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The terminations are due to the REIT's unsuccessful bids to the Energy Commission to participate in the CGPP, according to its filing to Bursa Malaysia on Friday.

Ariffin will be replacing Tengku Datuk Seri Ahmad Shah Ibni Almarhum Sultan Salahuddin Abdul Aziz Shah, who will be retiring from the position.

The appointment follows the recent stepping down of Datuk Mircle Yap Ching Chai, who will now serve as a non-independent non-executive director of the group, the property developer said in a statement.

He succeeded Teh Heng Chong, who has resigned to pursue his personal interest.

The group said its wholly owned subsidiary Xepa-Soul Pattinson (Malaysia) Sdn Bhd had entered into a sale and purchase agreement with Panasonic Appliances Refrigeration Devices Malaysia Sdn Bhd (PAPRDMY) for the proposed acquisition.

CEO, Southeast Asia, JLL Chris Fossick: Malaysia’s standing as one of Asia Pacific’s most dynamic real estate markets owes much to the leadership and drive of YY.

The research house said IJM Corp’s job replenishment trend has improved, and the group is well-positioned to take on upcoming major projects, such as the civil work packages for Mass Rapid Transit 3, the New Pantai Expressway extension — estimated at RM1 billion — and to be supported by some warehouse and semiconductor facilities projects.

The segment's operating profit grew to RM45.

The group’s property development segment’s revenue increased 42% to RM463.

Comprising 280 rooms across 13 storeys with room sizes ranging from 220 sq ft (square feet) to 650 sq ft, ASAI Gamuda Cove has a total built-up area of 180,000 sq ft and it is slated to open in 1Q2026.