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IOI Properties to seek shareholders' approval on Aug 27 for S$1.2b Singapore acquisition

IOI Properties to seek shareholders' approval on Aug 27 for S$1.2b Singapore acquisition

news

Updated:
  • IOI Properties Group seeks approval for a S$1.2 bil acquisition.
  • They plan to buy MVKimi (BVI) Ltd, the company that indirectly owns Asia Square Tower 2 in Singapore.
  • An EGM is set for Aug 27 to vote on this proposal.
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SDS Group seeks shareholder approval for RM101.7m Johor land acquisition to support planned manufacturing expansion

SDS Group seeks shareholder approval for RM101.7m Johor land acquisition to support planned manufacturing expansion

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Updated:
  • SDS Group Bhd plans to acquire land in Tebrau, Johor Bahru for RM101.7 mil.
  • This acquisition will support the group's manufacturing expansion.
  • The land is strategically located near existing facilities, improving efficiency.
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CLMT fixes DRP issue price at 53.87 sen, announces Bursa approval for up to 170 mil new units

CLMT fixes DRP issue price at 53.87 sen, announces Bursa approval for up to 170 mil new units

news

Updated:
  • CapitaLand Malaysia Trust (CLMT) set its DRP issue price at 53.87 sen per unit.
  • This relates to its first income distribution for the six months ended June 30, 2026.
  • Unitholders can reinvest or receive cash, with new units listing on Sept 23.
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Singapore takes possession of Lee Kuan Yew's 38 Oxley Road home, public space options under study

Singapore takes possession of Lee Kuan Yew's 38 Oxley Road home, public space options under study

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Updated:
  • The Singapore government has acquired 38 Oxley Road, Lee Kuan Yew's former home, for preservation.
  • The acquisition means the site cannot be redeveloped for residential, commercial or other private uses.
  • This ends a dispute over its future, prioritising heritage over redevelopment.
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Johor-Singapore SEZ master plan to be unveiled in December, says economy minister

Johor-Singapore SEZ master plan to be unveiled in December, says economy minister

news

Updated:
  • The Johor-Singapore Special Economic Zone (JS-SEZ) master plan launches in December.
  • Prime Ministers of Malaysia and Singapore will jointly launch it.
  • This plan aims to boost JS-SEZ as a regional investment hub.
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Hua Yang eyes more active FY2027 as project pipeline gathers pace after transitional year

Hua Yang eyes more active FY2027 as project pipeline gathers pace after transitional year

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Updated:
  • Hua Yang Bhd anticipates FY2027 will be a pivotal year for growth.
  • They are expanding their landbank and accelerating project launches.
  • Despite recent losses, the company remains cautiously optimistic for the future.
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Eco-Shop faces lawsuit over alleged unauthorised demolition of Penang premises

Eco-Shop faces lawsuit over alleged unauthorised demolition of Penang premises

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Updated:
  • Eco-Shop faces a lawsuit for alleged tenancy breaches and unauthorised demolition.
  • Property owners seek rebuilding, rent, and a RM20 mil security deposit.
  • They also claim over RM25 mil in various damages from Eco-Shop.
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Genting Plantations unit completes inaugural RM200m sukuk issuance for property development

Genting Plantations unit completes inaugural RM200m sukuk issuance for property development

news

Updated:
  • Genting Plantations issued RM200 mil in Sukuk Murabahah notes.
  • The funds will finance property development costs.
  • This is part of a larger RM2 bil programme.
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WCT to acquire remaining 30% equity interest in Jelas Puri from EPF for RM140m

WCT to acquire remaining 30% equity interest in Jelas Puri from EPF for RM140m

news

Updated:
  • WCT Holdings will acquire the remaining 30% of Jelas Puri Sdn Bhd from EPF for RM140 mil.
  • This purchase gives WCT full ownership of the Paradigm Petaling Jaya project developer.
  • The acquisition offers WCT greater flexibility in managing JPSB, despite an expected pro forma net loss.
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TA Global’s Lee Yen Foong on CloutHaus’ appeal to Singapore buyers

TA Global’s Lee Yen Foong on CloutHaus’ appeal to Singapore buyers

news

Updated:
  • TA Global showcased CloutHaus, a 615-unit luxury tower in KLCC, at an investor preview in Singapore.
  • Units range from 549 to 1,216 sq ft, priced from S$469,000.
  • The project is 40% sold, attracting diverse international buyers.
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IOI Properties to seek shareholders' approval on Aug 27 for S$1.2b Singapore acquisition