News by Choy Nyen Yiau

Malaysia on Tuesday announced plans for the development of ‘Madani City’ in Putrajaya, aiming to advance both sustainable and high-tech living.

Loss-making Ta Win Holdings Bhd (KL:TAWIN) is disposing of a parcel of industrial land with a single-storey detached factory in Port Klang to Metal Recovery Industries Sdn Bhd (MRI) for RM44.5 million.

Kerjaya Prospek Group Bhd (KL:KERJAYA) posted a 37% rise in net profit for the first quarter (1Q), supported by higher revenue from improved progress in construction activities.

TCS Group Holdings Bhd (KL:TCS) said it has secured a RM216.9 million contract to undertake the construction of two 48-storey serviced apartment blocks in Subang Jaya.

Taghill Holdings Bhd (KL:TAGHILL), formerly known as Siab Holdings Bhd, announced on Friday that it has secured a RM494 million construction contract in Bandar Sri Damansara, Selangor.

Kumpulan Jetson Bhd’s board faces a new removal attempt by minority shareholders, who claim to hold at least 10% of shares, giving them the right to call an EGM to vote on removing the board and appointing new directors.

IGB Real Estate Investment Trust (KL:IGBREIT) and IGB Commercial Real Estate Investment Trust (KL:IGBCR) will see their former group chief financial officer Chai Lai Sim return from retirement to take the helm at both REITs.

Magma Group Bhd (KL:MAGMA), which is primarily in hotel management and property development, announced the emergence of several new substantial shareholders on Thursday, including former national badminton player Datuk Wira Lee Chong Wei.

IGB REIT and IGB Commercial REIT reported higher earnings in the first quarter ended March 31, 2025, but warned investors of challenges ahead.

Sime Darby Property Bhd (KL:SIMEPROP) on Friday unveiled a 760-acre industrial development within the Malaysia Vision Valley 2.0 growth area in Negeri Sembilan.