News by M

Telekom Malaysia Bhd (KL:TM) said its joint venture with Nxera has secured a multi-year electricity supply for a planned data centre campus in Iskandar Puteri, Johor.

JAKS Resources Bhd (KL:JAKS) has agreed to sell its 100% stake in JAKS Solar Nibong Tebal (JSNT) to Sunview Group Bhd (KL:SUNVIEW) unit, Sunview Asset Management Sdn Bhd, for RM15 million in cash plus up to RM40 million owed by JSNT.

Ancubic Group of Companies’ Rosedale commercial component located in Klang, Selangor has been fully sold out.

Wyndham Hotels & Resorts has opened five new hotels and signed three additional properties in Malaysia in 2025, reflecting the growing confidence in the hospitality group’s brand portfolio and strategy, as well as strong demand across Malaysia’s tourism sector.

IGB Bhd's (KL:IGBB) associates have disposed of UK-based assets, including the St Giles Hotel London, for a total of £220 million (RM1.2 billion).

Property developer Global Oriental Bhd (KL:GOB) said it is disposing of 18 retail units in its Pavilion Embassy project in Kuala Lumpur for RM35 million to pare its borrowings.

KEB Bhd has filed its prospectus with Bursa Malaysia for a proposed initial public offering (IPO) on the ACE Market, as the property developer seeks to raise funds to finance further land acquisitions to replenish its development pipeline.

The Kuching High Court, in a landmark decision, ruled that the Sarawak Strata Management Ordinance 2019 (SMO), which came into force on March 1, 2022, cannot be applied retrospectively.

TA Securities expects PGF Capital Bhd (KL:PGF) to resolve the long-standing issues at its Tanjung Malim property project by the financial year ending Feb 28, 2027 (FY2027).

EGH International Bhd, an interior fit-out firm, is seeking a listing on the ACE Market to raise funds for the construction of a new head office estimated to cost RM28 million.