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Crescendo receives balance payment for RM263m Johor data centre land sale

Crescendo receives balance payment for RM263m Johor data centre land sale

news

Updated:
  • Crescendo Corp Bhd received the balance payment for a RM263.21 mil land sale.
  • The payment, including late-payment interest, was made by MSFusion Sdn Bhd.
  • This resolves a prior default on the sale of land intended for a data centre.
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MACC says no Johor state officials or agencies linked to RM1.6m housing-lot probe

MACC says no Johor state officials or agencies linked to RM1.6m housing-lot probe

news

Updated:
  • MACC clarifies no Johor officials are linked to a Felda Tenggaroh 2 housing probe.
  • A committee chairman was detained for allegedly soliciting RM1.6 mil.
  • MACC urges no speculation and promises a transparent investigation.
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Scientex 4Q net profit rises 29.5% on stronger property, packaging contributions

Scientex 4Q net profit rises 29.5% on stronger property, packaging contributions

news

Updated:
  • Scientex Bhd's 4Q net profit rose 29.5% to RM199.92 mil, driven by property and packaging.
  • Revenue increased 17.7% to RM1.40 bil for the quarter.
  • Full-year net profit grew 16.8% to RM620.17 mil, with a 6 sen dividend.
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Hektar REIT appoints Jamil Bidin as chairman

Hektar REIT appoints Jamil Bidin as chairman

news

Updated:
  • Datuk Seri Jamil Bidin is the new chairman of Hektar REIT.
  • He brings extensive experience from various leadership roles.
  • Jamil's appointment fills a vacancy since 2023.
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AZRB redesignates Wan Zakariah as chairman

AZRB redesignates Wan Zakariah as chairman

news

Updated:
  • Ahmad Zaki Resources Bhd (AZRB) named Datuk Seri Wan Zakariah Wan Muda as its new chairman.
  • He owns a 0.8% stake in the company.
  • This follows the resignation of Tan Sri Dr Madinah Mohamad.
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Centurion's RM214.5m Pasir Gudang buy to be its largest in Malaysia

Centurion's RM214.5m Pasir Gudang buy to be its largest in Malaysia

news

Updated:
  • Centurion Corp will acquire a 7,974-bed worker accommodation in Pasir Gudang, Johor for RM214.5 mil.
  • This deal will make it Centurion's largest worker accommodation asset in Malaysia.
  • The acquisition boosts Centurion's Malaysian bed capacity by 22% to 43,980 beds.
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TRC Synergy unit secures RM149.98m data centre subcontract

TRC Synergy unit secures RM149.98m data centre subcontract

news

Updated:
  • TRC Construction secured a RM149.98 mil subcontract from Gamuda Engineering.
  • This is for underground services at a hyperscale data centre.
  • The project runs from Aug 14 to Nov 25, boosting TRC Synergy's earnings.
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Whitmore buys more MKH, MKHOP shares after adviser urges rejection of palm-oil offer

Whitmore buys more MKH, MKHOP shares after adviser urges rejection of palm-oil offer

news

Updated:
  • Whitmore Holdings acquired more shares in MKH and MKHOP.
  • This occurred after an adviser recommended that shareholders reject Whitmore's offer.
  • The adviser deemed the offer "not fair and not reasonable" for MKHOP.
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The Light City's retail component to soft-open on Oct 29

The Light City's retail component to soft-open on Oct 29

news

Updated:
  • The Waterfront Shoppes will open in October 2026.
  • It is Penang's largest mall with 300 retail spaces.
  • This destination integrates with a large convention centre.
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Paramount's six land deals carry RM4b potential GDV

Paramount's six land deals carry RM4b potential GDV

news

Updated:
  • Paramount Corp Bhd has signed six land SPAs with a potential GDV of RM4 bil.
  • Two acquisitions are complete, adding 387 acres and RM2 bil GDV.
  • Four pending acquisitions total 74.61 acres with RM1.946 bil GDV.
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Crescendo receives balance payment for RM263m Johor data centre land sale