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A fortnight ago, IJM emerged as the largest shareholder of Pestech after subscribing for 800 million shares or a 44.

Bloomberg reported that ICD Brookfield Place's owners, Brookfield Asset Management and state-owned Investment Corp of Dubai, may sell a stake of as much as 49% in the office tower, whose tenants include JPMorgan Chase & Co and Bank of America Corp.

Malaysian regulations on redevelopment and, by extension, en bloc sales, must change, quickly.

The company and Tan have also lodged several police reports against Sanusi and bloggers Murray Hunter, Badrul Hisham Shaharin (better known as Chegubard) and Raja Petra Kamarudin, over the alleged publication of similar defamatory and untrue remarks relating to the SMG project.

TCS Group said the contract is in line with its expansion of business and strategy to increase its revenue.

These were part of efforts to garner support for EdgePropSTART's featured projects – Curvo Residences by SkyWorld Development and The Era 2 by JKG Land.

Fitters said that the disposal between its indirect wholly-owned subsidiary — Rasa Anggun Development Sdn Bhd — and Aikbee had been terminated due to Aikbee’s failure to pay the balance purchase price on or before the extended completion date.

While the termination of the controversial Petaling Jaya Dispersal (PJD) Link was welcomed by many Petaling Jaya residents and non-governmental organisations who have been calling for the project to be scrapped due to environmental and social concerns, Parti Pribumi Bersatu Malaysia (Bersatu), one of the main component parties of Perikatan Nasional (PN), has questioned the right of the caretaker Selangor government led by Menteri Besar Datuk Seri Amirudin Shari in making such an impactful decision ahead of the polls.

AWC said its unit Qudotech Sdn Bhd had on Aug 2 accepted the letter of award from CBTech (M) Sdn Bhd for the project's water and sanitary plumbing system and rainwater downpipe system for CB Land Sdn Bhd.

In a note on Thursday (Aug 3), analyst Edwin Woo said rough calculations show that net gearing levels could rise to 0.