Construction firm Gagasan Nadi Cergas Bhd (KL:NADIBHD) said it has received government approval to acquire only a majority stake, and not a 100% stake, in Konsortium PAE Sepakat Sdn Bhd (KPSSB), which owns a facility management concession for student hostel facilities in seven polytechnic campuses.

Fraser & Neave Holdings Bhd (KL:F&N) has proposed to dispose of its half stake in a non-core property asset in Petaling Jaya for about RM180 million to focus on growing its dairy farm business.

The planned RM2.95 billion industrial park in Negeri Sembilan is set to begin development following the completion of the acquisition of 1,195 acres of land in Port Dickson, said SD Guthrie Bhd (KL:SDG) on Thursday.

Sime Darby Property Bhd achieved its first-ever recognition at The Edge Billion Ringgit Club (BRC) 2025, winning the Highest Returns to Shareholders Over Three Years Award in the Property Sector for RM3 billion and above market capitalisation category.

Sentral REIT (KL:SENTRAL) said Teh Wan Wei has stepped down as CEO of the investment trust's manager, Sentral REIT Management Sdn Bhd, with immediate effect.

Noteworthy:

• Freehold
• Built-up size: 651 sq ft
• 2 bedrooms, 1 bathroom
• Semi-furnished
• Nearby amenities: The Waterfront, Plaza Arkadia, ParkCity Medical Centre, The International School ParkCity
• Accessibility: Sri Damansara Sentral (MRT Putrajaya Line) and Kepong Sentral (KTM train line) LDP, MRR2, Penchala Link, DUKE Highway, SPRINT Highway, NKVE, PLUS

When: May 2025

LB Aluminium Bhd (KL:LBALUM), which is involved in the aluminium and property development businesses, posted a 30.9% year-on-year increase in first-quarter earnings, lifted by stronger contributions from its property segment on the back of higher sales.

The High Court has struck out KL Tower food and beverage concessionaire Asian Kitchen (M) Sdn Bhd’s case against Communications Minister Datuk Fahmi Fadzil and the government over the debacle in relation to the operations of the iconic tower.

TXCD Bhd’s wholly-owned unit Ageson Kensetsu Sdn Bhd has secured a new RM75.86 million construction contract in Sepang after ending an earlier agreement with Mateen Group Sdn Bhd, according to its exchange filing yesterday.

The Housing and Local Government Ministry (KPKT) will introduce the Certificate of the Auditor-General and the Public Service Corruption Rating by the Malaysian Anti-Corruption Commission as two new indicators under the Local Authority Star Rating System (SPB-PBT) starting 2026.