KUALA LUMPUR (Aug 4): Analysts are upbeat on Sunway Bhd’s purchase of a 245-acre (99.15-hectare) freehold industrial land in Kuang, Rawang for RM115 million. In a note, Hong Leong Investment Bank (HLIB) Research analyst Tan Kai Shuen said he had a positive view of the acquisition, given its strategic location and good connectivity to the…
Read MoreKUALA LUMPUR (Aug 3): Sunway Bhd’s property arm Sunway Property, through its wholly owned subsidiary Sunway Rawang City Sdn Bhd (SRCSB), has signed an agreement to acquire 99.15 ha at Kuang, Rawang from Kauthar Equities Sdn Bhd for RM115 million. The acquisition and proposed development of the land will be carried out via a joint…
Read MoreKUALA LUMPUR (Aug 3): The first large language model purpose-built for the commercial real estate (CRE) industry was unveiled by JLL yesterday. Dubbed the JLL GPT, the bespoke generative artificial intelligence (AI) model created JLL Technologies (JLLT, the technology division of JLL) will be used by the company’s staff around the world to provide “CRE…
Read MoreKUALA LUMPUR (Aug 3): Malaysian Resources Corp Bhd’s (MRCB) net gearing levels could surpass 0.49 times if it undertakes the redevelopment of transport hub KL Sentral simultaneously with that of the Shah Alam Sports Complex, said Hong Leong Investment Bank (HLIB) Research. In a note on Thursday (Aug 3), analyst Edwin Woo said rough calculations…
Read MoreKUALA LUMPUR (Aug 2): Four Petaling Jaya residents who filed a legal action against the Petaling Jaya Dispersal link (PJD link) wants the Selangor government to give a firm commitment to reject any future highway development in the PJ area. The four, who are part of the “Say No to PJD Link” movement led by…
Read MoreKUALA LUMPUR (Aug 1): Construction and integrated facilities management group Widad Group Bhd has appointed Saloma Mohd Jonid as its new executive director, effective Tuesday (Aug 1). Saloma, 64, has 30 years of experience in capital market and investment banking, specialising in equity and debt capital markets, project financing and credit analysis, according to the…
Read MoreKUALA LUMPUR (Aug 2): Parti Pribumi Bersatu Malaysia has questioned the right of Datuk Seri Amirudin Shari (pictured) to reject the application for the proposed Petaling Jaya Dispersal Link (PJD Link) project, since he is currently only the caretaker Selangor menteri besar. “[Can] the caretaker government or caretaker menteri besar make impactful decisions such as…
Read MoreKUALA LUMPUR (Aug 2): Kerjaya Prospek Group Bhd’s shares slid in the early trade on Wednesday (Aug 2), despite securing earthworks and infrastructure contracts from Eastern & Oriental Express Sdn Bhd and Persada Mentari Sdn Bhd worth RM46 million. At 10.05am, the construction company shares fell one sen to RM1.13, with 44,800 shares exchanging hands….
Read MoreKUALA LUMPUR (Aug 1): Avillion Bhd said its auditor has raised concerns about the loss-making property and hospitality group’s ability to continue operating as a going concern in its audited financial statements for the financial year ended March 31, 2023 (FY2023). According to its filing on Monday (July 31), its external auditor Messrs Baker Tilly…
Read MoreKUALA LUMPUR (Aug 1): Earthworks and civil engineering service provider Advancecon Holdings Bhd said it has dismissed its group chief operating officer (COO) Yeo An Thai with immediate effect due to misconduct. Yeo, 52, holds a 2.79% stake, comprising 16.08 million shares, in Advancecon, according to the group’s bourse filing on Monday (July 31). The…
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