whitmore completes first MKH tranche under RM2 offer structure

Batu Kawan’s Whitmore completes first MKH tranche under RM2 offer structure

news

Updated:
  • Batu Kawan Bhd's subsidiary Whitmore Holdings has acquired 170.44 mil MKH shares at RM2 each.
  • The first tranche of 148.74 mil shares was completed on May 28 for RM297.49 mil.
  • Whitmore plans a mandatory take-over offer for remaining MKH shares, pending shareholder approval.
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Penang mulls fire safety improvements for old, heritage buildings

Penang mulls fire safety improvements for old, heritage buildings

news

Updated:
  • Penang will review fire safety measures for old buildings after a fatal fire at the Odeon building.
  • The state government emphasizes compliance, monitoring, and awareness among building owners.
  • Local authorities will enhance procedures and guidelines to improve safety for heritage properties.
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