News by M

A total of 22 federal projects in Sabah classified as ‘sick’ projects require closer monitoring and improvement.

The sharp fall in Tanco Holdings Bhd’s (KL:TANCO) share price did not stop group managing director Datuk Seri Andrew Tan Jun Suan from buying and selling its shares.

Shares of the loss-making company were down as much as 33.5 sen or 30% to 78.5 sen — its lower limit for the day.

The investment performance was supported by an 86.7% year-on-year growth in private equity and venture capital investments.

The proposed acquisition by Enrich Horizon Sdn Bhd (EHSB) of two parcels of leasehold land measuring about 859,897 sq ft in Mukim Plentong, Daerah Johor Bahru, Johor, was completed yesterday. 

Monterra is scheduled for completion in 2030 and is expected to add new residential, retail and commercial offerings to the Tebrau corridor.

Urban Hallmark Properties founder Datuk Jeffrey Ng said the company deliberately reduced the number of units from the 108 units permitted under local planning guidelines.

The group has entered into two “build and lease” agreements at Elmina Business Park with Pearl Computing Malaysia Sdn Bhd, a wholly-owned subsidiary of Singapore-based Raiden APAC Pte Ltd, in respect of hyperscale data centre developments. 

The fund supports the group’s SHIFT32 strategy to grow recurring income streams via investment yield and fee-based income. 

The acquisition from Maybank Trustees Bhd, acting as trustee for AmFIRST REIT, covers Menara AmBank together with related assets and rights, including existing tenancies, licences, operational assets, and essential contracts.