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PRG rejects shareholders' requisition to convene EGM to revamp board

PRG rejects shareholders' requisition to convene EGM to revamp board

news

Updated:
  • PRG Holdings rejected an EGM request from shareholders due to insufficient collective shareholding.
  • The board deemed the notice invalid after legal advice.
  • The proposed removal of a director became academic after his resignation.
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MGB unit secures RM44.7 mil MEP and finishes contract for Saudi 75-villa development

MGB unit secures RM44.7 mil MEP and finishes contract for Saudi 75-villa development

news

Updated:
  • MGB Bhd's subsidiary secured a RM44.67 mil contract in Saudi Arabia.
  • It involves MEP and finishes for 75 villas.
  • This boosts MGB's earnings and regional growth strategy.
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Johan Holdings unit to acquire remaining 20% stake in Lumut Park Resort for RM3.25 mil

Johan Holdings unit to acquire remaining 20% stake in Lumut Park Resort for RM3.25 mil

news

Updated:
  • Johan Holdings Bhd will acquire the remaining 20% of Lumut Park Resort for RM3.25 mil.
  • JHB will hold 100% indirect interest in LPR through its wholly owned subsidiaries.
  • The acquisition, funded internally, is expected to be completed by August 2026.
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Hartanah Kenyalang unit secures RM41.38 mil Sarawak construction contract

Hartanah Kenyalang unit secures RM41.38 mil Sarawak construction contract

news

Updated:
  • Hartanah Construction secured a RM41.38 mil contract in Sarawak.
  • The project involves multi-storey buildings and starts July 2026.
  • This contract should boost earnings from FY2026 onwards.
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OGX proposes RM19 mil acquisition of Damansara property for new HQ

OGX proposes RM19 mil acquisition of Damansara property for new HQ

news

Updated:
  • OGX Group Bhd plans to buy its Damansara headquarters for RM19 mil.
  • This acquisition will consolidate operations at the premises.
  • The purchase is expected to finalise by late 2026.
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Pegasus Heights unit to acquire Port Dickson freehold land for RM6.35 mil

Pegasus Heights unit to acquire Port Dickson freehold land for RM6.35 mil

news

Updated:
  • Pegasus Heights Bhd is buying 3.275 hectares of land in Port Dickson for RM6.35 mil.
  • This acquisition aims to expand their landbank and boost future revenue streams.
  • The deal should finalise by 4Q2026, with no immediate impact on earnings.
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EcoFirst gets further extension for proposed RM45 mil Penang land acquisitions

EcoFirst gets further extension for proposed RM45 mil Penang land acquisitions

news

Updated:
  • EcoFirst Consolidated Bhd extended its land acquisition completion.
  • The RM45 mil deal involves two Penang freehold parcels.
  • These sites are for residential development with a RM563 mil GDV.
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Government cloud backbone becomes critical infrastructure for Malaysia’s smart-city and planning push

Government cloud backbone becomes critical infrastructure for Malaysia’s smart-city and planning push

news

Updated:
  • Malaysia's government cloud backbone supports smart-city initiatives and public service delivery.
  • The Cloud Framework Agreement (CFA 1.0) is extended to June 2027.
  • This ensures continuity while CFA 2.0 is being prepared.
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ECRL set to contribute up to RM90b to GDP by 2047, says deputy minister

ECRL set to contribute up to RM90b to GDP by 2047, says deputy minister

news

Updated:
  • The ECRL project aims for RM80-90 billion GDP contribution by 2047.
  • It will create 21 economic accelerator projects and new logistic hubs.
  • This project is a catalyst for economic growth and job creation.
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COA instructs Agri-Tech Sdn Bhd’s claim on traditional Orang Asli land to go to trial

COA instructs Agri-Tech Sdn Bhd’s claim on traditional Orang Asli land to go to trial

news

Updated:
  • A court ordered a trial for an ancestral land dispute.
  • The Orang Asli community claims rights to 101.17ha in Rompin.
  • The High Court's summary judgment was overturned due to triable issues.
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Bites
PRG rejects shareholders' requisition to convene EGM to revamp board