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Penang to assess structural safety of heritage buildings after Armenian Street incident

Penang to assess structural safety of heritage buildings after Armenian Street incident

news

Updated:
  • Penang will assess heritage building safety after debris injured tourists at Armenian Street in George Town.
  • An independent engineer will identify unsafe structures for restoration.
  • Preliminary inspections indicated the collapse was caused by termite damage.
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HexTech proposes related-party disposal of Nilai land unit, to receive RM38.14 mil cash proceeds

HexTech proposes related-party disposal of Nilai land unit, to receive RM38.14 mil cash proceeds

news

Updated:
  • HexTech plans to sell its subsidiary, GBWSB, to Hextar Holdings for RM38.14 mil.
  • This related-party transaction involves the sale of five industrial land parcels in Nilai.
  • HexTech expects a RM31.59 mil gain and will use proceeds for expansion and debt repayment.
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Media Chinese completes disposal of Toronto industrial property for RM28.65 mil

Media Chinese completes disposal of Toronto industrial property for RM28.65 mil

news

Updated:
  • MCIL sold its Toronto property for C$9.9 mil.
  • The sale was completed on August 6th.
  • Transaction involved the sale of the land and a single-storey industrial building at 1355 Huntingwood Drive.
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Cengild Medical JV for Penang hospital becomes unconditional after shareholder approval

Cengild Medical JV for Penang hospital becomes unconditional after shareholder approval

news

Updated:
  • Cengild Medical's hospital joint venture is now unconditional.
  • Shareholders approved the plan at an EGM.
  • This hospital will be on Andaman Island, Penang.
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A1 A.K. Koh’s RM16.73 mil Puchong land acquisition turns unconditional

A1 A.K. Koh’s RM16.73 mil Puchong land acquisition turns unconditional

news

Updated:
  • A1 A.K. Koh Group's RM16.73 mil land acquisition in Puchong is now unconditional.
  • The new building will replace A1's rented 4,938 sq ft office in Taman Perindustrian OUG.
  • They plan a four-story commercial building for a regional office on the Puchong land.
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BMS proposes RM23.8 mil acquisition of Cheras industrial property for expansion

BMS proposes RM23.8 mil acquisition of Cheras industrial property for expansion

news

Updated:
  • BMS Holdings Bhd plans to buy a Cheras industrial property for RM23.8 mil.
  • This acquisition supports expansion and operational needs, eliminating rental risks.
  • The purchase will be funded by internal funds and/or bank borrowings.
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AWC unit secures RM23.08 mil data centre subcontract

AWC unit secures RM23.08 mil data centre subcontract

news

Updated:
  • AWC Bhd's subsidiary secured a RM23.08 mil data centre subcontract.
  • The work involves plumbing, silo tank, and sanitary installations.
  • This project will boost earnings and net assets through mid-2027.
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Data centre demand in Selangor does not place pressure on domestic water supply

Data centre demand in Selangor does not place pressure on domestic water supply

news

Updated:
  • Selangor's data centre demand does not strain water supply.
  • The state ensures sustainable development with environmental and community well-being in mind.
  • Pre-investment meetings coordinate resources and environmental compliance.
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Desmond Lim and wife transfer all their units in Pavilion REIT to vehicle

Desmond Lim and wife transfer all their units in Pavilion REIT to vehicle

news

Updated:
  • Tycoon Desmond Lim and wife transferred all Pavilion REIT units to Khuan Choo Assets.
  • Their combined 28.699% stake makes Khuan Choo Assets the largest unitholder.
  • This move consolidates their holdings in the property trust.
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Penang to assess structural safety of heritage buildings after Armenian Street incident