Latest news

Sunway Bhd, through its wholly-owned subsidiary Sunway Melawati Sdn Bhd, has entered into a sales and purchase agreement with Viva Impian Sdn Bhd to acquire a parcel of 17.58-acre prime freehold land in Taman Taynton for a purchase consideration of RM320 million.

KUALA LUMPUR (Oct 2): RHB Research said Malaysia is poised to become the largest data centre (DC) hub in the region, with Johor as the new DC capital, bringing online at least 1.4 Gigawatt (GW) over the next three years, while it shrugs off concerns about potential oversupply.

Plenitude Bhd (KL:PLENITU) has appointed chief financial officer (CFO) Ang Kooi Yong as its new chief executive officer, effective immediately.

Ho Hup Construction Company Bhd (KL:HOHUP) said its 52%-owned unit, Golden Wave Sdn Bhd (GWSB), has obtained an interim restraining order from the High Court in Kota Kinabalu, shielding it from legal actions by its creditors.

Telekom Malaysia Bhd (KL:TM) data centre joint venture (DC JV) with Singtel could potentially contribute RM80 million to RM85 million in earnings to the group, or 4% of group profit after tax and minority interests in FY2027, according to RHB Research in a note on Wednesday.

Noteworthy:

• Leasehold
• Built-up size: 11,000 sq ft
• Land size: 15,000 sq ft
• 6 bedrooms, 8 bathrooms
• Semi-furnished
• Nearby amenities: International University of Malaya-Wales, Dataran Merdeka, Asia School of Business (ASB) Academic, Perdana Botanical Garden
• Accessibility: SPRINT (Damansara, Penchala, and Kerinchi Links), Lebuhraya Sultan Iskandar, Jalan Kuching, Jalan Tuanku Abdul Halim, Jalan Parlimen, Jalan Duta-Sungai Buloh Highway

When: August 2024

... measuring approximately 48,690 sq ft, in Kota Kinabalu, Sabah.

Spread across a 3.47-acre tract, the TOD project will be situated 20m away from the under-construction Dato Menteri LRT station, which is part of the ongoing LRT 3 project.

Under the MOU, PMB Aluminium will rent part of HALO for a minimum period of three years, accommodating at least 350 of its workers.