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Sapura Industrial plans RM42.33 mil land sale to fund automotive expansion

Sapura Industrial plans RM42.33 mil land sale to fund automotive expansion

news

Updated:
  • Sapura Industrial Bhd will sell two industrial land parcels for RM42.33 mil.
  • This disposal aims to reallocate funds to core operations and expansion.
  • Expects to recognise an estimated net pro forma gain of about RM29.14 mil.
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Oriental Holdings’ RM411 mil Bayview acquisition package clears final SPA 2 condition

Oriental Holdings’ RM411 mil Bayview acquisition package clears final SPA 2 condition

news

Updated:
  • Oriental Holdings Bhd's RM411 mil acquisition of hotel assets is now unconditional.
  • This includes properties in Penang and Langkawi.
  • All remaining conditions for the sale were met or waived by July 1, 2026.
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PRG served with RM21.22 mil statutory demand from shareholder Ng Yan Cheng

PRG served with RM21.22 mil statutory demand from shareholder Ng Yan Cheng

news

Updated:
  • PRG Holdings received a RM21.22 mil statutory demand from shareholder Ng Yan Cheng.
  • Ng seeks repayment for advances made to the company.
  • Failure to pay could lead to winding-up proceedings.
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SC Estate Builder seeks extension for six‑proposal property, RE and acquisition circular submission

SC Estate Builder seeks extension for six‑proposal property, RE and acquisition circular submission

news

Updated:
  • SC Estate Builder Bhd seeks an extension to submit a circular to shareholders for six proposals.
  • These include diversification into property investment and renewable energy.
  • The company also reported increased revenue but lower profit in its latest quarter.
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Nestcon shareholders back property debut with RM1.37 bil Johor project

Nestcon shareholders back property debut with RM1.37 bil Johor project

news

Updated:
  • Nestcon Bhd secured shareholder approval for a RM95 mil land acquisition in Johor.
  • Nestcon Iskandar plans a mixed development on the land with an estimated GDV of about RM1.37 bil.
  • The board believes the proposals will provide an alternative revenue stream.
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Data centres to guzzle one-third of Malaysia’s electricity by 2035, govt taking measures to ensure supply

Data centres to guzzle one-third of Malaysia’s electricity by 2035, govt taking measures to ensure supply

news

Updated:
  • Malaysia's data centres are expected to consume one-third of Malaysia's electricity supply by 2035.
  • The government is taking steps to ensure stable power.
  • Measures include extending plant operations and encouraging self-generation.
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Semantan Estate hearing for 1956 compensation to proceed on Aug 1

Semantan Estate hearing for 1956 compensation to proceed on Aug 1

news

Updated:
  • The High Court will hear Semantan Estate's compensation case on Aug 1, 14, and Sept 1.
  • A stay application was dismissed on grounds the case had been going on since 1956.
  • The court prioritised early disposal, citing potential prejudice to the government.
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DBKL councillor system put on hold as govt focuses on governance reforms — minister

DBKL councillor system put on hold as govt focuses on governance reforms — minister

news

Updated:
  • The proposed councillor system for Kuala Lumpur City Hall (DBKL) will not be introduced for now.
  • Putrajaya decided not to introduce a councillor system as it could create an additional decision-making layer.
  • The government will strengthen existing governance instead.
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Wong Yik Fong appointed Majestic Gen CEO effective July 1

Wong Yik Fong appointed Majestic Gen CEO effective July 1

news

Updated:
  • Majestic Gen appointed Wong Yik Fong as CEO, effective July 1, 2026.
  • This move strengthens leadership for future expansion and succession planning.
  • Wong will oversee daily operations and project delivery.
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Stray wire caused minor explosion at LRT station — Rapid KL

Stray wire caused minor explosion at LRT station — Rapid KL

news

Updated:
  • A thin wire caused a minor explosion on a Rapid KL LRT train.
  • The wire was not part of the train or rail infrastructure.
  • No injuries occurred, and services continued normally.
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Sapura Industrial plans RM42.33 mil land sale to fund automotive expansion