Matrix Concepts secures RM512m financing facility from AmBank for MVV 2.0 project
It will feature a mix of residential, commercial and retail elements.
Ibraco, China Railway win RM569m Kuching rapid transit project
Ibraco via its wholly owned unit Ibraco Construction Sdn Bhd (ICSB) together with China Railway units, China Railway Engineering Corp (M) Sdn Bhd and Nanyang Tunnel Engineering Sdn Bhd, won the tender for Blue Line Package 1 from Rembus to Stutong for the KUTS project from Sarawak Metro Sdn Bhd (SMSB).
PTT Synergy clinches RM53 mil construction contract from Sime Darby Property
Integrated construction and property firm PTT Synergy Bhd has secured a RM53.29 million contract for construction and completion of various works related to Phase A (Package 1) Elmina Business Park 2 in Rawang.
PNB, EPF and KWAP co-invest in Kulim II high-tech industrial asset for RM2b
Permodalan Nasional Bhd (PNB) together with the Employees Provident Fund (EPF) and Kumpulan Wang Persaraan (Diperbadankan) (KWAP) have co-invested in the Kulim II high-tech industrial asset, with a total investment value of RM2 billion.
Meta Bright diversifies into building materials trade via RM28 mil acquisition
Meta Bright Group Bhd has proposed to diversify into the building materials trade through the acquisition of a 70% stake in a ready-mixed concrete manufacturing business in Sabah for RM28.04 million.
CLMT’s 3Q NPI jumps 53% to RM58 mil, pays 1.05 sen DPU
CapitaLand Malaysia Trust’s (CLMT) net property income (NPI) climbed 52.6% to RM58.32 million for the third quarter ended Sept 30, 2023 (3QFY2023) from RM38.21 million a year earlier on higher revenue, boosted by income contributions from Queensbay Mall and more revenue contributions from its retail properties.
Glomac CEO urges deferment of 4% stamp duty on foreign buyers as property, construction sectors not back in 'era of stability'
While lauding the proposed relaxation of the Malaysia My Second Home (MM2H) rules under Budget 2024, Glomac Bhd managing director and chief executive officer (CEO) Datuk Seri Fateh Iskandar Mansor (FD Iskandar) urged the government to consider imposing the flat 4% stamp duty on Memorandum of Transfer (MOT) documents on foreign property purchasers only after there is significant uptake of units in the local market.
Tropicana redeems second tranche of sukuk wakalah worth RM179m
Property developer Tropicana Corp Bhd has redeemed the second tranche of its sukuk wakalah programme worth RM179 million due on Friday.
Analysts raise target prices for Scientex on robust property demand
Analysts have raised their target prices (TPs) for Scientex Bhd after its financial results for the year ended July 31, 2023 (FY2023) met expectations, and as they are more bullish on the company’s property segment due to the stable interest rate environment.
Yinson leverages CelcomDigi’s network to facilitate EV charging stations, e-bikes, solar infrastructure services
The collaboration will enable Yinson to utilise CelcomDigi’s 4G LTE and 5G network to improve connectivity for chargEV, the country’s largest charging station operator.
