News by M

Samaiden Group Bhd is buying about 185.57 hectares (458 acres) of leasehold land in Teluk Intan, Perak, for RM45.5 million as part of its plan to expand its solar farm projects.

Gamuda Bhd (KL:GAMUDA) climbed to its highest in nearly six months on Tuesday after the group announced it had secured a renewable energy (RE) project in Tasmania, Australia. Its share price rose 18 sen or 3.76% to RM4.97, valuing the company at RM28.68 billion.

The Penang government, through its investment promotion arm InvestPenang, on Tuesday launched the Silicon Research & Incubation Space (SRIS) and announced several chip innovations by its occupants.

The High Court has set Aug 6 for the mention of the Malaysian Anti-Corruption Commission’s (MACC) application to forfeit Ilham Tower, the skyscraper owned by the late Tun Daim Zainuddin's family.

Property developer Avaland Bhd (KL:AVALAND) plans to acquire a 2.17-acre plot of land in Section 13, Petaling Jaya, to undertake a high-rise commercial development with an estimated gross development value of RM320 million.

Property and plantation outfit Ayer Holdings Bhd (KL:AYER), formerly known as TAHPS Group Bhd, has promoted its deputy group CEO Joanne Lee Sor Phaik to succeed Chua Seng Yong, who is retiring.

Construction and property firm Kerjaya Prospek Group Bhd (KL:KERJAYA) has announced two major property moves—a RM112.8 million acquisition of land in Kuala Lumpur and the formation of a joint venture (JV) for a mixed-use development in Penang.

Noteworthy:

• Freehold
• Built-up size: 2,535 sq ft
• Floor level: High
• 4 bedrooms, 4 bathrooms
• Semi-furnished
• Nearby amenities: Sunway 163 Mall, Mont’Kiara International School, Damansara Specialist Hospital 2, Garden International School, Kuala Lumpur Golf & Country Club
• Accessibility: SPRINT-Damansara and Penchala Links, NSE, NKVE, Jalan Dutamas

When: January 2025

Prasarana group chief operating officer Amir Hamdan will take over as acting president and group CEO from July 15, 2025.

The same applies for low-voltage users that were registered under the Net Energy Metering (NEM) 2.0 scheme of 2019-2020.