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Sunway-led consortium awarded S$750.6 mil River Valley Green site in Singapore

Sunway-led consortium awarded S$750.6 mil River Valley Green site in Singapore

news

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.
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Pan Borneo Highway progress under close watch as every delay comes at a cost, says Salleh

Pan Borneo Highway progress under close watch as every delay comes at a cost, says Salleh

news

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.
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GuocoLand divests 20% stake in Tower REIT manager

GuocoLand divests 20% stake in Tower REIT manager

news

Updated:
  • 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.
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Land matters for Port Klang third terminal development completed since December, says Amirudin

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.
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GDB faces potential delay in debt recovery as 8 Conlay developer faces judicial management bid

GDB faces potential delay in debt recovery as 8 Conlay developer faces judicial management bid

news

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.
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Tanco MD buys shares from younger brother as shares slip yet again

Tanco MD buys shares from younger brother as shares slip yet again

news

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.
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Talam Transform's July 10 EGM allowed to proceed by court amid boardroom battle

Talam Transform's July 10 EGM allowed to proceed by court amid boardroom battle

news

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.
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Kerjaya Prospek bags RM488.4m Pulau Andaman serviced apartment job from E&O unit

Kerjaya Prospek bags RM488.4m Pulau Andaman serviced apartment job from E&O unit

news

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.
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Malton inks MOU with US' Ricloud on proposed AI-compute-centre collaboration

Malton inks MOU with US' Ricloud on proposed AI-compute-centre collaboration

news

Updated:
  • Malton Bhd signed an MOU with Ricloud AI Inc to explore AI compute centres in Malaysia.
  • Malton will assist investors in identifying suitable locations for AI compute centres.
  • Ricloud will secure investors and provide technical expertise for these centres.
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Sunway-led consortium awarded S$750.6 mil River Valley Green site in Singapore