News by John Lai

IJM Corp said the transaction involves its subscription to 50% of the enlarged equity interest in JRL.

IFCA MSC Bhd (KL:IFCAMSC) said it is targeting RM440 million in new sales over the next three years mainly through new customers arising from its property management system solutions, optimising pricing and growing its distributors programme.

LEAP Market-listed Sunmow Holding Bhd (KL:SUNMOW) has proposed to undertake a mixed development on a 157-acre land in Pekan Kota Kinabatangan, Sabah, with an estimated gross development value of RM366 million.

Sunsuria Bhd (KL:SUNSURIA) said it is acquiring a 20% stake in property developer KL City Gateway Sdn Bhd (KLCG) for RM10.47 million, and will inject about RM40 million in shareholder advances to the company.

Bina Puri Holdings Bhd (KL:BPURI) said on Thursday that its associate company KL-Kuala Selangor Expressway Bhd (Latar) has won an arbitration case against Prolintas Expressway Sdn Bhd and was awarded RM46.13 million.

Newly listed KTI Landmark Bhd (KL:KTI) said it has won a sub-contract under the Armed Forces Family Housing (RKAT) construction project at the Labuan Air Base, worth RM49.99 million.

Kerjaya Prospek said its wholly owned subsidiary Futuprop Sdn Bhd, and Aspen Vision, will form a 55:45 special purpose vehicle named Rivanis Ventures Sdn Bhd to undertake the development.

Kumpulan Jetson Bhd (KL:JETSON), which is being sued by OCR Group Bhd (KL:OCR) over alleged breaches of an RM88.03 million contract to build four blocks of serviced apartments in Jalan Yap Kwan Seng here, said on Thursday it is not a party to the disputed contract as Jetson Construction Sdn Bhd (JCSB) — which was contracted to undertake the job — is no longer its subsidiary.

Sunway Construction Group Bhd (KL:SUNCON) has been awarded additional tenant improvement works (TIWs) for its data centre construction project at the Sedenak Tech Park (STeP) in Johor for RM347 million.

CapitaLand Malaysia Trust (KL:CLMT) posted a 6.3% increase in its third quarter net property income (NPI) from last year’s corresponding period, underpinned by better NPI from Gurney Plaza, Queensbay Mall, East Coast Mall and Valdor Logistics Hub.