News by M

Allgreen's multi-phase redevelopment of Johor Bahru City Square aims to transform the mall into a modern lifestyle hub and add new hotel apartments to capture demand from the upcoming Johor Bahru-Singapore RTS Link.

SMI said the disqualified votes were from shareholders who had indicated abstention in their proxy forms or who refrained from voting due to a conflict of interest.

The development follows Malton’s earlier projects in Taman Mutiara Indah and Taman Mutiara Puchong, and will be its final launch in Puchong.

She said the new regulations will set out how cross-border electricity trading works, including technical and economic requirements.

Revenue fell 3.33% to RM270.86 million from RM280.19 million, dragged by lower sales volume from its aluminium segment. 

IOI Properties Group Bhd has officially launched the IOI Industrial Park @ Banting, a 322-acre GreenRE-certified industrial development with a projected gross development value (GDV) of RM1.8 billion, marking the group’s push yet into Malaysia’s fast-evolving industrial and logistics real estate sector.

Asset management and infrastructure solutions company UEM Edgenta Bhd announced that its subsidiary, Edgenta GreenTech Sdn Bhd, has secured a multi-year contract to provide Integrated Facilities Management (IFM) services for Shell Malaysia Trading Sdn Bhd’s nationwide network of fuel and retail stations.

Sime Darby Property Bhd and Mydin Mohamed Holdings Bhd have commenced construction of an automated distribution centre in the City of Elmina. 

What are the key factors to ensure a shopping mall’s success? Typical answers often include strategic location with good accessibility, positioning of the mall, a compelling tenant mix and anchor stores, and creating a positive customer experience through amenities, entertainment, and marketing.

Magma Group Bhd (KL:MAGMA) has proposed a private placement of up to 168.11 million new shares, representing up to 10% of its issued share capital, to raise up to RM50.1 million to fund property development works and investments in its hotel division.