Property developer Meridian Bhd’s (KL:MERIDIAN) external auditor Morison LC PLT said they issued a disclaimer of opinion for the company’s financial year ended May 31, 2025 (FY2025) accounts due to serious financial issues, including missing records that prevented verification of opening balances.

Mah Sing Group Bhd’s (KL:MAHSING) newly launched M Zenni development in Batu Maung, Penang, has achieved a 70% take-up rate.

Electronic circuit board maker GUH Holdings Bhd (KL:GUH) plans to expand into advanced printed circuit boards (PCBs) and launch a RM1.2 billion property project in Simpang Ampat, Penang, as part of plans to grow the company.

Varia Bhd (KL:VARIA) has lodged a sukuk murabahah programme of up to RM3 billion with the Securities Commission Malaysia.

Noteworthy:

• Built-up size: 1,595 sq ft  
• Semi-furnished
• Nearby amenities: AEON BiG, Jaya One, Celebrity Fitness, Gasket Alley, Digital Mall, Amcorp Mall
• Accessibility: Asia Jaya LRT Station, Kelana Jaya LRT line, LDP, Spirit Highway, Federal Highway, NPE

When: June 2025

Matrix Concepts Holdings Bhd (KL:MATRIX) has signed a memorandum of understanding (MOU) with logistics company Golog Holdings Sdn Bhd (Golog) to jointly develop the China-Malaysia Air Silk Road Dual Hub Industrial Park in MVV TechValley at Negeri Sembilan.

S P Setia Bhd’s wholly owned subsidiary, Setia EcoHill Sdn Bhd, has entered into a joint venture with property investment company Mitsui Fudosan (Asia) Malaysia Sdn Bhd to develop a residential project with a GDV of RM1.3 billion in its flagship township of Setia EcoHill, Semenyih.

Advancecon Holdings Bhd (KL:ADVCON) said the group has secured a favourable adjudication decision against China Communication Construction (ECRL) Sdn Bhd (CCC) in relation to a payment dispute involving the East Coast Rail Link (ECRL) project.

Construction firm GDB Holdings Bhd (KL:GDB) has proposed a private placement of 93.75 million new shares, representing about 10% of its issued share capital, to independent third party investors Datuk Seri Chan Leng Sam and Datuk Seri Voon Thien Loong.

SS15 Subang Jaya, once almost synonymous with shisha cafes, bubble tea queues, and a buzzing student crowd, is quietly building a reputation for something else—sustained growth in property values across the board.