The recapitalisation also includes a proposed asset injection involving selected property-related assets valued at up to RM50 million, to be acquired by Ireka at a "mutually agreed discounted valuation based on an independent assessment".
The scheduled hearing of the petition filed by Wisma Majujaya Sdn Bhd has been deferred to Jan 20, 2026, after Bina Puri filed a last-minute stay of proceedings, citing the group’s scheme of arrangement.
Deputy Works Minister Datuk Seri Dr Ahmad Maslan said his ministry consistently assists developers and local authorities in strengthening quality standards and sustainable environmental practices via training and briefings, through CIDB.
IJM said the contract was awarded by Pearl Computing Malaysia Sdn Bhd, a subsidiary of Raiden APAC Pte Ltd, to its wholly-owned unit IJM Construction Sdn Bhd.
The tool will serve as a benchmarking system for contractors to evaluate the level of digital integration within their operations.
Net profit increased to RM39.
Shaiful succeeds Syahrunizam Samsudin, who resigned at the end of August to take the helm of independent power producer Malakoff Corp Bhd.
Effective July 1, 2025, the measures include a one-year exemption for non-reviewable contracts, separation of taxable service and non-taxable material components in mixed contracts, and exemption for residential portions in mixed developments.
The improved earnings were attributed to accelerated progress billing for the KL 48 project, as well as lower administration expenses and finance costs.
An open tender for the second main civil works package (CMC2)—which covers the alignment from Macallum to Penang Sentral, including a bridge across the Penang Strait—will be launched soon.
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