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Paragon Globe signs RM398.1 mil conditional SPA to dispose of Johor land

Paragon Globe signs RM398.1 mil conditional SPA to dispose of Johor land

news

Updated:
  • Paragon Globe Bhd is selling two Johor land parcels for RM398.11 mil cash.
  • This sale optimises its landbank and boosts financial flexibility.
  • The deal, pending approval, expects a RM189.72 mil gain.
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Malton shares jump 17.3% on AI compute centre partnership with US firm

Malton shares jump 17.3% on AI compute centre partnership with US firm

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Updated:
  • Malton Bhd shares surged after announcing AI compute centre plans.
  • They will partner with Ricloud AI Inc for this venture.
  • Offers the group an opportunity to tap demand for cloud, AI-related computing and data centre infrastructure.
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TWL says Fairise Odyssey stake buy gives access to over 200 acres of land in Seremban

TWL says Fairise Odyssey stake buy gives access to over 200 acres of land in Seremban

news

Updated:
  • TWL Holdings Bhd will acquire a 45% stake in Fairise Odyssey for RM42 mil cash.
  • Fairise Odyssey holds a 50% stake in Elite Community, which owns 206.64 acres of land.
  • This land is earmarked for a RM1.5 bil affordable housing project.
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Industrial REITs poised to benefit from data centre spin-offs and acquisitions — MBSB

Industrial REITs poised to benefit from data centre spin-offs and acquisitions — MBSB

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Updated:
  • MBSB Research sees data centre spin-offs boosting REIT exposure.
  • Industrial REITs are prime acquirers due to expertise and growth.
  • Data centres offer stable income but face concentration risks.
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PRG appoints PKF Covenant Equity to conduct independent review of related-party transactions

PRG appoints PKF Covenant Equity to conduct independent review of related-party transactions

news

Updated:
  • PRG Holdings appointed PKF to review transactions between its unit and Premier De Muara.
  • This structure ensures comprehensive reporting on governance and procedural matters.
  • The review ensures accountability and transparency for all shareholders.
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PKNS unit SIC secures new partner to develop RM2.5 bil data centre in Cyberjaya

PKNS unit SIC secures new partner to develop RM2.5 bil data centre in Cyberjaya

news

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.
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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

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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.
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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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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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