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IJM raises RM385 mil from resale of treasury shares; banking tycoon Azman Hashim said to take 100 mil shares

IJM raises RM385 mil from resale of treasury shares; banking tycoon Azman Hashim said to take 100 mil shares

news

Updated:
  • IJM Corp Bhd raised RM385.1 mil by reselling 142.4 million treasury shares.
  • Tan Sri Azman Hashim acquired 100 million shares, valuing his stake at 2.7%.
  • Its chairman Tan Sri Krishnan Tan had previously announced that he would step down from the post.
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Hektar REIT’s 2Q NPI rises 9.5%, announces 1.21 sen distribution

Hektar REIT’s 2Q NPI rises 9.5%, announces 1.21 sen distribution

news

Updated:
  • Hektar REIT's NPI rose 9.5% to RM17.36 mil in 2QFY2026 due to lower expenses.
  • Net income increased 33.6% to RM6.23 mil, including a fair-value gain.
  • An interim income distribution of 1.21 sen per unit was announced.
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TSiC completes RM1.35m Melaka land acquisitions

TSiC completes RM1.35m Melaka land acquisitions

news

Updated:
  • TSiC Bhd acquired two industrial land parcels in Melaka for RM1.35 mil.
  • The land was purchased from three of its directors, a related-party transaction.
  • TSiC plans to build a factory and office to expand operations.
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Sime Darby Property, PAM open Concept Home 2035 competition

Sime Darby Property, PAM open Concept Home 2035 competition

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Updated:
  • Sime Darby Property and PAM launched a design competition for Elmina Hills.
  • It seeks innovative, sustainable residential proposals for future townships.
  • Registration closes September 8th, with winners announced in December!
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NCT, RHB and SJPP hold SME financing seminar series

NCT, RHB and SJPP hold SME financing seminar series

news

Updated:
  • NCT Group, RHB Bank, and SJPP held seminars for SMEs.
  • They covered financing, government schemes, and business growth.
  • The events showcased NCT's industrial park developments.
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Mah Sing to sell Southville City land for RM617.9m, expands digital push

Mah Sing to sell Southville City land for RM617.9m, expands digital push

news

Updated:
  • Mah Sing Group Bhd has agreed to sell 78.8 acres of land for RM617.9 mil to WG Malaysia X Sdn Bhd.
  • This sale supports Mah Sing's new digital infrastructure strategy and capital recycling efforts.
  • Mah Sing DC Hub @ Southville City is within the group's 428-acre freehold Southville City township.
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Bintai Kinden gets PLUS award to develop 103-acre Ayer Keroh land with RM296.5m GDV

Bintai Kinden gets PLUS award to develop 103-acre Ayer Keroh land with RM296.5m GDV

news

Updated:
  • Bintai Kinden received a RM296.54 mil development award from PLUS Malaysia.
  • Its subsidiary will develop 103 acres in Melaka for residential and commercial use.
  • This project should boost earnings from financial year 2029 onward.
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PropNex showcases more properties for August open house on Aug 22 and 23

PropNex showcases more properties for August open house on Aug 22 and 23

news

Updated:
  • PropNex Malaysia is hosting an open house this weekend.
  • They will showcase 35 properties in Selangor, Kuala Lumpur and Penang.
  • Featured properties include condos, bungalows, and terrace homes.
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YTL Power to develop new gigawatt data centre campus in Johor

YTL Power to develop new gigawatt data centre campus in Johor

news

Updated:
  • YTL Power plans a new gigawatt data centre in Johor with JLand Group.
  • The campus will be in Sedenak Tech Park West on 145 acres, with expansion options.
  • This adds to YTL's existing Kulai data centre and AI infrastructure.
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Maxim Global’s 2Q net profit halves to RM4m

Maxim Global’s 2Q net profit halves to RM4m

news

Updated:
  • Maxim Global's 2QFY2026 net profit fell 50.4% to RM4 mil due to project completion.
  • Revenue rose 2.2% to RM98.8 mil from new projects and construction revenue.
  • Ongoing developments and new launches are expected to boost future performance.
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IJM raises RM385 mil from resale of treasury shares; banking tycoon Azman Hashim said to take 100 mil shares