Construction firm GDB Holdings Bhd (KL:GDB) has proposed a private placement of 93.75 million new shares, representing about 10% of its issued share capital, to independent third party investors Datuk Seri Chan Leng Sam and Datuk Seri Voon Thien Loong.
SS15 Subang Jaya, once almost synonymous with shisha cafes, bubble tea queues, and a buzzing student crowd, is quietly building a reputation for something else—sustained growth in property values across the board.
A quick success story to highlight is from one of PropNex Realty Sdn Bhd’s open houses held in May, which led to a sale in June. Negotiator Angela Lee (REN 04297) maintained a consistent follow-up, worked closely with the buyer and ultimately closed the deal.
Malaysia has yet to decide on the Kuala Lumpur–Singapore High Speed Rail (HSR) project, despite seeking concept proposals from private firms two years ago.
YNH Property Bhd (KL:YNH) expects to book an estimated profit of RM105 million from the residential project in Bangsar South that it is planning to jointly develop with Genland Sdn Bhd.
Located approximately 25 minutes from Kuala Lumpur, the township includes a dedicated helipad within its masterplan to enable air travel across Peninsular Malaysia.
With 73 seats at stake, the outcome will test the unity government's popularity amid Sabah's fluid political landscape.
Construction firms are expected to gain from increased demand for quake-resistant buildings and repair work.
The group is also in talks with potential strategic partners to provide new technologies.
Proceeds to be raised would depend on the actual number of warrants exercised during the exercise period.
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