News by theedgemalaysia.com

Malaysia on Tuesday announced plans for the development of ‘Madani City’ in Putrajaya, aiming to advance both sustainable and high-tech living.

Loss-making Ta Win Holdings Bhd (KL:TAWIN) is disposing of a parcel of industrial land with a single-storey detached factory in Port Klang to Metal Recovery Industries Sdn Bhd (MRI) for RM44.5 million.

UEM Sunrise Bhd (KL:UEMS) has appointed Azmy Mahbot as its chief business officer, effective June 1.

The Home & Renovation Loan/Financing offers up to 90%+30% loan/financing margins, with the additional 30% intended to assist homebuyers in covering renovation expenses.

The initiative, launched under the purview of Majlis Bandaraya Seremban (MBS), is designed to cut project approval times from 24 months to just 14 months.

The state aims to be a digital and sustainable hub, having secured two major data-centre projects—one green facility in Nilai backed by US investors, and another artificial intelligence (AI)-focused centre by Gamuda Bhd in Port Dickson.

The exercise involves the issuance of up to 435.4 million new units, or approximately 14.9% of its total issued units.

The leasehold development spans 3.49 acres and comprises two towers—490 units in Tower A and 334 units in Tower B. 

Palm oil and timber producer Jaya Tiasa Holdings Bhd (KL:JTIASA) is buying four parcels of land sited one kilometre away from the Sibu town in Sarawak for RM100 million in cash, as it bids to expand into property development.

A group of Kumpulan Jetson Bhd’s (KL:JETSON) minority shareholders, who were blocked from holding an extraordinary general meeting (EGM) to remove the entire board, have asked the court to compel the company to give them access to its shareholder records so they can hold the meeting.