News by theedgemalaysia.com

Malaysian Pacific Industries Bhd (KL:MPI) is disposing of two parcels of land in Bayan Lepas, Penang for a total cash consideration of RM140 million.

Seremban-based property developer Matrix Concepts Holdings Bhd (KL:MATRIX) is divesting 38.65 acres of land in the town for RM90.91 million in a related-party transaction.

Prime Grade A office space in Asia-Pacific is set to increase by 7% in 2025, up from 4% in 2024, with over 40% of new supply concentrated in mainland China, according to the Knight Frank’s Asia-Pacific 4Q2024 Office Highlights report.

Construction outfit Binastra Corp Bhd (KL:BNASTRA) has bagged a RM250.37 million contract to build a six-storey data centre in Cyberjaya, Selangor for AIMS Group, which is owned by New York-listed DigitalBridge Group Inc.

IJM Corp Bhd (KL:IJM), through its joint-venture (JV) company Exio Logistics Sdn Bhd, will invest RM460 million in a new logistics hub in Sungai Buloh to support Malaysia’s supply chain and e-commerce.

Malaysian businessmen Dennis Teen avoided jail time in Australia after he was found guilty for a A$3.4 million (RM9.6 million) “kickback” as part of a property sale to Mara Inc, according to news.com.au.

As part of the lawsuit, SCIB is seeking several court declarations to safeguard its financial interests and legal standing.

This raises the construction and property developer’s outstanding order book to RM1.27 billion. 

Kumpulan Kitacon Bhd (KL:KITACON) announced on Monday that it has secured a RM104.3 million building works contract.

IOI Properties Group (KL:IOIPG) may be added to the FTSE Bursa Malaysia KLCI — the top 30 largest stocks by market capitalisation — by late 2025 or 2026, according to Hong Leong Investment Bank (HLIB).