The group said its total net assets surpassed RM10.8 billion.

Forbes said Allgreen’s Valerian Residential placed the highest bid of S$730 million (US$544 million/RM2.537 billion) for the 99-year leasehold site on Zion Road, about three kilometres south of Orchard Road.

As of July 3, the issued share capital of Crescendo was 280.46 million including 1.04 million treasury shares.

With a gross development value of RM1.6 billion, GIM features three towers with a total of 1,885 serviced apartments and hotel rooms, as well as a retail space of 17,800 sq ft. 

The offer price represents a premium of 28% from the last closing price.

Eversendai Corp Bhd (KL:SENDAI) has teamed up with a unit of Abu Dhabi-based Emirates Steel Arkan Group (ESA), for the development of the Trojena Ski Village project in Saudi Arabia.

Genting Plantations Bhd’s (KL:GENP) recent acquisition of land in Bogor, Greater Jakarta, will increase its estimated end-FY2025 net debt of RM1.23 billion (22% net gearing) to RM1.58 billion (29% net gearing), which remains manageable. 

Sabah has confirmed that is has been given full control to run its own MM2H (Sabah-MM2H) programme after the state and federal authorities ironed out their issues.

Construction company Ingenieur Gudang Bhd (KL:INGENIEU) reported a net profit of RM6.48 million for the second quarter of its financial year 2024 (2QFY2024), driven by gains from asset disposals and higher construction revenue.

Genting Plantations Bhd (KL:GENP), in which Genting Bhd (KL:GENTING) owns a 55.4% stake, is planning to buy two plots of land in Indonesia for RM593 million, for property development.