MRCB-IJM Land merger called offThe proposed merger between Malaysian Resources Corp Bhd (MRCB) and IJM Land Bhd has been scrapped after both parties failed to agree on the terms of the memorandum of understanding which expired on Dec 29.

Low Yat Group to buy AP Land for RM305 milAsia Pacific Land Bhd (AP Land) has received an offer from major shareholder Low Chuan Holdings to buy its entire assets and liabilities for RM305.2 million or 45 sen per share, according to a Bursa announcement on Jan 11. Low Chuan Holdings is the investment vehicle of the Low Yat Group, which holds a 33.98% stake in AP Land.

Jetson buys land in Penang Kumpulan Jetson Bhd, through its 51%-owned subsidiary Jetson Development Sdn Bhd, has acquired three tracts of land in Penang from Malaysia Building Society Bhd for RM14 million. It announced on Jan 18 that the tracts, measuring 21,671, 23,277, and 3,346 sq ft, are situated in George Town.

Glomac to buy 200 acres of land in PuchongGlomac Bhd is acquiring 200 acres of leasehold land in Bandar Metro Puchong in Puchong, Selangor, for RM77 million.

S P Setia acquires 265.7-acre land in Johor S P Setia Bhd is purchasing a 265.7-acre piece of land in Johor Baru for RM125.78 million, it announced on Jan 28. On the same day, its unit Setia Indah Sdn Bhd entered into a conditional sale and purchase agreement with Kenyalang Property Development Sdn Bhd for the land, which will be developed into a mixed residential project.

Ireka bags RM27.58 million job from VietnamIreka Corp Bhd's wholly-owned subsidiary Ireka Engineering and Construction Vietnam Co Ltd has been awarded a contract by Vietnam-based Hoa Lam-Shangri-La Healthcare LLC to construct the proposed City International Hospital worth RM27.58 million in Hi-Tech Healthcare Park (IHHP) in Ho Chi Minh City.

Prasarana’s property play Syarikat Prasarana Negara Bhd is firming up plans to develop property projects along the proposed Sungai Buloh-Kajang mass rapid transit (MRT) alignment, which will allow the government to directly benefit from the expected surge in property value. Prasarana is a government-owned entity that owns assets and provides public transport services.

Sunway unit gets RM37.4m job to upgrade Ipoh airportSunway Holdings Bhd’s wholly-owned subsidiary Sunway Construction Sdn Bhd has secured a contract worth RM37.36 million from the Ministry of Transport for the proposed upgrading of the Sultan Abdul Aziz Shah Airport in Ipoh.

KUALA LUMPUR: The death toll has doubled to four and two more people are feared to have drowned as the flood situation in Kedah and Perlis continued to worsen this evening, with almost 50,000 moved to relief centres.

KUALA LUMPUR: The proposed acquisition of Sunrise Bhd by UEM Land Holdings Bhd will enable Sunrise to realise its value over a shorter period of time while allowing it to be part of a potential regional player, said Sunrise executive chairman Datuk Tong Kooi Ong.