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Binasat terminates Empire City property deal; vendor to refund RM32.19m

Binasat terminates Empire City property deal; vendor to refund RM32.19m

news

Updated:
  • Binasat Communications Bhd terminated a proposed property acquisition.
  • The vendor must refund RM32.19 mil by late 2026.
  • This allows Binasat to reallocate funds for new ventures.
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DPS Resources signs non-binding MoU for 89MW Melaka data centre

DPS Resources signs non-binding MoU for 89MW Melaka data centre

news

Updated:
  • DPS Resources' subsidiary signed an MoU for a 89MW data centre in Melaka.
  • The project could expand to 400MW, subject to various approvals.
  • The MoU is non-binding and has no immediate financial impact.
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Selangor Dredging gets interest-free one-year extension for RM63m Subang land deal

Selangor Dredging gets interest-free one-year extension for RM63m Subang land deal

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Updated:
  • Selangor Dredging Bhd secured a one-year, interest-free extension for a RM63 mil land acquisition.
  • This extends the completion period to Aug 12, 2027, without additional cost.
  • SDB plans to build serviced apartments with an estimated RM507 mil gross development value.
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Farlim seeks nod to redirect RM20.9m of Gopeng land-sale proceeds

Farlim seeks nod to redirect RM20.9m of Gopeng land-sale proceeds

news

Updated:
  • Farlim Group seeks approval to reallocate RM20.92 mil from land-sale proceeds.
  • Funds will support property developments and increase working capital.
  • This move reduces reliance on loans for new projects.
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Kerjaya Prospek wins RM223m Johor Bahru SOHO contract

Kerjaya Prospek wins RM223m Johor Bahru SOHO contract

news

Updated:
  • Kerjaya Prospek secured a RM223 mil contract for a Johor Bahru SOHO project.
  • This boosts their year-to-date wins to RM2.4 bil, exceeding their 2026 target.
  • The project includes 1,012 SOHO units and will positively impact earnings through 2029.
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Sunway REIT 2Q realised profit rises 10%

Sunway REIT 2Q realised profit rises 10%

news

Updated:
  • Sunway REIT's 2Q realised profit rose 10.3% to RM106.5 million, driven by strong retail performance.
  • Revenue increased 4.2% to RM220.3 million, with NPI up 5.2% to RM163 mil.
  • The trust declared a 6.28 sen per unit distribution, payable Sept 11.
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MOF: Govt to tighten oversight of building material imports

MOF: Govt to tighten oversight of building material imports

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Updated:
  • Malaysia will tighten oversight on imported building materials.
  • This protects consumers and ensures fair competition for local businesses.
  • New measures include stricter import controls and inspections.
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Southern Score Builders' unit bags RM105 mil Puncak Alam data centre subcontract works

Southern Score Builders' unit bags RM105 mil Puncak Alam data centre subcontract works

news

Updated:
  • Southern Score Builders' subsidiary secured a RM105 mil data centre contract.
  • The project in Puncak Alam, Selangor, starts July 2026.
  • It will boost company earnings from FY2027 onwards.
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Sime Darby Property tops out Kanopi Residences at Elmina City Centre

Sime Darby Property tops out Kanopi Residences at Elmina City Centre

news

Updated:
  • Sime Darby Property topped off Kanopi Residences in Elmina City Centre.
  • The 36-storey project registered a 90% take-up rate.
  • It offers 499 units and many wellness facilities.
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Bites
Binasat terminates Empire City property deal; vendor to refund RM32.19m