News by M

Singapore-based Oxley Holdings Ltd via a subsidiary, Artisan Hospitality Sdn Bhd, has formed a joint venture with Langham Hospitality Group (LHG) to open The Langham, Kuala Lumpur hotel at the Oxley Towers KLCC mixed development in 2027.

Avaland Bhd (KL:AVALAND) launched the Sanderling 2 high-rise residential project over the weekend. Sanderling 2 is the fourth and final phase of the developer’s 23-acre freehold Lakefront Residence development in Cyberjaya.

Newly listed KTI Landmark Bhd (KL:KTI) said it has won a sub-contract under the Armed Forces Family Housing (RKAT) construction project at the Labuan Air Base, worth RM49.99 million.

Malaysia should shift from merely hosting data centres to becoming a global leader in the design, manufacturing, and export of data centre infrastructure, said Minister of Economy Rafizi Ramli.

Sabah-based Azam Jaya Bhd (KL:AZAMJAYA) ended its debut on the Main Market of Bursa Malaysia on Monday with a closing price of RM1.09, a 39.74% or 31 sen rise from its initial public offering price (IPO) of 78 sen.

Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA), the second time the company has done so after its inaugural win in 2009. This year, it also obtained the top spot in the Best in Qualitative Attributes sub-award.

A three-member bench comprising Chief Judge of Sabah and Sarawak Tan Sri Abdul Rahman Sebli, Datuk Zabariah Mohd Yusof and Datuk Vazeer Alam Mydin unanimously granted leave to the buyers on Monday, based on three questions of law that they posed to the bench.

A three-member bench, led by Datuk Supang Lian, granted the stay, and for the case to remain status quo of the lands to be maintained, pending the determination of the judicial review application that was commenced by the R&M from Grant Thornton. 

The company expects Sabah to remain as its core market, adding that “there is a lot more to do".

Kerjaya Prospek said its wholly owned subsidiary Futuprop Sdn Bhd, and Aspen Vision, will form a 55:45 special purpose vehicle named Rivanis Ventures Sdn Bhd to undertake the development.