Lim Seong Hai launches ACE Market IPO prospectus, seeks to raise up to RM168m
The IPO, priced at 88 sen per share, comprises 132 million new shares and an offer for sale of 59 million existing shares, according to the prospectus released on Friday.
How Urban Renewal Act proposals contravene Federal Constitution
Our concerns regarding the proposed URA are well founded and highlight critical legal and constitutional issues.
Zaliha: Govt studying city congestion charge, report expected by year end
A congestion charge is a fee imposed on vehicles entering certain busy areas, usually city centres, to reduce traffic congestion and encourage public transport use.
Govt committed to ensuring Urban Renewal Act will not result in forced evictions or alter land status, says Anwar
“Under the proposed Act, the government has no right to relocate any owners.
Urban Renewal Act: draft Bill open for public feedback until March 7
According to the draft, the consent threshold for participation is as follows: 80% for buildings of 30 years, 75% for buildings more than 30 years, and 51% for abandoned buildings.
Exsim Hospitality secures RM13m interior design contract for D’Velada project in Bukit Jalil
Under the contract, Exsim Concepto will serve as the nominated sub-contractor for interior design works covering common areas and unit carpentry for the 42-level serviced apartment, which features 508 residential units, three strata shop units, and various facilities.
Fadillah: Govt reviewing electricity tariff adjustment for Kulim Hi-Tech Park to align with scheduled Peninsular Malaysia hike
“The government will consider allowing them [including industry players at KHTP] to apply for the new electricity tariff to be implemented simultaneously with the rest of Peninsular Malaysia in July — we are evaluating this due to its financial cost implications.
MGB posts 22% rise in 4Q net profit on higher other income, pays 1.52 sen dividend
According to MGB, the improvement in FY2024 was predominantly attributed to its property development segment’s fourfold leap in revenue to RM483.
SUKE subcontractors file RM500m lawsuit against Prolintas subsidiary, alleging corruption and conspiracy
While some of the variation works were "acknowledged" and paid by Turnpike, Turnpike did not revise the contract price to reflect these variations, they said.
Lim Seong Hai gets AmInvestment Bank to underwrite IPO’s retail offering
The proposed IPO involves a public issue of 132 million new shares and an offer for sale of 59 million existing shares at a price to be determined later, according to its draft prospectus filed in October 2024.
