Noteworthy:
When: April 2024
Soaring Success Sdn Bhd, a company linked to the Loh family, has emerged as the largest shareholder in Oriental Holdings Bhd (KL:ORIENT), while some family members have been excluded from ownership.
Singapore Telecommunications Ltd, commonly known as Singtel, is believed to be the latest international company to be setting up a data centre in Johor, Malaysia.
Crescendo Corp Bhd (KL:CRESNDO) announced another land sale to a data centre company. This time around, the property developer is selling a parcel of land in Pulai for RM115.88 million, cash.
Hektar Asset Management Sdn Bhd, the manager of Hektar Real Estate Investment Trust (KL:HEKTAR), has announced the resignation of its executive director and CEO Johari Shukri Jamil effective immediately.
Mechanical and electrical services specialist Bintai Kinden Corp Bhd (KL:BINTAI) has secured two sub-contracts with a combined value of RM22.3 million to build double-storey houses in Muar, Johor.
S P Setia Bhd (KL:SPSETIA) says it has started pre-IPO (initial public offering) preparatory works to explore the establishment of a real estate investment trust that will have a diverse asset portfolio.
S P Setia Bhd (KL:SPSETIA), which previously failed to sell its 959.72-acre Tebrau land to Scientex Bhd (KL:SCIENTX) due to Bumiputera requirement issues, has finally sold the plot to a company linked to tycoon Tan Sri Syed Mokhtar Albukhary for RM564 million, cash.
Lawyer Lai Chee Hoe said the MACC had raided his office on June 4 to investigate his firm, which acted as lawyers in a strata management dispute for one of the parties in court.
The company did not disclose the buyer but identified it as “a leading global data centre industry player”.
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