News by theedgemalaysia.com

Conglomerate IJM Corp Bhd (KL:IJM) said on Wednesday it has secured a 143-year leasehold interest in 25 Finsbury Circus — formerly known as 1-5 London Wall Buildings — for £72.5 million (RM407.9 million) from private equity firm TPG Angelo Gordon.

The High Court on Wednesday dismissed a judicial review filed by eight residents and property owners to challenge the validity of the new KL Local Plan 2020 master plan, which they claimed was approved and gazetted without notices, forums or gathering of their feedback.

Each unit comprises four bedrooms and four bathrooms, and are priced starting from RM921,888.

As part of the agreement, the government will receive 15% of LSHSM’s annual revenue.

Chin Hin Group Bhd (KL:CHINHIN) officially opened Menara Chin Hin, its new corporate headquarters in Sri Petaling, Kuala Lumpur over the weekend.

Kerjaya Prospek Group Bhd (KL:KERJAYA) has secured a RM51.03 million contract for piling and earthworks at a service apartment project in Andaman Island, Penang, in a related party transaction (RPT).

Avaland Bhd (KL:AVALAND) Meria@Cybersouth Square has achieved a 50% take-up of its first phase launch of 49 units on Feb 22. Meria has 190 units with a gross development value (GDV) of RM366 million, and is part of Avaland’s 417-acre Cybersouth masterplan, which has a total GDV of RM1 billion.

Econpile Holdings Bhd (KL:ECONBHD) has clinched a RM27.23 million contract for substructure works for the Setia Federal Hill project (Residential Tower 1) in Kuala Lumpur.

MARC Ratings has upgraded its rating on Segi Astana Sdn Bhd’s RM415 million Asean green medium-term notes (MTN) to AA- from A+, citing improved financial performance and higher occupancy at gateway@klia2. 

Precision component manufacturer Northeast Group Bhd (KL:NE), which debuted on the ACE Market last October, is acquiring two leasehold properties in Seberang Perai Tengah, Penang for RM16.35 million, as part of its plan to accelerate production capacity expansion amid construction delays for its new factory.