Perak Corp expects RM26.6 mil gain from land development entitlement
Perak Corp anticipates an estimated gain of RM26.
Perak Corp anticipates an estimated gain of RM26.
Data centre-related contracts account for about 15% of IJM’s RM6 billion outstanding order book SHAH ALAM (Feb 13): Data centre jobs in Malaysia appear intact despite the US’ attempt to curb exports of advanced chips thanks to strong demand for digital infrastructure, said IJM Corporation Bhd (KL:IJM).
The sale of the land by Matrix Concepts' 85%-owned subsidiary, N9 Matrix Development Sdn Bhd, to Kuntum Kemuning Sdn Bhd, a company involved in property investments, is deemed a related-party deal as Matrix Concepts’ managing director Ho Kong Soon is also the sole shareholder of Kuntum Kemuning.
Binastra said this contract represents its first accomplishment for the new financial year ending Jan 31, 2026 (FY2026).
The business will provide IJM Corp with recurring income once operations commence in the first quarter of 2027, said its chief executive officer Datuk Lee Chun Fai.
Additionally, SCIB is seeking a court order to compel Awana to discharge SCIB as the corporate guarantor for the loan facility within 30 days from the date of judgment.
The contract is deemed a related-party transaction as Casa Inspirasi is an indirect subsidiary of LBS Bina, while LBS Bina's group executive chairman and largest shareholder Tan Sri Lim Hock San is also MGB’s group executive chairman.
The contract was awarded to its wholly owned unit Kitacon Sdn Bhd by Sime Darby Property (BBR3 Asset 1) Sdn Bhd, a wholly owned subsidiary of Sime Darby Property Bhd (KL:SIMEPROP).
The Practice Note 17 (PN17) company, whose largest shareholder is the Perak State Development Corp with a 52.
According to RHB, the current expansion will see Mawar Medical Centre’s bed capacity increasing from 88 to 109 upon completion.