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TCS Group proposes 20% share placement, diversification into property development

TCS Group proposes 20% share placement, diversification into property development

news

Updated:
  • TCS Group Holdings proposes a private placement of 152.72 million shares.
  • They also plan to diversify into property development activities.
  • An EGM on August 5 will seek shareholder approval for these changes.
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Johor property sector remains neutral after state poll, says CIMB Securities

Johor property sector remains neutral after state poll, says CIMB Securities

news

Updated:
  • CIMB Securities maintains a 'neutral' call on Johor's property sector.
  • The JS-SEZ blueprint and RTS Link should boost demand for properties.
  • However, oversupply risks exist in Johor Bahru's high-rise residential market.
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SDCG unit accepts RM18.5 mil BMS upgrade contract for Klang Valley rail stations

SDCG unit accepts RM18.5 mil BMS upgrade contract for Klang Valley rail stations

news

Updated:
  • SDCG's subsidiary secured an RM18.5 mil contract.
  • It will upgrade building management systems at Klang Valley railway stations.
  • This project spans 24 months, starting July 2026.
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TAFI accepts RM135 mil related-party construction job in Setia Alam

TAFI accepts RM135 mil related-party construction job in Setia Alam

news

Updated:
  • TAFI Home & Office Sdn Bhd secured a RM135 mil contract.
  • It will construct a mixed-use development in Setia Alam, Selangor.
  • This project includes apartments, SOHO units, shops, and retail units.
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TDM: Build-and-sub-lease deal for new KMI Tawau hospital block now unconditional

TDM: Build-and-sub-lease deal for new KMI Tawau hospital block now unconditional

news

Updated:
  • TDM Bhd's hospital expansion agreement is now unconditional.
  • All conditions for the KMI Tawau Medical Centre project are met.
  • The parties will proceed with construction and renovation.
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Titijaya unit granted leave to proceed with judicial review over RM9.6 mil tax assessment

Titijaya unit granted leave to proceed with judicial review over RM9.6 mil tax assessment

news

Updated:
  • Titijaya's subsidiary, SACC, has obtained court leave to proceed with a judicial review.
  • This challenges an additional tax assessment of RM9.596 mil.
  • Titijaya said it remains committed to engaging constructively with the IRB.
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Sime Darby Property commits RM100 mil to JV as RM798.3 mil Bukit Kerayong land acquisition moves ahead

Sime Darby Property commits RM100 mil to JV as RM798.3 mil Bukit Kerayong land acquisition moves ahead

news

Updated:
  • Sime Darby Property will invest RM100 mil in a JV with SD Guthrie.
  • This funds the acquisition of 1,021.93 acres for an industrial corridor.
  • The land is strategically located near key logistics infrastructure.
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Four EkoCheras house owners lose bid for extra late damages after signing settlement, rules Appeals Court

Four EkoCheras house owners lose bid for extra late damages after signing settlement, rules Appeals Court

news

Updated:
  • An appellate court overturned a lower court's LAD verdict.
  • Purchasers waived rights by signing settlement letters.
  • The developer is discharged of liability for LAD.
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Sunway MCL consortium tops S$2.1 bil bid for Singapore Bayshore site

Sunway MCL consortium tops S$2.1 bil bid for Singapore Bayshore site

news

Updated:
  • A consortium, including Sunway MCL, bid S$2.1 bil for a Singapore land site.
  • This bid was 5.8% higher than the second-highest offer.
  • The site will be a mixed-use development with residential and commercial space.
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GDB secures preferred liquidators as 8 Conlay developer Damai City wound up

GDB secures preferred liquidators as 8 Conlay developer Damai City wound up

news

Updated:
  • GDB Holdings Bhd's subsidiary was informed of a winding-up order for 8 Conlay developer Damai City Sdn Bhd.
  • This order followed a petition by TSL Victory Sdn Bhd under the Companies Act 2016.
  • GDB seeks to recover over RM140 mil from Damai City Sdn Bhd.
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TCS Group proposes 20% share placement, diversification into property development