News by M

Sunway Bhd (KL:SUNWAY) said it has been cleared by the Malaysian Anti-Corruption Commission (MACC) regarding its takeover offer for IJM Corporation Bhd (KL:IJM).

Tan Chong Motor Holdings Bhd (Tan Chong Motor) has officially completed the RM148.8 million disposal of nine plots of prime freehold land along Jalan Putra, strengthening its liquidity position following the monetisation of a non-core asset, according to a filing with Bursa Malaysia..

REHDA Institute has embarked on its Asia Real Estate Leaders (AREL) Study Tour to the United Kingdom, with stops across London, Bristol, Bath and Cambridge, as part of its efforts to strengthen global knowledge exchange and leadership development within Malaysia’s real estate sector.

Exsim Hospitality Bhd is seeking shareholder approval to diversify its existing business to include construction works and centralised procurement activities, according to a circular issued today (March 27).

GuocoLand (Malaysia) Bhd (KL:GUOCO) said the proposal by its controlling shareholder to privatise the company will be tabled at an extraordinary general meeting  (EGM) on a date to be fixed later.

Axis Real Estate Investment Trust (KL:AXREIT) said the acquisition of an RM800 million industry property in Seberang Perai Tengah from Ann Joo Resources Bhd’s (KL:ANNJOO) wholly owned subsidiary Ann Joo Steel Bhd has been terminated.

Malaysia is not immune to rising housing affordability pressures despite its relatively high homeownership rate, Housing and Local Government Minister Nga Kor Ming said, as the government shifts towards more targeted and data-driven housing reforms.

Construction group Binastra Corp Bhd's (KL:BNASTRA) fourth quarter net profit climbed by nearly 70% to RM42.4 million from RM25.1 million a year ago, amid a rise in the number of ongoing projects.

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.

When Heineken NV announced last week that its Singapore unit would phase down large-scale brewing in favour of a regional logistics and innovation hub, the headlines focused on export projections and analyst commentary.