China Communications Construction (ECRL) Sdn Bhd (CCC-ECRL) said it has "wholly disputed" an alleged outstanding payment claim of RM15.22 million made by a subsidiary of Advancecon Holdings Bhd (KL:ADVCON) in relation to the latter's works on the East Coast Rail Link (ECRL) project.
Aveo Group, an Australian retirement-living operator in which Mulpha International Bhd (KL:MULPHA) has an indirect 15% stake, will be sold to another firm Down Under, according to news reports.
Bonia Corp Bhd (KL:BONIA) is acquiring the remaining 10% stake in its property investment subsidiary, Casa Bologna Sdn Bhd (CBN), from One Seafood F&B Sdn Bhd for RM2.1 million.
IGB Real Estate Investment Trust (KL:IGBREIT) on Tuesday announced that it is planning to buy the Mid Valley Southkey Mall in Johor Bahru for RM2.65 billion in a cash-and-units deal, marking its maiden foray into Johor.
Hektar Real Estate Investment Trust (KL:HEKTAR) plans to acquire a 90% equity stake in Terramark Sdn Bhd, which owns a 197.76-acre leasehold land in Perlis earmarked for a private solar farm project.
UEM Sunrise Bhd (KL:UEMS) no longer plans to build a data centre at the 74-acre site of its botched Logos Infrastructure Holdco Pte Ltd deal, with officer-in-charge and chief financial officer Hafizuddin Sulaiman saying that it is in talks to sell the land.
UEM Sunrise Bhd (KL:UEMS) expects little impact from the expanded Sales and Service Tax (SST) as most of its new projects are residential and mostly exempt from the 6% tax on construction services, said its officer-in-charge and chief financial officer Hafizuddin Sulaiman.
Noteworthy:
When: January 2025
Spanning approximately 43,000 sq ft, the new facility marks Harvey Norman’s first standalone, solar-powered outlet in Malaysia and is scheduled to open in October 2025.
The project, located at Lot 104295, Jalan Tiara in Taman Mutiara Bukit Jalil, was awarded by Sunway Flora Sdn Bhd.
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