News about myedgeprop

KUALA LUMPUR (Jan 12): Building costs rose in December 2025, driven by higher cement and sand prices, data from the Department of Statistics Malaysia (DOSM) showed.

KUALA LUMPUR (Jan 12): JAKS Resources Bhd (KL:JAKS) has agreed to sell its 100% stake in JAKS Solar Nibong Tebal (JSNT) to Sunview Group Bhd (KL:SUNVIEW) unit, Sunview Asset Management Sdn Bhd, for RM15 million in cash plus up to RM40 million owed by JSNT.

KLANG (Jan 12): Ancubic Group of Companies’ Rosedale commercial component located in Klang, Selangor has been fully sold out.

KUALA LUMPUR (Jan 12): Wyndham Hotels & Resorts has opened five new hotels and signed three additional properties in Malaysia in 2025, reflecting the growing confidence in the hospitality group’s brand portfolio and strategy, as well as strong demand across Malaysia’s tourism sector.

KUALA LUMPUR (Jan 12): IGB Bhd's (KL:IGBB) associates have disposed of UK-based assets, including the St Giles Hotel London, for a total of £220 million (RM1.

KUALA LUMPUR (Jan 9): Property developer Global Oriental Bhd (KL:GOB) said it is disposing of 18 retail units in its Pavilion Embassy project in Kuala Lumpur for RM35 million to pare its borrowings.

KUALA LUMPUR (Jan 12): Trading of Sunway Bhd (KL:SUNWAY) and IJM Corporation Bhd (KL:IJM) shares is being suspended from 9am on Monday, pending a material announcement, according to their filings with Bursa Malaysia.

KUALA LUMPUR (Jan 9): KEB Bhd has filed its prospectus with Bursa Malaysia for a proposed initial public offering (IPO) on the ACE Market, as the property developer seeks to raise funds to finance further land acquisitions to replenish its development pipeline.

The group said Iconic Medicare has entered into a tenancy agreement with optical module contract manufacturer Aperion Technologies (Malaysia) Sdn Bhd to rent the factory for a minimum period of six years, with options to renew for a further four years.

Judge Datuk Dean Wayne Daly also ruled that The Wharf’s joint management body (JMB) which filed the suit against developer Unique Harvests Sdn Bhd, a member of the Interhill Group, in Miri does not have locus standi (legal standing) to initiate the claim as it was only formed in 2023.