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Sunway fails in bid to take over IJM

Sunway fails in bid to take over IJM

news

Updated:
  • Sunway said: We respect the decision of IJM shareholders and the outcome of the process.
  • It only achieved 33.43% acceptance by the offer's closing date.
  • Sunway had signalled from the outset that it would not revise its terms.
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Y&G triggers another extension for 548-acre Sepang-Kuala Selangor land buy

Y&G triggers another extension for 548-acre Sepang-Kuala Selangor land buy

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Updated:
  • Y&G Corp Bhd has extended the completion period for its Sepang land acquisition to July 6, 2026.
  • The extension was mutually agreed upon by NWSB and NSSB, with all other terms unchanged.
  • This acquisition is part of a larger plan to secure 548.4 acres for RM477 million from related parties.
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Penang to conduct legalisation for People's Housing Projects, State Rental Homes

Penang to conduct legalisation for People's Housing Projects, State Rental Homes

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Updated:
  • The Penang government will legalise People’s Housing Projects with rental arrears over RM2 million.
  • Over 30% of tenants may need to vacate due to income limits of RM1,500 or less.
  • Initial notices have been issued to tenants at Taman Manggis PPR, with a three-month deadline to vacate.
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Nga: KPKT mobilises RM40 bil SJKP to assist 100,000 first-time homebuyers

Nga: KPKT mobilises RM40 bil SJKP to assist 100,000 first-time homebuyers

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Updated:
  • Malaysia is expanding its housing credit guarantee scheme to assist 100,000 first-time homeowners this year.
  • An additional RM10 billion has been allocated, raising the total fund to RM40 billion for the SJKP.
  • The government is committed to maintaining price stability and monitoring projects to prevent delays.
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PTT Synergy enters RM900,000 monthly lease deal; secures RM31.68 million job in Elmina East, Shah Alam

PTT Synergy enters RM900,000 monthly lease deal; secures RM31.68 million job in Elmina East, Shah Alam

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Updated:
  • PTT Synergy Group Bhd has signed a long-term warehouse automation deal with Mydin and Sime Darby.
  • The agreement includes a 15-year lease for an automated system, generating stable rental income.
  • Additionally, PTT's subsidiary received a RM31.68 million contract for earthworks in Klang.
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IJM says no knowledge of Sunway's pre-offer discussion with shareholders, reaffirms rejection of takeover bid

IJM says no knowledge of Sunway's pre-offer discussion with shareholders, reaffirms rejection of takeover bid

news

Updated:
  • IJM Corp Bhd stated it was unaware of any pre-offer discussions Sunway Bhd had with shareholders.
  • The company stressed that the offer must be assessed in its proper strategic context.
  • IJM expressed concerns over potential role limitations post-acquisition, which could affect shareholder value.
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Kerjaya Prospek bags RM98.8 mil private hospital contract in Seremban

Kerjaya Prospek bags RM98.8 mil private hospital contract in Seremban

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Updated:
  • Kerjaya Prospek Group Bhd has secured a RM98.79 million contract for a private hospital in Seremban 2.
  • The project includes main building works and is set for completion within 18 months.
  • The contract is expected to positively impact earnings for the financial years 2026 to 2027.
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KLK Land to open Coalfields Retail Park on Aug 20 with 85% occupancy secured

KLK Land to open Coalfields Retail Park on Aug 20 with 85% occupancy secured

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Updated:
  • KLK Land is set to open Coalfields Retail Park on August 20, 2026, with 85% occupancy secured.
  • This 21-acre hybrid retail park in Sungai Buloh features diverse tenants and is linked to a lakeside park.
  • The development aims to serve a growing community of over one million people within a 20-minute drive.
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From startup to scale: E Trend Realty’s nationwide growth story

From startup to scale: E Trend Realty’s nationwide growth story

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Updated:
  • E Trend Realty Sdn Bhd has rapidly expanded to 20 branches, focusing on empowering real estate professionals.
  • The company emphasises systems like the SOS for market intelligence and maintains a unified culture.
  • E Trend aims to guide clients in making informed, sustainable investment decisions.
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All 34 sick PR1MA projects completed, over 22,000 buyers received homes, says Nga

All 34 sick PR1MA projects completed, over 22,000 buyers received homes, says Nga

news

Updated:
  • A total of 34 sick PR1MA projects have been completed, benefiting 22,925 buyers.
  • Housing Minister Nga Kor Ming announced the milestone at a key handover ceremony in Melaka.
  • The government aims for zero sick projects by 2030 while addressing challenges like rising construction costs.
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Sunway fails in bid to take over IJM