News by Izzul Ikram

Chin Hin Group Property Bhd (KL:CHGP) said it is buying 25.9 acres of land just outside Kuala Lumpur for RM91 million in cash to develop a housing project with an estimated gross development value (GDV) of RM560 million.

IGB Bhd (KL:IGBB) is acquiring the site of Perak’s shuttered theme park, Movie Animation Parks Studios (MAPS), for RM43.65 million to replenish its land bank.

Malaysia Airports Holdings Bhd (MAHB) is willing to cooperate with the Malaysian Anti-Corruption Commission (MACC) if it investigates the RM456 million aerotrain upgrade, but the airport operator has not received any request yet, said managing director Datuk Mohd Izani Ghani.

Malaysia Airports Holdings Bhd (MAHB) on Friday said ‘standard failures’ which caused the Kuala Lumpur International Airport (KLIA) aerotrain service disruptions have been resolved.

Property developer Bedi Bhd (KL:BEDI), formerly known as WMG Holdings Bhd, entered into a deal on Thursday to sell a hypermarket property in Sandakan, Sabah to retailer and wholesaler Mydin for RM85 million. Mydin is the property’s current lessee.

The mandatory general offer (MGO) from Vestland Bhd’s (KL:VLB) largest shareholders, at a discount to its market price, has come to a close with a sliver of acceptances.

Amanahraya Real Estate Investment Trust (KL:ARREIT) plans to establish a RM2 billion medium-term note programme to raise capital for refinancing and funds for working capital and capital expenditure.

Magna Prima Bhd (KL:MAGNA) announced that its largest shareholders—Datuk Seri Wong Sze Chien and managing director Seah Ley Hong—closed their mandatory takeover offer with a 54.96% stake in the company.

NCT Group of Companies said it launched its maiden RM1 billion sukuk wakalah programme on Thursday.

Construction company GDB Holdings Bhd (KL:GDB) has secured a court order enforcing an RM83 million adjudication award in its dispute with KSK Land Sdn Bhd over payments following the developer’s termination of its unit as the main contractor of the 8 Conlay project.