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GuocoLand Malaysia shares to be suspended on July 30 ahead of privatisation

GuocoLand Malaysia shares to be suspended on July 30 ahead of privatisation

news

Updated:
  • GuocoLand (Malaysia) Bhd (GLM) shares will be suspended from trading on July 30, 2026.
  • This is for a privatisation via selective capital reduction and repayment.
  • Shareholders will receive RM1.10 cash per share for this exercise.
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Liftech secures RM25 mil material handling system contract for Sepang test cell facility

Liftech secures RM25 mil material handling system contract for Sepang test cell facility

news

Updated:
  • Liftech Group secured a RM25 mil contract for a material handling system.
  • The project involves design, supply, and installation for a test cell facility.
  • This contract is expected to boost Liftech's earnings per share.
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CPE Technology JV to spend RM2 mil to RM3 mil on site preparation, production infrastructure setup

CPE Technology JV to spend RM2 mil to RM3 mil on site preparation, production infrastructure setup

news

Updated:
  • CPE said initial capital will be utilised for the joint venture company's operational requirement.
  • This will include site preparation works and the establishment of a surface treatment production line.
  • Manufacturing and sales should begin in 3QFY2027.
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iCents unit secures RM12.9 mil contract to renovate Klang Valley factory

iCents unit secures RM12.9 mil contract to renovate Klang Valley factory

news

Updated:
  • iCents Group's subsidiary secured a RM12.9 mil contract.
  • They will renovate a factory, warehouse, and office in Klang Valley.
  • This project will positively impact iCents' future earnings.
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Whitmore acquires 2 million MKH shares during takeover offer period

Whitmore acquires 2 million MKH shares during takeover offer period

news

Updated:
  • Whitmore Holdings acquired 2 million MKH shares at RM1.96 each.
  • The proposed offer was triggered by the share sale agreement announced in May.
  • MKH's board appointed Kenanga Investment Bank as independent adviser.
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SHH Resources enters gold mining with RM4 mil Stellar Jewel stake acquisition

SHH Resources enters gold mining with RM4 mil Stellar Jewel stake acquisition

news

Updated:
  • SHH Resources is entering gold mining by acquiring a 51% stake in Stellar Jewel Mining for RM4 mil.
  • This acquisition grants SHH access to existing gold mining rights in Kelantan.
  • The move diversifies SHH's business and is expected to boost future revenue.
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Berjaya Property proposes RM58 mil subscription for 29% stake in Manjaran

Berjaya Property proposes RM58 mil subscription for 29% stake in Manjaran

news

Updated:
  • Berjaya Property Bhd plans to acquire a 29% stake in Manjaran Sdn Bhd for RM58 mil.
  • This investment provides exposure to the Perlis Maritime Corridor development.
  • The deal involves issuing new shares and aims for future earnings growth.
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PMW International invests RM43.76 mil in new Bemban spun pile facility in Perak

PMW International invests RM43.76 mil in new Bemban spun pile facility in Perak

news

Updated:
  • PMW International is building a new concrete pile facility in Perak.
  • This RM43.76 mil project will boost production capacity significantly.
  • Operations are expected to begin in 3Q2027.
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PRISM partners AZRB, UMLand to manage two Malaysian hotel assets

PRISM partners AZRB, UMLand to manage two Malaysian hotel assets

news

Updated:
  • PRISM partners with AZRB and UMLand to manage two Malaysian hospitality assets.
  • They will operate Residence Inn Cherating and Sunday Hotel Near Petronas Twin Tower.
  • These collaborations boost PRISM's growth in Malaysia and Southeast Asia.
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CIMB Securities flags diverging outlook between asset classes in Johor

CIMB Securities flags diverging outlook between asset classes in Johor

news

Updated:
  • Johor's property market shows a two-speed trend, says CIMB Securities.
  • Prime industrial land prices in Johor have reportedly risen to RM150 psf from RM70 to RM80 psf in 2024.
  • High-rise residential units face oversupply risks, despite overall growth.
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