News by TheEdgeMarkets.com

In 2016, SDP struck a five-year brand licensing contract with the United States’ PGA Tour under the Tournament Players’ Club (TPC) network umbrella, which allowed SDP to utilise the TPC brand to host major golf tournaments and elevate the club’s global recognition and standards. The licence expired at the end of 2021. 

The group said it signed an agreement with Menara Rezeki Sdn Bhd (MRSB) on Thursday (June 16) to undertake the project via their joint venture (JV) firm, Menara Rezeki Properties Sdn Bhd (MRPSB).

The property developer said its Malaysian operations’ profit after tax (PAT) contribution rose 86.7% to RM61.2 million from RM32.8 million, offsetting the share of loss from its international arm, Eco World International’s (EWI).

This development marks the developer’s seventh project in its “Koi” series, following Koi Kinrara, Koi Tropika, Koi Boulevard, Koi Legian, Koi Prima and Koi Residences in Puchong, all of which have been well-received.

In total, there will be 3,684 units with Tower A having 808 units, Tower B with 685 units, Tower C with 752 units, Tower D with 793 units and Tower E with 646 units. Built-ups are 850 sq ft for three-bedroom layout and 1,000 sq ft for the four-bedroom design. Selling price starts at RM480,800 with maintenance fee of 35 sen psf.

In a bourse filing on Thursday (June 16), KGB said its unit Kelington Technologies Sdn Bhd (KTSB) on June 15 entered into a construction contract with a Franco-Italian multinational electronics and semiconductor manufacturer to design and build a new manufacturing building comprising a manufacturing (plating) area, mechanical and electrical utility plant, and a multistorey carpark for the existing plant in Johor.

The first art’otel at the London Battersea Power Station in the UK will open its doors later this year, with the interior images of the hotel unveiled on June 14.

Dynaciate Group Bhd has proposed to acquire a piece of freehold industrial land measuring 23,550 square metres in Bentong, Pahang from KPower Bhd for RM12 million cash.

The DROP 'n GO – 5KG Campaign is a continuous effort from IJM Land’s KITARecycle programme, which was initiated in January 2022. This environmental collaborative initiative by IJM Land and SWM Environment is to encourage the Seremban 2 residents to become a member of KITARecycle and educate them on how to recycle their domestic/household waste (such as paper, aluminium cans, plastics and e-waste) through the KITARecycle programme.

In a Bursa Malaysia filing on Friday (June 10), IWCity said it will focus on improving its business operations within the 12-month period to submit its regularisation plan.