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Ge-Shen clarifies Johor land disposal terms, expects RM12.63 mil gain

Ge-Shen clarifies Johor land disposal terms, expects RM12.63 mil gain

news

Updated:
  • Ge-Shen Corp Bhd plans to sell five land parcels in Johor Bahru.
  • The sale includes a 7.26% discount for a quick, certain transaction.
  • This disposal is expected to yield a RM12.63 mil gain for the company.
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Ajinomoto Malaysia’s property pivot from urban KL to Seremban industrial

Ajinomoto Malaysia’s property pivot from urban KL to Seremban industrial

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Updated:
  • Ajinomoto (Malaysia) Bhd proposes a RM20/share privatisation after a major asset transformation.
  • The company sold its urban industrial property for RM408 mil, relocating to a modern manufacturing campus.
  • Ajinomoto's new facility sits within the Bandar Enstek Halal Hub on approximately 18.6 ha of freehold land.
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PRG Holdings seeks to wind up firm linked to largest shareholder over RM64m project dispute

PRG Holdings seeks to wind up firm linked to largest shareholder over RM64m project dispute

news

Updated:
  • PRG Holdings will wind up a company linked to its largest shareholder over alleged outstanding payments.
  • The shareholder then demanded RM21.22 mil from PRG.
  • He has given the group 21 days to settle the amount.
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Titijaya Land discloses RM2.28 mil outstanding loans at moneylending unit

Titijaya Land discloses RM2.28 mil outstanding loans at moneylending unit

news

Updated:
  • Titijaya Capital had RM2.28 mil in outstanding unsecured loans to individuals.
  • RM1.60 mil of these loans were in default, representing 70% of total net loans.
  • The largest facility had a limit of RM1.5 mil, with principal outstanding of RM1.33 mil.
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LSH Capital gets another extension to sign RAC land development deal

LSH Capital gets another extension to sign RAC land development deal

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Updated:
  • The company said RAC agreed to extend the deadline for signing the agreement to July 15, 2026.
  • The agreement relates to the proposed development of two parcels of land in Selangor.
  • All other terms remain unchanged.
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Hartanah Kenyalang unit wins RM283.9 mil contract for Wisma JKR Sarawak

Hartanah Kenyalang unit wins RM283.9 mil contract for Wisma JKR Sarawak

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Updated:
  • Hartanah Kenyalang Bhd secured a RM283.9 mil contract.
  • Its subsidiary will build Wisma JKR Sarawak.
  • This project is expected to boost earnings.
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KTI Landmark unit signs MoU with Sabah Rubber to explore 500-acre land development in Tuaran

KTI Landmark unit signs MoU with Sabah Rubber to explore 500-acre land development in Tuaran

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Updated:
  • KTI Landmark Bhd's subsidiary will explore developing 500 acres in Sabah.
  • They signed an MoU with Sabah Rubber Industry Board for this project.
  • The MoU is not legally binding and has minimal risk.
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PTT Synergy sells Bandar Bukit Raja factory for RM17 mil to rationalise assets

PTT Synergy sells Bandar Bukit Raja factory for RM17 mil to rationalise assets

news

Updated:
  • PTT Synergy Group Bhd is selling an industrial property for RM17 mil.
  • This disposal aims to rationalise non-core assets and reduce costs.
  • The sale is expected to generate a RM2 mil gain for the group.
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From chicken hotpot to data centre: Penang restaurant chain owner bags RM204m tech services deal

From chicken hotpot to data centre: Penang restaurant chain owner bags RM204m tech services deal

news

Updated:
  • A chicken hotpot operator secured a US$50 mil deal for data centre services.
  • This marks their entry into tech infrastructure, diversifying their business.
  • The company will continue its restaurant operations alongside this new venture.
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Data centres to keep Malaysia’s growth steady as IMF leaves forecast intact

Data centres to keep Malaysia’s growth steady as IMF leaves forecast intact

news

Updated:
  • Malaysia's economy will grow by 4.7% in 2026, driven by data centres and tech.
  • Global tech demand, especially AI, supports this growth.
  • However, risks like conflict and high energy prices persist.
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Ge-Shen clarifies Johor land disposal terms, expects RM12.63 mil gain