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Beshom's Hai-O unit to sell 14.58-acre Klang industrial land for RM85.80 mil, booking RM52.78 mil gain

Beshom's Hai-O unit to sell 14.58-acre Klang industrial land for RM85.80 mil, booking RM52.78 mil gain

news

Updated:
  • Beshom Holdings Bhd is selling three industrial land parcels in Klang for RM85.80 mil cash.
  • The sale to JT Development Sdn Bhd is expected to yield a pro forma gain of RM52.78 mil.
  • Proceeds will fund a new warehouse, working capital, and infrastructure improvements.
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MD continues with share trading as Tanco claims ‘business as usual’

MD continues with share trading as Tanco claims ‘business as usual’

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Updated:
  • Tanco Holdings' MD, Datuk Seri Andrew Tan, continued his trading as usual despite price collapse.
  • He bought 82.5 mil and sold 96.4 mil shares in four days.
  • His direct stake increased to 20.03% after these transactions.
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Rise in cost of building materials still under control — Nanta

Rise in cost of building materials still under control — Nanta

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Updated:
  • Construction material cost increases are currently manageable.
  • Contractors can absorb costs, avoiding project delays.
  • The government monitors the situation and has strategies for future price hikes.
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Hydroshoppe's KL Tower bribery trial to start on Jan 4 next year

Hydroshoppe's KL Tower bribery trial to start on Jan 4 next year

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Updated:
  • The High Court set 20 trial days for Hydroshoppe and its directors starting Jan 4, 2027.
  • In connection with the takeover of the Kuala Lumpur Tower concession.
  • Judge Noor Ruwena also set Aug 18 for mention and submission of documents.
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Johor's elevated autonomous rapid transit to be developed via public-private partnership — Loke

Johor's elevated autonomous rapid transit to be developed via public-private partnership — Loke

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Updated:
  • The Johor Bahru E-ART project will use a public-private partnership model.
  • Ukas will supervise the project, not the Ministry of Transport.
  • Ukas is currently evaluating technical and financial proposals.
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UEM Sunrise locks in capital partner for A$315 mil Melbourne build-to-rent project

UEM Sunrise locks in capital partner for A$315 mil Melbourne build-to-rent project

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Updated:
  • UEM Sunrise Bhd partnered with Kio Investment Management for a A$315.4 mil build-to-rent project in Melbourne.
  • UEM Sunrise will develop over 400 homes, while Kio will own and operate the completed asset.
  • This project expands UEM Sunrise's Australian portfolio and Kio's institutional rental housing strategy.
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Malaysia keen to strengthen cooperation in housing development with Singapore, says Nga

Malaysia keen to strengthen cooperation in housing development with Singapore, says Nga

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Updated:
  • Malaysia stands to gain insights into its own public housing projects from Singapore’s successful models.
  • Minister Nga Kor Ming met Singapore's Chee Hong Tat.
  • They discussed urban development and future collaborations.
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Viral ECRL fare rates only speculation, actual rates not announced yet, says MRL

Viral ECRL fare rates only speculation, actual rates not announced yet, says MRL

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Updated:
  • ECRL fare rates circulating online are speculative.
  • Official ticket prices are still under discussion with stakeholders.
  • The public is advised not to make assumptions based on information that has not been verified.
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Gabungan AQRS revises Bangi JV terms to ease project cash flow

Gabungan AQRS revises Bangi JV terms to ease project cash flow

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Updated:
  • Gabungan AQRS Bhd revised a joint venture with Rising Charm Sdn Bhd.
  • The key change alters how the landowner receives its unit entitlement.
  • This revision aims to significantly improve the project's cash flow.
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HexTech and Widad walk away from Nilai industrial land deal, ending nearly two years of negotiation

HexTech and Widad walk away from Nilai industrial land deal, ending nearly two years of negotiation

news

Updated:
  • HexTech and Widad Group terminated a land disposal agreement.
  • This marks the final end of a long-standing transaction.
  • The announcement discloses no financial consequences.
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