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MRCB-Theta Edge JV secures RM3.03 bil Penang Mutiara Line railway systems contract

MRCB-Theta Edge JV secures RM3.03 bil Penang Mutiara Line railway systems contract

news

Updated:
  • MRCB's joint venture secured a RM3.028 bil contract for the Penang Mutiara Line LRT.
  • They will deliver railway systems, including trains and signaling.
  • This project should boost MRCB's future earnings.
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Sentral REIT's property income slips in 2Q amid rising costs, to pay out 3.17 sen per unit

Sentral REIT's property income slips in 2Q amid rising costs, to pay out 3.17 sen per unit

news

Updated:
  • Sentral REIT's net property income fell 3.2% due to higher operating expenses.
  • Despite this, the REIT increased its income distribution to RM37.9 mil.
  • They plan to grow and reposition their portfolio amidst market changes.
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Batu Kawan unit’s takeover bid for MKH turns unconditional

Batu Kawan unit’s takeover bid for MKH turns unconditional

news

Updated:
  • Batu Kawan Bhd's subsidiary, Whitmore Holdings, received shareholder approval for its MKH Bhd takeover.
  • Whitmore's stake in MKH increased to 32.8% through acquisitions.
  • A mandatory takeover offer for remaining MKH shares at RM2.00 each is now required.
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Penang Mutiara Line enters next phase with RM3.03 bil systems contract

Penang Mutiara Line enters next phase with RM3.03 bil systems contract

news

Updated:
  • Penang's Mutiara Line metro project advances with a RM3.028 bil railway systems contract.
  • This award to MRCB-Theta Edge JV allows parallel design and construction.
  • MRT Corp said 93% of the land required for the CMC1 package has also been made available.
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Nestcon wins RM243 mil contract from Exsim for Penang serviced apartment project

Nestcon wins RM243 mil contract from Exsim for Penang serviced apartment project

news

Updated:
  • Nestcon Bhd secured a RM243 mil contract for a Penang serviced apartment project.
  • Construction for the 57-story building starts in January 2027.
  • This project will positively impact Nestcon's earnings and assets.
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E&O eyes KLCC condo redevelopment after Jalan Kia Peng site acquisition

E&O eyes KLCC condo redevelopment after Jalan Kia Peng site acquisition

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Updated:
  • E&O plans to redevelop a 5,682 sq m freehold site near KLCC into a residential project.
  • The existing condo may be demolished, pending approvals.
  • The project is in early stages; details like cost and timeline are not final.
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Hektar REIT secures Bursa approval to issue up to 42.08 million units for proposed school acquisition

Hektar REIT secures Bursa approval to issue up to 42.08 million units for proposed school acquisition

news

Updated:
  • Hektar REIT secured approval to list units to partly fund its proposed RM125 mil school acquisition.
  • The deal involves cash and new units for the KYS KL East International School.
  • Hektar REIT will lease the property back to the vendor after acquisition.
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RM687.9 mil Kapar land assembly highlights new playbook for securing large industrial sites

RM687.9 mil Kapar land assembly highlights new playbook for securing large industrial sites

news

Updated:
  • WG Malaysia VIII is acquiring about 157 acres of industrial land in Kapar for RM687.89 mil.
  • This involved three separate purchases from different companies.
  • This strategy creates large, contiguous industrial sites from smaller parcels.
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CPE Technology unit acquires RM10 mil Johor industrial property to expand manufacturing

CPE Technology unit acquires RM10 mil Johor industrial property to expand manufacturing

news

Updated:
  • CPE Technology is buying a freehold industrial property with an existing factory for RM10 mil cash.
  • This expands manufacturing capacity and supports future growth plans.
  • The acquisition uses IPO proceeds and should boost future earnings.
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Setia Lenscape photography contest offers RM50,000 in prizes for township images

Setia Lenscape photography contest offers RM50,000 in prizes for township images

news

Updated:
  • S P Setia is holding a photography contest with a RM50,000 prize pool.
  • It seeks photos of daily life in its townships, open until Oct 31.
  • Held in collaboration with EdgeProp Malaysia as the media partner and UCSI University as the academic partner.
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MRCB-Theta Edge JV secures RM3.03 bil Penang Mutiara Line railway systems contract