News by Syafiqah Salim

Crest Builder Holdings Bhd (KL:CRESBLD) has secured two construction contracts worth a combined RM513 million, lifting its outstanding order book to a record RM2 billion.

Paramount Corp Bhd (KL:PARAMON) is acquiring a 3.7-acre freehold commercial land parcel along Jalan Ampang from IOI Properties Group Bhd (KL:IOIPG) for RM257.9 million, which it plans to develop into two blocks of high-end serviced apartments with an estimated gross development value (GDV) of RM1.1 billion.

One of the country’s largest fund managers said on Monday in a statement that its board investment committee considered IJM’s intrinsic value versus the RM3.15 offer price and the potential future gain from the Sunway shares to be issued, relative to their issuance price.

Paramount Corp Bhd (KL:PARAMON) is aiming for higher property sales this year and is confident that its margins will withstand cost pressures amid Middle East tensions.

Sunway Bhd (KL:SUNWAY) will walk away from its proposed takeover of IJM Corp Bhd (KL:IJM) if the construction group’s shareholders do not accept the offer by the early April deadline.

Sunway Healthcare Holdings Bhd (SHH) is exploring opportunities to expand to Southeast Asian nations as part of its longer-term regional growth strategy, said executive chairman Tan Sri Dr Jeffrey Cheah.

Kerjaya Prospek Group Bhd (KL:KERJAYA) is exploring new industrial park opportunities as it looks to expand beyond its proposed joint venture in Penang a unit of the Retirement Fund Inc (KWAP), said executive chairman and major shareholder Datuk Seri Tee Eng Ho.

Binastra Corp Bhd (KL:BNASTRA) has secured a RM503 million contract for the proposed development of a data centre in Jalan Sri Permaisuri, Kuala Lumpur.

KLCCP Stapled Group (KL:KLCC) has declared a record-high total dividend of 47 sen per stapled security for the financial year ended Dec 31, 2025, as its annual net profit and revenue hit all-time highs.

Axis REIT (KL:AXREIT) may consider an equity fundraising if its financial leverage rises to around 40%, as the real estate investment trust continues to add industrial assets.