- GuocoLand Malaysia divested 20% of GLM REIT Management to HL Management Co.
- GuocoLand now holds 80% equity, and HLMC holds 20%.
- The Securities Commission Malaysia approved this change.
GuocoLand divests 20% stake in Tower REIT manager
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PKNS unit SIC secures new partner to develop RM2.5 bil data centre in Cyberjaya
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Updated:- Selangor Industrial Corp (SIC) partners with DC Union for a RM2.5 bil Cyberjaya data centre.
- This 65MW project replaces a prior withdrawn venture with Silver Ridge Holdings.
- The new JV, SQDC, will also train 500 Nvidia-certified engineers annually.
Pan Borneo Highway progress under close watch as every delay comes at a cost, says Salleh
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Updated:- Project delays increase costs and delay benefits for Sabah's people.
- The inspector general will monitor the Pan Borneo Highway closely.
- Some work packages are on track for completion this year.
Sunway-led consortium awarded S$750.6 mil River Valley Green site in Singapore
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Updated:- Sunway Bhd's subsidiary and CSC Land Group won a Singapore land bid for S$750.57 mil.
- SMCL Haven 3 and CSC will incorporate a JV company, with equity interests of 60% and 40% respectively.
- It will undertake a proposed development, subject to regulatory approvals.
Land matters for Port Klang third terminal development completed since December, says Amirudin
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Updated:- Selangor finalised land matters for Port Klang's third terminal in December.
- The state awaits federal approval for the project's commencement.
- Construction on the seabed area is pending a federal decision on ownership.
GDB faces potential delay in debt recovery as 8 Conlay developer faces judicial management bid
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Updated:- GDB Holdings faces delays in recovering RM140 million from Damai City Sdn Bhd (DCSB).
- A creditor filed for judicial management of DCSB, potentially suspending GDB's claims.
- GDB is consulting lawyers on this new development.
Tanco MD buys shares from younger brother as shares slip yet again
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Updated:- Andrew Tan Jun Suan bought shares from his brother Edwin Tan Kium Suan.
- Jun Suan's direct stake in Tanco slightly decreased to 19.41%.
- Tanco's share price fell, but operations remain unaffected.
Talam Transform's July 10 EGM allowed to proceed by court amid boardroom battle
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Updated:- The High Court approved an EGM to remove Talam Transform's board.
- Restrictions were placed to maintain the status quo until the July 10 meeting.
- This follows a dispute with shareholders seeking to appoint new directors.
Kerjaya Prospek bags RM488.4m Pulau Andaman serviced apartment job from E&O unit
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Updated:- Kerjaya Prospek Group Bhd secured a RM488.4 million building contract.
- The project involves two 46-story serviced apartment blocks in Penang.
- This contract will boost revenue and the group's order book.
