Curated stories and property intelligence, delivered your way.
Curated stories and property intelligence, delivered your way. Get free newspaper
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

news

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.
Read More
Batu Kawan’s Whitmore crosses 50% in MKH; RM2 offer unconditional

Batu Kawan’s Whitmore crosses 50% in MKH; RM2 offer unconditional

news

Updated:
  • Batu Kawan Bhd's subsidiary, Whitmore Holdings, now owns over 50% of MKH Bhd.
  • Whitmore acquired an 18.1% stake for RM208.9 mil, increasing its direct holding to 50.9%.
  • A takeover offer of RM2 per share has been triggered for remaining MKH shares.
Read More
GuocoLand Malaysia to be delisted from Bursa on Aug 18

GuocoLand Malaysia to be delisted from Bursa on Aug 18

news

Updated:
  • GuocoLand (Malaysia) Bhd will delist from Bursa Malaysia on Aug 18.
  • This follows a privatisation exercise completed on Aug 7.
  • Maybank Investment Bank advised on the privatisation.
Read More
PTT Synergy signs RM260m deal to develop, sell five Pontian warehouses

PTT Synergy signs RM260m deal to develop, sell five Pontian warehouses

news

Updated:
  • PTT Synergy Group will develop five industrial warehouses in Johor.
  • These will be sold to Koperasi Kakitangan Bank Rakyat for RM260 mil.
  • This project boosts PTT Synergy's profits and cash flow.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
MOF: Govt to tighten oversight of building material imports

MOF: Govt to tighten oversight of building material imports

news

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.
Read More
Bites
Selangor Dredging gets interest-free one-year extension for RM63m Subang land deal