News by M

IJM Perennial Development Sdn Bhd, a joint venture between IJM Corp Bhd (KL:IJM) and Perennial Holdings Pte Ltd, has formalised a strategic partnership with Korea International Exhibition Center (KINTEX) through its Malaysian subsidiary, KinMalaysia Management Sdn Bhd (KINTEX Malaysia), to operate the upcoming Penang Waterfront Convention Centre (PWCC).

Paramount Corp Bhd (KL:PARAMON) said its 70%-owned unit, Tanah Bayumas Sdn Bhd (TBSB), and two others are being sued over its RM145 million purchase of a luxury condominium site in Taman U-Thant.

TA Global Bhd has launched a new Grade-A strata office tower, The Arden in Bandar Sri Damansara, Selangor. The commercial site, with a gross development value (GDV) of RM446 million, is slated for completion in 2Q2028.

Practice Note 17 (PN17) construction outfit TXCD Bhd (KL:TXCD), formerly known as Ageson Bhd, said on Friday that it has secured an RM85.5 million subcontract to undertake a construction project in Bandar Subang Jaya, Selangor.

Magma Group Bhd (KL:MAGMA), formerly known as Impiana Hotels Bhd, announced that its proposed acquisition of five parcels of land in Tioman Island for the development of a resort has lapsed, following the expiry of conditions precedent set out in the sale and purchase agreements (SPAs).

YNH Property Bhd (KL:YNHPROP) has begun implementing governance reforms in response to the findings of an independent review into RM1.1 billion worth of joint venture (JV) and turnkey contracts, the group said in a statement on Thursday.

LBS Bina Group Bhd (KL:LBS) on Friday announced  a first interim dividend of one sen per share, along with a final dividend of 1.1 sen per share, for the year ended Dec 31, 2024 (FY2024).

SkyWorld Development Bhd (KL:SKYWLD) is exploring the joint development of a residential project in Ho Chi Minh City, Vietnam, with the landowner.

Malaysians in Melbourne celebrated Hari Raya Aidilfitri at an open house hosted by the Consulate General of Malaysia on April 5.

DC Healthcare Holdings Bhd is acquiring a three-storey end-lot shoplot in Puchong, Selangor, for RM8 million to secure a permanent office space and reduce reliance on leased premises.