Builder Tuju Setia Bhd (KL:TJSETIA) has bagged a RM247.95 million contract from Sime Darby Property Bhd (KL:SIMEPROP) to construct two blocks of service apartments with a gross development value (GDV) of RM597.2 million in USJ 7, Subang Jaya, Selangor.
Magma Group Bhd (KL:MAGMA) said Impiana Selo Tioman Resorts Sdn Bhd, a 75%-owned unit of the hospitality group, is being sued by two individuals over an alleged breach of a sale and purchase agreement relating to five parcels of land in Tioman, Pahang.
The offer price represents a premium of 11% to SMI’s closing price of 40.5 sen on Monday.
IJM rose as much as 20 sen or over 6% to RM3.40, its highest since Aug 2, 2024.
The design approach for Discovery City prioritises the harmonious integration with Johor's natural surroundings.
"This is especially important considering the significant multiplier effect on more than 140 industries, which will positively impact the overall economy."
The development is spread across a 27.58-acre freehold tract and has a gross development value of RM98 million.
Quarterly revenue grew 25.2% to RM245.8 million from RM196.4 million in the previous year.
The development will include serviced apartments, small office home office, small office virtual office, and shop offices.
The increase was attributed to higher selling prices and sales volumes of crude palm oil and palm kernel, lower production costs, and a reduced fair value loss on unharvested fruit.
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