GD Group launches Sikamat Industrial Park in Negeri Sembilan
Property developer GD Group has ventured into industrial park development, launching the Sikamat Industrial Park in Vision Valley 2.0, Negeri Sembilan.
PTT Synergy to acquire land in Selangor for RM22 mil cash
Integrated construction and property company PTT Synergy Group Bhd (KL:PTT), which recently announced a one-for-one bonus issue exercise, is acquiring two parcels of land with semi-detached factories in Selangor from Sime Darby Property Bhd (KL:SIMEPROP) for RM22 million in cash.
Vestland to acquire office suites, warehouses for RM25 mil
Construction company Vestland Bhd (KL:VLB) is acquiring office suites in Selangor and industrial warehouses in Sabah, for a total of RM25 million.
REHDA calls for building industry to be excluded from paying HRD Corp levy
Real Estate and Housing Developers’ Association Malaysia (REHDA) has called for building industry players to be excluded from paying the levy imposed by the Human Resource Development Corp (HRD Corp).
Econframe scraps plans to acquire 70% stake in industrial property builder
This is because the conditions precedent in the agreement between Econframe and the seller of the stake, ETA Industries Sdn Bhd, had not been fulfilled within the specified timeframe.
PTT Synergy proposes one-for-one bonus issue
The entitlement date will be determined after all relevant approvals for the bonus issue have been obtained.
MRL says it will remain ECRL's asset owner regardless of JV to share operational risks with CCCC
Malaysia Rail Link Sdn Bhd (MRL) said it will remain the asset owner of the East Coast Rail Link (ECRL) throughout its operational phase, regardless of its planned joint venture (JV) with the project's main contractor, China Communication Construction Company Ltd (CCCC), to share the operational risks of the project once construction is completed.
Aneka Jaringan bags RM53 mil sub-contract for construction project in Selangor
Construction company Aneka Jaringan Holdings Bhd (KL:ANEKA) has secured a RM53 million sub-contract for the execution of bored piles and precast reinforced concrete piles works in Selangor.
Pesona Metro acquires 51% stake in property developer to diversify business
Construction and trading group Pesona Metro Holdings Bhd (KL:PESONA) said it is diversifying into property development through the acquisition of a 51% stake in the developer of a high-rise residential project in Bukit Jalil, for RM40.8 million in cash.
Annum secures RM53 mil contract to supply material, labour for office building construction
Annum Bhd (KL:ANNUM) said it has been awarded a sub-contract worth RM53.2 million by Iqzan Holding Bhd (KL:IQZAN) to supply material, labour and machinery for the construction of an office building in Jalan Tun HS Lee.
