News by M

Opened last Friday, the sales gallery, is designed to provide visitors with a comprehensive and immersive introduction to Jesselton Courtyard. 

Rahim & Co International Property Consultants Sdn Bhd has entered into a strategic affiliation with UK-based global real estate consultancy Chestertons Global, as both firms look to strengthen their cross-border advisory capabilities.

The ceremony also saw the announcement of Riverwell Resources Sdn Bhd, the wholly owned subsidiary of Teladan Group, appointed as the master developer for Phase 1, while MCorp will be the exclusive partner to promote and market 22 plots for purpose-built and built-to-suit facilities in Phase 1.

Preliminary findings estimated the total cost of implementing the ART system—including infrastructure development, system installation, operations and maintenance—at RM211.95 million over a 10-year period.

The retirement fund said it acquired 4.07 million IJM shares in three tranches on Feb 3, raising its total shareholding to 714.91 million shares.

Non-executive chairman Datuk Seri Chia Lui Meng, who served for more than eight years, has resigned citing personal commitments.

“I have fully cooperated with the authorities and will continue to do so… At this juncture it would not be appropriate for me to comment further as investigations are ongoing.”

Plantation company Matang Bhd (KL:MATANG) said on Friday its unit is expanding its durian plantation footprint through the acquisition of 10 adjacent parcels of agricultural land in Tangkak, Johor, for RM18.2 million in cash.

WCT Holdings Bhd (KL:WCT) has proposed a sukuk wakalah programme of up to RM5 billion to fund working capital and refinancing of borrowings.

Adriana outlined the evolution of the proposal, noting that the terminology had shifted over the years, but the substance of the proposal continued to raise serious concerns.