Property group Mulpha International Bhd (KL:MULPHA), which has been focusing its activities in Australia in recent years, has proposed to buy a 6.46-hectare land in New South Wales state for A$68.09 million (RM196.78 million).
UEM Sunrise Bhd (KL:UEMS) has announced the resignation of its chief executive officer, Sufian Abdullah, which will take effect from Feb 28, 2025.
The government has cancelled five of 12 outstanding 'River of Life' projects following a review, as they are deemed "less significant" towards achieving the programme’s objectives, said Minister at the Prime Minister’s Department (Federal Territories) Zaliha Mustafa.
The construction sector in Malaysia is set to achieve its strongest year since 2016, driven by a surge in project roll-outs from both the public and private sectors, analysts from RHB said.
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.
As at end-September, the group’s cash and bank balances totalled RM747.43 million, while borrowings stood at RM1.60 billion, according to its latest financial statements.
The contract was awarded by Exsim Bukit Jalil City Sdn Bhd to Binastra’s wholly owned subsidiary Binastra Builders Sdn Bhd.
RHB Research said it expects SimeProp's two data-centre projects, both for Pearl Computing Malaysia, to bring RM380 million in rental income per year, translating to RM170 million to RM180 million in annual net profit.
He has, however, denied the charges and claimed trial.
The consortium came out to explain the variation of its proposal compared to certain requirements underlined by the state in its request for proposal were "best explained and clarified in a face-to-face meeting".
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