Shares of Sunway Bhd (KL:SUNWAY) and IJM Corporation Bhd (KL:IJM) ended Tuesday on a mixed note as investors weighed Sunway's proposed RM11 billion cash-and-share takeover of IJM against the group’s upcoming healthcare listing.
Sunway Bhd (KL:SUNWAY) plans to acquire rival company IJM Corporation Bhd (KL:IJM) in a cash-and-share deal worth over RM11 billion.
Selangor’s 30% local content rule, after Johor’s tighter rules, will result in fewer but bigger and more valuable data centre projects, said BIMB Securities Research.
The meeting was intended to seek unitholder approval for the proposed acquisition of three UOA Business Park assets, and the establishment of an income distribution reinvestment plan.
The project commenced on Dec 16 and it will be completed within 24 months.
The Solar Accelerated Transition Action Programme (Solar ATAP), which is replacing net energy metering (NEM), will be open for application from Jan 1, 2026.
Mitraland Group on Wednesday launched its Novva Nexus office tower project in Klang with a gross development value of RM130 million.
The long-anticipated Light Rail Transit 3 (LRT3) Shah Alam Line will not commence operations this year, confirming an earlier report by The Edge.
Revenue fell 3.33% to RM270.86 million from RM280.19 million, dragged by lower sales volume from its aluminium segment.
Property developer Asian Pac Holdings Bhd (KL:ASIANPAC) said its chief executive officer Chai Yee Choong has resigned effective Monday (Dec 1) “to pursue other opportunities".
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