Malton seeks to raise up to RM19.5m via private placement to fund ongoing property projects Of the proceeds, RM12 million will be allocated to support the group’s ongoing property development projects, including River Park (prime serviced apartments in Bangsar South with an estimated gross development value (GDV) of RM1 billion) and Park Green (low-density freehold…
Read MoreKUALA LUMPUR (Dec 4): The government has cancelled five of 12 outstanding ‘River of Life’ projects following a review, as they are deemed “less significant” towards achieving the programme’s objectives, said Minister at the Prime Minister’s Department (Federal Territories) Zaliha Mustafa. The River of Life programme, which aims to rehabilitate and beautify the Klang and…
Read MoreRadium Development acquires a 2.56-acre parcel for RM45m in Bandar Ampang, Selangor The newly acquired site, located near Kuala Lumpur City Centre and directly accessible by major highways and the Cempaka LRT Station, represents a promising transit-oriented development opportunity for Radium “with direct appeal to urban residents and businesses seeking accessibility”, stated the company. KUALA…
Read MoreKUALA LUMPUR (Dec 2): CapitaLand Malaysia Trust (KL:CLMT) on Monday entered in an agreement to acquire its first automated logistics property, Elmina Logistics Hub, for RM180 million. CLMT’s manager, CapitaLand Malaysia REIT Management Sdn Bhd (CMRM), said the property, located within the Elmina Business Park in Selangor, features a state-of-the-art automated storage and retrieval system,…
Read MoreKUALA LUMPUR (Dec 3): Construction and trading group Pesona Metro Holdings Bhd (KL:PESONA) has secured a RM181.8 million contract for the construction of two blocks of 28-storey condominiums in Cyberjaya. The developer of the project, comprising 606 units of condominiums on Persiaran Semarak Api in Cyber 11, is Lakefront Residence Sdn Bhd, a wholly-owned subsidiary…
Read MoreKUALA LUMPUR (Dec 3): Property developer Encorp Bhd (KL:ENCORP) announced on Monday that it has removed its group chief executive officer, Hazurin Harun, with immediate effect following an internal investigation by the board of directors. Hazurin, who was suspended from the group CEO role in August, was charged by the Malaysian Anti-Corruption Commission (MACC) in…
Read MoreKUALA LUMPUR (Dec 3): Sunway Bhd (KL:SUNWAY) founder and executive chairman Tan Sri Jeffrey Cheah Fook Ling (pictured), and his private vehicle Sungei Way Corp Sdn Bhd, have sold a combined total of 100 million shares in the diversified company for RM485 million or RM4.85 per share. The company’s bourse filings on Monday showed that…
Read MoreKUALA LUMPUR (Dec 3): Additional compensation payments totalling RM200,000 for the acquisition of land from 11 flat unit owners in Kampung Sungai Baru, Kampung Bharu here, have been disbursed to the applicants, said Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa. She explained that these individuals were among 75 applicants who submitted…
Read MoreKUALA LUMPUR (Dec 3): Construction outfit Binastra Corp Bhd (KL:BNASTRA) on Tuesday said it had bagged a building contract worth RM327.74 million to build two blocks of a 58-storey serviced apartment for The Vividz @ Bukit Jalil project. According to a bourse filing, the contract was awarded by Exsim Bukit Jalil City Sdn Bhd to…
Read MoreIts revenue for the quarter jumped 42.5% to RM16.5 million from RM11.58 million a year earlier. KUALA LUMPUR (Nov 29): Nextgreen Global Bhd (KL:NGGB) saw a more than fourfold increase in its net profit for the third quarter ended Sept 30, 2024 (3QFY2024), driven by strong performance in its manufacturing segment. The group’s net profit…
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