News by Izzul Ikram

IJM Corporation Bhd (KL:IJM) is selling a hypermarket building in Sandakan, Sabah, to its tenant, supermarket operator Econsave, for RM47.5 million.

Varia Bhd (KL:VARIA) has proposed to jointly develop a mixed development project in Putrajaya with United Malayan Land Bhd (UMLand) and Canada-based King George Financial Corp (KGFC).

Batu Kawan Bhd (KL:BKAWAN), through its wholly-owned subsidiary Whitmore Holdings Sdn Bhd, has agreed to acquire a combined 47.7% stake in MKH Bhd (KL:MKH) for RM549.8 million, or RM2 a share, from the Chen family.

IJM Corp Bhd (KL:IJM) said the Malaysian Anti-Corruption Commission’s (MACC) probe involving its chairman Tan Sri Krishnan Tan in relation to Sunway Bhd’s (KL:SUNWAY) takeover offer had been completed and classified as “no further action”.

UDA Holdings Bhd, an agency under the Entrepreneur Development and Cooperatives Ministry, will absorb RM12.5 million in costs to help ease the burden on micro, small and medium enterprises (MSMEs) amid rising cost pressures from Middle East tensions.

Mudajaya Group Bhd (KL:MUDAJYA) said a lawsuit it had initiated over properties it was promised as payments for construction work on a mixed-development project in Kuala Lumpur will go back to the High Court for a full trial.

KLCCP Stapled Group’s (KL:KLCC) sukuk programme has been upsized to RM4 billion from RM3 billion.

Sunway Bhd (KL:SUNWAY) said Tan Sri Abdul Wahid Omar has joined the conglomerate’s board as an independent and non-executive director.

The suspension is undertaken under Paragraph 16.02(1)(i) of the listing rules which underlines a trading suspension upon the commencement of a voluntary winding-up of a listed issuer.  

The latest job adds to its existing data centre-related contract with NEXTDC.