News by Edgeprop.my

PRG Holdings Bhd has received a statutory demand under Section 466(1)(a) of the Companies Act 2016 for RM21.22 million from shareholder Ng Yan Cheng in relation to advances provided to the company.

Sapura Industrial Bhd (SIB) has signed a sale and purchase agreement (SPA) to dispose of two adjoining leasehold industrial land parcels in Bandar Baru Bangi, Selangor, for a total cash consideration of RM42.33 million, in line with the group’s move to realise capital appreciation from long‑held properties and redeploy funds into its core operations.

SC Estate Builder Bhd has applied to Bursa Malaysia Securities for an extension of time to submit a combined circular to shareholders on six proposals, including its planned diversification into property investment and renewable energy.

Nestcon Bhd has obtained shareholder approval for its proposed acquisition of three land parcels in Iskandar Puteri, Johor, and for the group’s diversification into property development, with both ordinary resolutions passed at its extraordinary general meeting (EGM).

UEM Sunrise Bhd (UEMS) is exiting its marina joint venture at Puteri Harbour, Johor, via the disposal of its entire 40% equity stake in Sarandra Malaysia Sdn Bhd (SMSB) to its Singapore-based partner ONE15 Marina Holdings Pte Ltd for RM50,000 in cash.

Malvest Group has entered into a strategic partnership with Koperasi Orang Kota Bharu Bhd (COOP OKB) through the signing of a memorandum of understanding (MoU) to provide greater access to quality homeownership for cooperative members, while encouraging more Kelantanese to invest in their home state.

Ideal Property Group has completed all infrastructure works for its 880-acre Penang Technology Park @ Bertam, with the development moving into its full delivery phase following the completion of its landmark entrance gateway.

S P Setia Bhd has launched “Setia Lenscape”, a nationwide photography campaign that invites Malaysians to rediscover its townships by exploring selected projects and capturing images of their parks, public spaces, architecture and everyday community life.

AME Elite Consortium Bhd and AME Real Estate Investment Trust (AME REIT) have completed a RM100.8 million related-party transaction involving three industrial properties after the final settlement for i-Park SAC 34 was made.

Tropicana Corp Bhd is expanding its business model beyond township development as part of a broader strategy to diversify its revenue streams through hospitality, recurring income and asset management initiatives.