News by M

Sunway Group and Equalbase have officially opened 103°, a 55-hectare free commercial zone (FCZ) in Sunway City Iskandar Puteri, Johor with its first two warehouses spanning 1.5 million sq ft completed and fully leased to international operators.

Malaysia’s Ministry of Housing and Local Government (KPKT) is proposing the establishment of a Malaysia–Cambridge Urban Platform, signalling a push to formalise international collaboration in urban planning and housing policy as the government aligns development priorities with the MADANI economic framework and Sustainable Development Goals (SDGs).

The Employees Provident Fund, the single largest shareholder in IJM Corporation Bhd (KL:IJM), has decided to reject an offer by Sunway Bhd (KL:SUNWAY) for its shares in the construction giant.

The Employees Provident Fund (EPF), the largest shareholder in IJM Corp Bhd (KL:IJM), voluntarily abstained from voting on the takeover offer by Sunway Bhd (KL:SUNWAY) for the construction group.

Sunway Bhd (KL:SUNWAY) said it has been cleared by the Malaysian Anti-Corruption Commission (MACC) regarding its takeover offer for IJM Corporation Bhd (KL:IJM).

Tan Chong Motor Holdings Bhd (Tan Chong Motor) has officially completed the RM148.8 million disposal of nine plots of prime freehold land along Jalan Putra, strengthening its liquidity position following the monetisation of a non-core asset, according to a filing with Bursa Malaysia..

REHDA Institute has embarked on its Asia Real Estate Leaders (AREL) Study Tour to the United Kingdom, with stops across London, Bristol, Bath and Cambridge, as part of its efforts to strengthen global knowledge exchange and leadership development within Malaysia’s real estate sector.

Exsim Hospitality Bhd is seeking shareholder approval to diversify its existing business to include construction works and centralised procurement activities, according to a circular issued today (March 27).

GuocoLand (Malaysia) Bhd (KL:GUOCO) said the proposal by its controlling shareholder to privatise the company will be tabled at an extraordinary general meeting  (EGM) on a date to be fixed later.

Axis Real Estate Investment Trust (KL:AXREIT) said the acquisition of an RM800 million industry property in Seberang Perai Tengah from Ann Joo Resources Bhd’s (KL:ANNJOO) wholly owned subsidiary Ann Joo Steel Bhd has been terminated.