Oil and services firm KNM Group Bhd (KL:KNM), whose share price has been trading at its lowest over the last two weeks, said its indirect wholly-owned subsidiary is being sued by MBSB Bank Bhd for allegedly defaulting on a RM116.13 million Islamic financing facility.

UK-based investment company Aberdeen Group plc, formerly known as Abrdn plc, has become a substantial shareholder in Eastern & Oriental Bhd (KL:E&O) after increasing its stake to 5.047%, representing 125.66 million shares.

Noteworthy:

• Freehold
• Built-up size: 1,028 sq ft
• Semi-furnished
• 1 bathroom
• Nearby amenities: Sunway 163, 1 Mont’Kiara, Garden International School, Mont’Kiara International School, Kuala Lumpur Golf & Country Club
• Accessibility:  SPRINT Penchala and Kerinchi Links, Jalan Duta-Sungai Buloh Highway, NKVE, North-South Expressway, Jalan Duta Kiara

When: December 2024

No order was made as to costs.

The stock began slipping thereon, hitting 23.5 sen at 9.10am after more than 11 million shares changed hands.

The properties are located in AME Elite’s industrial parks — one of them in i-Park @ Senai Airport City (priced at RM39.3 million) and the other two in i-TechValley at Southern Industrial Logistic Clusters (RM30.8 million each).

Total office space stock in the Klang Valley expanded further to 121.7 million sq ft in the fourth quarter of 2024 (4Q2024), up from 121 million sq ft as at the end of 2Q2024. 

Following the acquisition, Cyberview now controls 67 acres of freehold land — the largest landbank within the Cyberjaya City Centre. 

The contract is expected to be completed within 10 months.

KL Wellness City has achieved 50% completion ahead of schedule. The key components of this development — The KL International Hospital (KLIH) and the Noble Health Care Park are set to be completed by 2Q2026.