News by theedgemalaysia.com

Sapura Industrial Bhd (KL:SAPIND) announced it is selling its 35,332-square-metre freehold land in Seremban, Negeri Sembilan for RM24.72 million cash to fund general working capital needs.

Malaysia’s home ownership is on the climb, with the figure seeing a moderate pick up last year compared to two years ago.

Tanco Holdings Bhd (KL:TANCO) said it has entered into a joint-venture deal with a China-backed construction firm to jointly bid for logistics warehouse and mega-storage construction projects.

Automotive solutions provider EP Manufacturing Bhd (KL:EPMB) has scrapped plans to jointly develop a commercial project in Kota Kinabalu, Sabah, following the winding up of the project’s turnkey contractor Bina Puri Properties Sdn Bhd (BPPSB), a wholly owned subsidiary of Bina Puri Holdings Bhd (KL:BPURI).

Jasa Kita Bhd (KL:JASKITA) said it has entered into a deal with the spouse of its recently appointed executive chairman Datuk Yasmin Mahmood to acquire a 55% stake in a firm that owns a parcel of industrial land in Pahang.

Kimlun Corp Bhd (KL:KIMLUN) said on Tuesday that its wholly-owned subsidiary, Kimlun Sdn Bhd, has accepted the award of three construction contracts in Johor with a combined value of RM617.73 million.

The meeting was intended to seek unitholder approval for the proposed acquisition of three UOA Business Park assets, and the establishment of an income distribution reinvestment plan.

The first contract was awarded by UDA Land (South) Sdn Bhd, a unit of UDA Holdings Bhd, for the main infrastructure works for the UDA Enclave Project in Bandar UDA Utama, Johor Bahru, valued at RM62.42 million.

The transaction is expected to be completed in the second half of FY2026.

The properties comprise five single-storey detached factories with two-storey office components, occupying about 17 acres of land and with a total built-up area of about 524,077 square feet within AME Elite’s i-TechValley industrial park in Iskandar Puteri.