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“We like quality assets, especially spaces that we are very familiar with,” said group managing director Datuk Seri Azmir Merican.

The increase in revenue was mainly contributed by advanced construction work progress from its ongoing projects coupled with commendable take-up of recently launched projects.

The deal will see the establishment of Tianma’s first-ever manufacturing facility outside of China, JCorp said KUALA LUMPUR (Nov 20): Johor Corporation (JCorp) is investing in a bearing manufacturing facility together with Tianma Precision Sdn Bhd, a subsidiary of Zhejiang Tianma Bearing Group Co Ltd, in Tanjung Langsat Industrial Complex in Johor in a deal worth RM440 million.

The 42-year-old was appointed CEO in August, filling the post that had then been vacant for over a year after the company terminated his predecessor Hazimi Baharum’s contract in June last year.

The project will be executed in two phases, with the first phase slated for completion within nine months, while the second phase is to be concluded in 24 months from the commencement date, which is yet to be fixed.

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The event will feature foreclosed properties, privately-listed properties, repossessed luxury vehicles, and fine art by renowned local artists.

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The development also includes affordable homes, business spaces, a hotel, a private school, and other facilities, located on multiple parcels of land.

"However, the railway station in Rantau Panjang has been out of use for almost 20 years, so a detailed study will be conducted to assess the feasibility of reviving it.