News by John Lai

Shangri-La said its subsidiary UBN Tower Sdn Bhd signed the tenancy agreements on March 30 with Kuok Brothers Sdn Bhd and PPB Group Bhd for a three-year term commencing April 1, 2026.

EPMB said the acquisition will be funded through internally generated funds and bank borrowings.

Sunway Bhd (KL:SUNWAY) is standing firm on its RM3.15 per share takeover offer for IJM Corp Bhd (KL:IJM), arguing the proposal is fair and backed by independent analyst valuations as well as Sunway's own strong financial track record.

Eversendai Corporation Bhd (KL:SENDAI) said it has received a termination notice from NEOM Company for its Trojena Ski Village structural steel contract in Saudi Arabia, effective March 26, citing geopolitical developments in the Middle East.

Wentel Engineering Holdings Bhd (KL:WENTEL) has proposed to acquire two medium industrial semi-detached factory units in Johor for RM29.58 million in a related-party transaction.

IJM Corporation Bhd (KL:IJM) said it is reviewing the strategy for its key businesses, including monetising part of its vast land bank at its property division, after rebuffing a takeover offer.

IJM Corporation Bhd (KL:IJM) said a takeover bid now on the table reflects the low point in its earnings cycle as the company urged shareholders to reject the offer.

Bank Negara Malaysia (BNM) has kept its benchmark overnight policy rate (OPR) unchanged at 2.75% on Thursday, in line with expectations.

EXSIM Hospitality said the contract is expected to contribute positively to its net assets per share, earnings and gearing throughout the contract period.

Lim Seong Hai Capital Bhd (KL:LSH) has entered into two deals for mixed development projects in Kuala Lumpur and Selangor, with a combined estimated gross development value (GDV) of RM903.9 million.