News by M

BMS Holdings Bhd has proposed to acquire a freehold industrial property in Cheras, Selangor for RM23.8 million cash to support its long-term expansion plans and operational requirements, after its wholly owned subsidiary entered into a letter of offer with the vendor.

AWC Bhd's wholly owned subsidiary Qudotech Sdn Bhd has secured a RM23.08 million subcontract to undertake plumbing, silo tank and internal sanitary works for a data centre project.

The demand for data centres in Selangor has so far not placed pressure on domestic water supply, particularly in densely populated areas, said state Investment, Trade and Mobility Committee chairman Ng Sze Han.

Property tycoon Tan Sri Desmond Lim Siew Choon and his wife, Puan Sri Tan Kewi Yong, have transferred all of their units in Pavilion Real Estate Investment Trust’s (KL:PAVREIT) into a vehicle.

Sentral REIT (KL:SENTRAL) reported a slight decline in its net property income as operating expenses rose faster than the rentals in the recently-ended quarter.

Batu Kawan Bhd (KL:BKAWAN) announced that its wholly owned subsidiary Whitmore Holdings Sdn Bhd’s voluntary takeover offer of MKH Bhd (KL:MKH) has become unconditional after the former’s shareholders approved the proposed acquisition at the group's extraordinary general meeting (EGM) on Aug 5.

Malaysian Resources Corporation Bhd's (MRCB) 90:10 joint venture with Theta Edge Bhd has secured a RM3.028 billion contract from Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) to deliver the railway systems for the Penang Mutiara Line LRT.

Two decades in Malaysia's property industry have been marked by significant shifts in market dynamics, digital adoption and changing consumer expectations, according to Tech Real founder Alex Lee, who said long-term relevance depends less on longevity than on the ability to adapt to evolving industry conditions.

The Penang Mutiara Line has entered its next phase with the award of a RM3.028 billion railway systems contract, allowing railway systems design to proceed alongside ongoing civil works as construction of Penang's first metro rail project gathers pace, according to Mass Rapid Transit Corporation Sdn Bhd (MRT Corp).

Nestcon Bhd has secured a RM243 million contract from Exsim Waterfront Sdn Bhd to undertake the main building and infrastructure works for a 57-storey serviced apartment project in George Town, Penang.