Selangor’s 30% local content rule, after Johor’s tighter rules, will result in fewer but bigger and more valuable data centre projects, said BIMB Securities Research.
TRC Synergy Bhd (KL:TRC) has secured a RM550.8 million contract from SRS Consortium Sdn Bhd for works related to the Penang Light Rail Transit (LRT) Mutiara Line project.
Pelaburan Hartanah Bhd (PHB), a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), has appointed Mazuki Abdullah @ Muhammad as its new group managing director, effective Jan 1, 2026.
Sapura Industrial Bhd (KL:SAPIND) announced it is selling its 35,332-square-metre freehold land in Seremban, Negeri Sembilan for RM24.72 million cash to fund general working capital needs.
Malaysia’s home ownership is on the climb, with the figure seeing a moderate pick up last year compared to two years ago.
Tanco Holdings Bhd (KL:TANCO) said it has entered into a joint-venture deal with a China-backed construction firm to jointly bid for logistics warehouse and mega-storage construction projects.
Automotive solutions provider EP Manufacturing Bhd (KL:EPMB) has scrapped plans to jointly develop a commercial project in Kota Kinabalu, Sabah, following the winding up of the project’s turnkey contractor Bina Puri Properties Sdn Bhd (BPPSB), a wholly owned subsidiary of Bina Puri Holdings Bhd (KL:BPURI).
Jasa Kita Bhd (KL:JASKITA) said it has entered into a deal with the spouse of its recently appointed executive chairman Datuk Yasmin Mahmood to acquire a 55% stake in a firm that owns a parcel of industrial land in Pahang.
Kimlun Corp Bhd (KL:KIMLUN) said on Tuesday that its wholly-owned subsidiary, Kimlun Sdn Bhd, has accepted the award of three construction contracts in Johor with a combined value of RM617.73 million.
The discussions focused on business opportunities within JS-SEZ, as well as Johor’s economic priorities, and cross-border growth strategies.
The only property app you need. More than 200,000 sale/rent listings and daily property news.
