News by John Lai

The construction group said the appellate court ruled it is entitled to its primary claim and reliefs sought, with the revised award subject to deductions for sums already recovered.

Gagasan Nadi Cergas Bhd (KL:NADIBHD) has secured an en bloc sale of all 523 affordable housing units at its Idaman Casuarina 1 condominium project to the Selangor Housing and Property Board (LPHS) for RM134.4 million.

Sunway failed to secure the conditional requirement of more than a 50% stake in IJM Corp, preventing it from moving forward with its takeover bid.

IJM Corp Bhd (KL:IJM) on Friday said any discussions Sunway Bhd (KL:SUNWAY) may have had with any of its shareholders prior to the announcement of Sunway's takeover bid were conducted without the knowledge or involvement of the IJM board or its management.

For investors who are weighing Sunway Bhd's (KL:SUNWAY) takeover bid for IJM Corp Bhd (KL:IJM) ahead of the April 6 deadline, a simple arithmetic comparison might be an alternative way to assess the offer.

Shangri-La said its subsidiary UBN Tower Sdn Bhd signed the tenancy agreements on March 30 with Kuok Brothers Sdn Bhd and PPB Group Bhd for a three-year term commencing April 1, 2026.

EPMB said the acquisition will be funded through internally generated funds and bank borrowings.

Sunway Bhd (KL:SUNWAY) is standing firm on its RM3.15 per share takeover offer for IJM Corp Bhd (KL:IJM), arguing the proposal is fair and backed by independent analyst valuations as well as Sunway's own strong financial track record.

Eversendai Corporation Bhd (KL:SENDAI) said it has received a termination notice from NEOM Company for its Trojena Ski Village structural steel contract in Saudi Arabia, effective March 26, citing geopolitical developments in the Middle East.

Wentel Engineering Holdings Bhd (KL:WENTEL) has proposed to acquire two medium industrial semi-detached factory units in Johor for RM29.58 million in a related-party transaction.