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Citaglobal Tower JV turns unconditional; shareholders back RM42.1 mil placement

Citaglobal Tower JV turns unconditional; shareholders back RM42.1 mil placement

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Updated:
  • Citaglobal Bhd's joint venture with Varia Bhd for the RM657 mil Citaglobal Tower is now unconditional.
  • The development includes a Grade A office tower, serviced apartments, and commercial spaces.
  • Shareholders approved a private placement to fund various initiatives, including renewable energy projects.
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IOI Properties officially rejoins KLCI, Sime Darby out in semi-annual review

IOI Properties officially rejoins KLCI, Sime Darby out in semi-annual review

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Updated:
  • IOI Properties Group will rejoin the FBM KLCI after being removed over a decade ago.
  • Sime Darby is being removed from the index, effective June 22, 2026, following a review.
  • The next review is set for December, with IOI Properties' shares rising 61.7% this year.
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Eco World Foundation contributes RM50,000 in medical and food aid to Klang welfare group

Eco World Foundation contributes RM50,000 in medical and food aid to Klang welfare group

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Updated:
  • The Eco World Foundation donated RM50,000 in medical equipment and food aid to CFBSK, aiding 150 families.
  • This includes hospital beds for patients and food rations worth RM100 per family monthly for three months.
  • Chairman Tan Sri Lee Lam Thye emphasised the need for stronger corporate support to underserved communities.
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Y&G's Sepang land acquisition deemed complete; group posts RM3.3 mil 1Q turnaround profit

Y&G's Sepang land acquisition deemed complete; group posts RM3.3 mil 1Q turnaround profit

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Updated:
  • Y&G Corp Bhd has completed the acquisition of three land parcels in Sepang for RM206 mil.
  • The total cost of all three acquisitions is approximately RM477 mil, approved by shareholders in January 2026.
  • In its 1QFY26, Y&G reported a profit of RM3.31 mil, driven by increased revenue from development projects.
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Independent adviser deems Maxim Global take-over offer not fair and not reasonable; holders urged to reject

Independent adviser deems Maxim Global take-over offer not fair and not reasonable; holders urged to reject

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Updated:
  • The non-interested directors concurred with MainStreet's assessment.
  • Shareholders are advised to reject the offer, as they can continue trading their shares post-offer.
  • The joint offerors intend to maintain Maxim Global's listing status.
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Additional 28.3 ha area part of TPSJ project, no-tender claims unfounded, says CM Chow

Additional 28.3 ha area part of TPSJ project, no-tender claims unfounded, says CM Chow

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Updated:
  • The 28.3-hectare area is part of the Jelutong Waste Disposal Site Safe Closure Project, not a new reclamation.
  • CM Chow Kon Yeow clarified that the project followed an open RFP process and a joint development agreement.
  • He emphasised that no reclamation has started and all works require regulatory approvals.
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EWI Capital to seek shareholder approval for A$32 mil Macquarie Park land disposal; independent adviser recommends in favour

EWI Capital to seek shareholder approval for A$32 mil Macquarie Park land disposal; independent adviser recommends in favour

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Updated:
  • EWI Capital Bhd seeks shareholder approval to sell its Macquarie Park land for A$32 mil.
  • The sale aims to exit a loss-making subsidiary and improve financial stability.
  • An extraordinary general meeting is set for June 22, 2026, to discuss the proposal.
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Sentoria risks June 16 delisting after failure to submit regularisation plan

Sentoria risks June 16 delisting after failure to submit regularisation plan

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Updated:
  • Sentoria Group Bhd faces delisting on June 16 after missing its regularisation plan deadline.
  • An appeal must be submitted by June 11 to defer the delisting, or it will proceed.
  • The company has been financially distressed, posting significant losses since 2018 and has no plan to appeal.
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Sapura Industrial proposes RM10.48 mil disposal of Melaka industrial land to unlock capital gains

Sapura Industrial proposes RM10.48 mil disposal of Melaka industrial land to unlock capital gains

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Updated:
  • Sapura Industrial Bhd plans to sell a 2.163-hectare industrial land in Melaka for RM10,477,260.
  • The sale aims to capitalize on asset appreciation and support future expansion plans.
  • The transaction is subject to a sale agreement and state authority approval.
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