News by M

Shares of Malton Bhd (KL:MALTON) surged in early trade on Wednesday after the property developer unveiled plans to collaborate with a US-based artificial intelligence (AI) cloud infrastructure company to develop AI compute centres in Malaysia.

TWL Holdings Bhd (KL:TWL) has provided further details on its proposed RM42 million acquisition of a 45% stake in property investment company Fairise Odyssey (M) Sdn Bhd following a query from Bursa Malaysia.

The spin-off of data centre assets into real estate investment trusts (REITs) and acquisitions by existing players could significantly increase their exposure to the sector over the next few years, said MBSB Research.

PRG Holdings Bhd (KL:PRG) has appointed PKF Covenant Equity Consulting Sdn Bhd (PKF) to conduct an independent review of the transactions between the group’s construction unit Premier Construction International Sdn Bhd (PCI), and Premier De Muara Sdn Bhd (PDM).

A study by the Malaysia Competition Commission (MyCC) has found no evidence of anti-competitive practices involving housing prices or residential property packages in the housing market, the Dewan Rakyat was told on Wednesday.

Selangor Industrial Corporation Sdn Bhd (SIC), a unit of Perbadanan Kemajuan Negeri Selangor (PKNS), has secured a new partner to develop data centres in Cyberjaya, 10 months after withdrawing from its previous project with telecommunications services provider Silver Ridge Holdings Bhd (KL:SRIDGE).

Project delays, especially the Sabah Pan Borneo Highway, not only escalate construction costs but also delay the economic and social benefits intended for the people, Sabah inspector general of projects Datuk Seri Dr Salleh Said Keruak said.

Sunway Bhd's indirect wholly owned subsidiary SMCL Haven 3 Pte Ltd and CSC Land Group (Singapore) Pte Ltd have received a letter of award from Singapore's Urban Redevelopment Authority for a parcel of land at River Valley Green, Singapore, at a tender price of S$750.57 million (about RM2.4 billion).

GLM REIT Management Sdn Bhd, the manager of Tower Real Estate Investment Trust (Tower REIT), announced a change in its shareholding following GuocoLand (Malaysia) Bhd’s divestment of a stake in the company.