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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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EC Excel unit to acquire freehold industrial land in Bandar Sri Sendayan for RM10.17 mil

EC Excel unit to acquire freehold industrial land in Bandar Sri Sendayan for RM10.17 mil

news

Updated:
  • EC Excel's subsidiary will acquire industrial land for RM10.17 mil cash.
  • The land will be used for a warehouse to support operational expansion.
  • The acquisition is expected to complete by 4Q2026.
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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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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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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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