News by Syafiqah Salim

"Kwasa Land will act as the master developer for this project."

The MOU, which was signed on Feb 2 with Solarvest and focused on developing a green industrial township within DESA 100, is now considered irrelevant due to the land sale.

Johor-based property developer Crescendo Corp Bhd (KL:CRESNDO) is selling more land for the development of data centres in Johor, this time for RM120.06 million in cash.

OSK Holdings Bhd’s (KL:OSK) property arm, OSK Property Holdings Bhd, plans to expand its activities in Kedah with the acquisition of five parcels of plantation land totalling 330.53 acres (133.76 hectares) for RM72 million.

Maxland Bhd (KL:MAXLAND) has signed a 60-year land lease agreement to set up a data centre in the Kulim High-Tech Park (KHTP) in Kedah.

Sentoria Group Bhd (KL:SNTORIA) said it has triggered Bursa Malaysia's Practice Note 17 (PN17) criteria after its shareholders’ equity fell to 33% of its issued and paid-up capital, based on its just released financial statement for the year ended Sept 30, 2024 (FY2024).

Malton Bhd (KL:MALTON) said it plans to raise up to RM19.47 million via a private placement of shares to third-party investors to fund its ongoing property development projects.

He has, however, denied the charges and claimed trial.

Cheah sold 50 million shares, reducing his direct stake in Sunway to 9.98% from 10.97% previously.

The project comprises 606 units of condominiums on Persiaran Semarak Api in Cyber 11.