East Malaysia-based consumer goods distributor Kim Teck Cheong Consolidated Bhd (KL:KTC) said it is acquiring 15.15 acres of land in Kota Kinabalu to develop a regional distribution and warehouse hub.
Property developer Bertam Alliance Bhd (KL:BERTAM) is set to exit Bursa Malaysia's Practice Note 17 (PN17) category for financially distressed companies on Thursday (June 12), after being in the status for seven years.
A developer of data centres planned in the Johor-Singapore Special Economic Zone (JS-SEZ) has secured RM15 billion in financing from a group of lenders.
Binastra Corporation Bhd (KL:BNASTRA) on Wednesday said it has secured a contract worth RM268 million to build serviced apartments.
Lulu Group is shutting down its hypermarkets in Malaysia, while keeping its wholesale division in the country.
Global hospitality technology company OYO has introduced SUNDAY Hotel in Malaysia, with simultaneous launches in Kuala Lumpur and Pantai Cenang, Langkawi.
Property outfit NCT Alliance Bhd (KL:NCT) has proposed another acquisition of a majority stake in a Sabah landowner. The RM36 million acquisition will be settled via a share transfer.
Property development company Encorp Bhd (KL:ENCORP), an indirect subsidiary of the Federal Land Development Authority (Felda), has appointed Ahmad Harzimi Mohd Taib as its new group CEO, with immediate effect.
The Master Builders Association Malaysia (MBAM) has urged the government to reconsider the impending revision and expansion of the sales and service tax (SST) on construction services, citing concerns that the move will strain the industry’s cash flow.
At the time, the land, measuring 40,467 sq m and located in Mukim Petaling, had an estimated value of RM70 million.
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