News by Syafiqah Salim

IJM Corp Bhd marks its first foray into the industrial and logistics market by partnering with China Harbour Engineering Company Ltd (CHEC) to develop a mixed development and logistics hub in Kuantan.

Chin Hin Group Bhd, which was slapped with an unusual market activity (UMA) query on Tuesday (Aug 2), responded to Bursa Securities' query that it is unaware of any corporate development relating to the group's business and affairs apart from the proposed sale of a 19.34% stake in Solarvest Holdings Bhd, as well as the one-for-one bonus issue of Chin Hin shares.

The recovery momentum for IGB Real Estate Investment Trust (REIT) is expected to continue, despite several headwinds such as the overnight policy rate (OPR) hike as well as inflationary pressure, according to analysts.

Chin Hin Group Bhd shares hit a new record high of RM4.51 on Tuesday (July 26) morning, ahead of the group's upcoming extraordinary general meeting on Aug 4 over the proposed sale of a 19.34% stake in Solarvest Holdings Bhd, as well as a one-for-one bonus issue.

The MoU — for a period of two years — includes the provision of decarbonisation service to NCT Land's local facilities, Solarvest said in a bourse filing on Wednesday (July 20).

The dividend, with an ex-date of Aug 24, will be paid on Sept 12, according to the Penang-based property developer’s filing with Bursa Malaysia. 

Quoting Selangor Menteri Besar Datuk Seri Amirudin Shari, it was reported that MRCB was selected after taking into account its financial position, as well as its experience in repairing the Bukit Jalil National Stadium in 2017.

In a statement Tuesday (June 28), Mah Sing said the prime land parcel — measuring about 6.938 acres and valued at RM39.29 million — is located in Taman Seri Austin next to an existing McDonald's drive-through, and is accessible via Persiaran Eco Cascadia.

However, the research house encourages investors to pick those with quality assets as it remains a tenant’s market.

The joint venture (JV) of Sime Darby Property Bhd and LOGOS SE Asia Pte Ltd (LOGOS Property), SDPLOG, on Friday announced the first close of its first US$250 million industrial development fund, which will go towards the development of sustainable and integrated modern logistics facilities with green building certification at its E-Metro Logistics Park in Bandar Bukit Raja, Klang.