Magma said the private placement is the most appropriate fundraising route for the group, adding that the exercise is expected to strengthen its financial position while supporting ongoing business plans and capital expenditure. KUALA LUMPUR (Dec 5): Magma Group Bhd (KL:MAGMA) has proposed a private placement of up to 168.11 million new shares, representing up…
Read MoreKUALA LUMPUR (Dec 5): Gadang Holdings Bhd has entered into a sale and purchase agreement to dispose of a 3.41-hectare parcel of Rumah Selangorku (RSKU) land in Taman Akasia, Semenyih, for RM2.5 million. The freehold parcel was identified as Geran 339953, Lot 50554, Mukim Semenyih, Daerah Ulu Langat, Selangor. In a bourse filing on Monday,…
Read MoreDimina offers “a grand opportunity for discerning homebuyers to own a freehold two-storey terrace home within the mature, integrated township of Setia Alam, Shah Alam”. SHAH ALAM (Dec 5): S P Setia Bhd has launched Dimina, the fourth and final phase of its highly successful Musika Homes series in Setia Alam on Nov 25. Dimina…
Read MoreBy Brig Gen Datuk Goh Seng Toh Before pushing sweeping urban redevelopment laws, the government must first prove it can deliver on the basics — starting with Malaysia’s deeply faltering recycling programme. The question is one of institutional credibility. If a government agency cannot effectively deliver on basic, fundamental responsibilities, how can it be trusted…
Read MoreThe property will mark both IHG’s brand debut in Malaysia under the Vignette Collection and its first hotel in the state of Pahang. KUALA LUMPUR (Dec 4): IHG Hotels & Resorts is bringing its Vignette Collection brand to Malaysia for the first time through a partnership with Franky Group of Companies. The two parties have…
Read MoreThe decision was delivered in the case of Spatial Design Architects Sdn Bhd v Majlis Perbandaran Klang & Ors [2024] MLJU 3982, where the court found that any condition reserving submission rights exclusively for Registered Town Planners contravenes the Town and Country Planning Act 1976. KUALA LUMPUR (Dec 3): The High Court of Malaya has…
Read MoreThe RM1.6 billion development comprises six towers—Towers A, S, T, R, U and M—located on a 6.85-acre leasehold tract along Jalan Jelatek, that range from 24 to 48 storeys. KUALA LUMPUR (Dec 3): Setia Awan Group’s transit-oriented development, Astrum Ampang, marked a major construction milestone with the topping out of all six residential towers on…
Read MoreThe outlet is expected to serve over 62,000 residents of Seremban 2, which marks its 30th year as a master planned township. KUALA LUMPUR (Dec 3): IJM Land Bhd will introduce premium grocer Village Grocer to Seremban 2 in the fourth quarter of 2027 under a RM25 million investment. IJM Land COO Datuk Chai Kian…
Read More“What matters most is the welfare of the people of Terengganu and our country.” KUALA LUMPUR (Dec 3): Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi (pictured) will hold discussions with Terengganu Menteri Besar Datuk Seri Dr Ahmad Samsuri Mokhtar regarding warning notices issued by the state government on plantation lots owned by the…
Read MoreDeputy housing minister says 1,333 abandoned projects with GDV totalling RM126b revived as of Oct 31 Deputy Minister Datuk Aiman Athirah Sabu: To ensure developers take this issue seriously, the ministry has taken stern action, including prosecution, compounds and blacklisting developers who fail to comply with regulations under Act 118. KUALA LUMPUR (Dec 2): A…
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