CLMT to sell 3 Damansara office tower to Lagenda Properties for RM52m
The sale consideration is at a 4% premium to its valuation of RM50 million at end-July.
KIP REIT’s RM80m acquisition of KIPMall Kota Warisan deemed fair and reasonable by independent adviser
KIP REIT is purchasing the land piece together with the one-and-a-half storey commercial centre from Cahaya Serijaya Sdn Bhd.
Selangor state govt says no to PJD Link
The Selangor state government has rejected the application for the Petaling Jaya Dispersal Link (PJD Link) project, said its caretaker Menteri Besar Datuk Seri Amirudin Shari.
Khazanah's UEM Group to partner local and foreign investors to develop 1GW solar plant — Asean's largest
Khazanah Nasional Bhd's wholly owned UEM Group Bhd, in collaboration with local investor Itramas Corp Sdn Bhd — and with the potential participation of several foreign investors — is developing a 1GW hybrid solar photovoltaic power plant in Malaysia that will be integrated with a renewable energy (RE) industrial park.
Abdul Karim no longer a shareholder in SCIB after forced share sale
Abdul Karim was the largest shareholder in the concrete product manufacturer after he acquired a 22.53% stake or 19.35 million shares for 70 sen apiece, or RM13.54 million, in May 2019.
Star Media rises 9% after related party deal with Matang snubbed by minorities
Shares of Star Media Group Bhd jumped as much as 9.5% in the evening session, after minority shareholders voted against a proposal to sell an industrial land, upon which factory buildings will be built, to Matang Bhd in a share and cash deal.
Star Media minority shareholders reject related party deal with Matang
Star Media Group Bhd shareholders have voted to reject its proposal to sell properties, consisting of factories and a warehouse in Shah Alam, to its sister company Matang Bhd for RM33 million in a share and cash deal.
Malaysia lifts RE exports ban and raises 2050 generation capacity goal to 70%
Rafizi said the government is also committed to introducing “more RE programmes based on a willing buyer, willing seller basis” to induce private-sector participation.
Citaglobal’s unit wins RM261m rail rehabilitation KVDT2 works contract
The contract, spanning three years starting from June 1, 2023, was awarded by KVDT2’s main contractor Dhaya Maju Infrastructure (Asia) Sdn Bhd and is expected to be completed after 36 months from commencement.
Axis REIT provides RM7m impairment as tenant Yongnam defaults on rental
Axis REIT said it has issued a notice to terminate its lease agreement with Yongnam Engineering Sdn Bhd, which is a major tenant at the Axis Steel Centre @ SiLC, following the default.
