News by EDGEPROP.MY

Sarawak Consolidated Industries Bhd (SCIB) said its wholly owned subsidiary, SCIB Ecobuild Sdn Bhd (SCIBE), has entered into a conditional co-development agreement with Inland World Sdn Bhd (IWSB) to jointly undertake a residential development in Penampang, Sabah, with an estimated gross development value (GDV) of RM83.19 million.

IOI Properties Group Bhd (KL:IOIPG) has secured conditional approval from the Securities Commission Malaysia (SC) for the establishment and listing of its proposed real estate investment trust (REIT), marking a key regulatory milestone for the REIT's proposed acquisition of nine properties for RM7.578 billion.

GuocoLand (Malaysia) Bhd's privatisation has been completed following the settlement of the offer price to entitled shareholders under its selective capital reduction and repayment exercise.

DPS Resources Bhd's wholly owned subsidiary Shantawood Sdn Bhd (SSB) has signed a non-binding memorandum of understanding (MoU) with China's Hangyue Intelligent Electrical Co Ltd to collaborate on digital energy infrastructure projects, including the marketing of SSB's proposed data centre facility with a capacity of up to 89 megawatts (MW) in Bukit Rambai, Melaka.

NuEnergy Holdings Bhd (KL:NHB) has accepted a letter of award (LoA) worth approximately RM44.5 million for mechanical, electrical and plumbing (MEP) works for a proposed two-storey 265kV/11kV consumer landing station building for a data centre in the Johor Bahru district.

Malaysian Resources Corp Bhd (KL:MRCB) is proposing to dispose of seven parcels of land in Cyberjaya, Selangor to Digital Cosmos Malaysia Sdn Bhd for RM419.05 million cash under a conditional sale and purchase agreement (SPA).

Mana Mana Hospitality (MMH), a unit of Exsim Hospitality Bhd, is managing 395 serviced-apartment units at The Stallionz @ Ipoh White Times Square under a three-year service and management agreement.

Avaland Bhd has topped-out Amika Residences, with construction progressing ahead of schedule.

Hextar Technologies Solutions Bhd (HexTech) has proposed disposing of its wholly-owned subsidiary Guper Bonded Warehouse Sdn Bhd (GBWSB), which owns five adjoining industrial land parcels in Nilai, Negeri Sembilan, to Hextar Holdings Sdn Bhd in a related-party transaction expected to generate total cash proceeds of RM38.14 million.

Media Chinese International Ltd (MCIL) has completed the disposal of its Toronto industrial property for C$9.9 million (approximately RM28.65 million), concluding a transaction first announced in March.