News about industrial

The two leasehold parcels have a combined area of approximately 17,013 sq m and include two factory buildings which are fully occupied.

This acquisition makes the group’s first expansion into East Malaysia, underscoring its commitment to broadening its geographical footprint and reinforcing its long-term growth strategy.

EBP 7 is 55% owned by Eco World Development Group Bhd (KL:ECOWLD), 30% by SD Guthrie, and 15% by Negeri Sembilan state agency NS Corporation.

Under the SPA, Pharmaniaga Logistics has already paid a 10% deposit of RM3 million, with the remaining RM27 million to be settled in installments as stipulated in the agreement.

Phase 1 will see BYD as the anchor investor at KLK TechPark with a 150-acre facility.

Nexus Industrial Hub is a freehold light industrial development located in Jawi, Nibong Tebal, Penang, within proximity to Sungai Bakap and the thriving Batu Kawan Industrial Park.

The property developer inked a conditional share sale agreement with the Yap brothers, executive chairman and managing director Datuk Seri Yap Ngan Choy and executive director Datuk Yap Fook Choy, to acquire the entire equity interest in NCT World Sdn Bhd.

"In addition, the 13MP also targets the construction of one million affordable housing units over 10 years by the government and private developers, integrating public housing at more reasonable prices.

In a bourse filing, the company said former CEO, Datuk Loh Yuen Tuck has agreed to a consent award, under which Sentoria will pay RM142,800.

The project is scheduled to be completed within 13 months, starting from July 30, and is expected to contribute positively to Econpile’s revenue and earnings from the financial year ending June 30, 2026 onwards.