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Tanco tanks as MD sells shares, brother snaps them up

Tanco tanks as MD sells shares, brother snaps them up

news

Updated:
  • Tanco Holdings' MD sold 24.63 million shares for RM38.29 mil.
  • This sale occurred as Tanco's share price sharply declined.
  • His brother bought shares at a lower price during this period.
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Penang to seek DOE report on Jelutong landfill rehabilitation, reclamation projects, says CM Chow

Penang to seek DOE report on Jelutong landfill rehabilitation, reclamation projects, says CM Chow

news

Updated:
  • Penang will get a DOE report before deciding on the Jelutong landfill project.
  • The Chief Minister stated the EIA process is ongoing, not finalised.
  • He also clarified that Penang's cash reserves rose from a 2025 surplus, not land tax hikes.
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Minister says need to keep tabs on 22 'sick' projects in Sabah

Minister says need to keep tabs on 22 'sick' projects in Sabah

news

Updated:
  • Twenty-two federal projects in Sabah are delayed, needing close monitoring.
  • Land issues and poor contractor performance cause these delays.
  • A task force may address land problems, and contractors could be replaced.
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Tanco suffers another limit-down, losing streak wipes out nearly RM6b from market cap

Tanco suffers another limit-down, losing streak wipes out nearly RM6b from market cap

news

Updated:
  • Tanco Holdings Bhd shares fell sharply for the fourth consecutive day.
  • The stock dropped 30%, triggering a short selling suspension.
  • An executive director bought shares amid the decline.
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Knight Frank: Real estate records RM78.2b investment in 2025 amid 86.7% surge in private equity

Knight Frank: Real estate records RM78.2b investment in 2025 amid 86.7% surge in private equity

news

Updated:
  • Malaysia saw record RM426.7 billion in approved investments in 2025.
  • Private capital, including UHNWIs, dominated global real estate investments.
  • This trend is driven by faster decisions and higher risk tolerance.
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IGB completes Johor Southkey land deal, announces buy-back, board changes, AGM outcomes

IGB completes Johor Southkey land deal, announces buy-back, board changes, AGM outcomes

news

Updated:
  • IGB Bhd completed a land acquisition in Johor Bahru for a joint venture.
  • The company also repurchased 30,000 of its own shares.
  • All resolutions were passed at the annual general meeting.
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Nga launches Botanik Point in Ampang — 46 landed homes on 1.78-acre freehold land

Nga launches Botanik Point in Ampang — 46 landed homes on 1.78-acre freehold land

news

Updated:
  • Botanik Point, a low-density residential project, launched in Ampang with a RM96 million GDV.
  • It features 46 units, preserving 30% of the site as a nature reserve.
  • The project emphasises sustainability and has Provisional GreenRE Platinum certification.
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Sime Darby Property readies for 53rd AGM as industrial and tech-linked recurring income grows

Sime Darby Property readies for 53rd AGM as industrial and tech-linked recurring income grows

news

Updated:
  • Sime Darby Property's 53rd AGM will address its strong FY2025 results and future growth.
  • The company secured major hyperscale data centre deals at Elmina Business Park.
  • These deals promise significant recurring income, boosting the IAM segment.
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Sime Darby Property launches Shariah-compliant New Economy Venture fund targeting up to RM1.25b

Sime Darby Property launches Shariah-compliant New Economy Venture fund targeting up to RM1.25b

news

Updated:
  • Sime Darby Property launched its New Economy Venture fund, targeting RM1.25 billion.
  • It secured full commitment from institutional investors, including EPF and LTAT.
  • This fund diversifies into data centres and logistics, aligning with their SHIFT32 strategy.
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Tanco tanks as MD sells shares, brother snaps them up