News by theedgemarkets.com

In a statement, Yondr Group chief executive officer Dave Newitt said: "Malaysia is a significant part of our expansion plans within Southeast Asia. Our ability to secure this critical location in Sedenak Tech Park complements our existing presence in Jakarta, Indonesia and further bolsters our strategic presence in this high growth market. Johor is in close proximity to other key data centre metros, including Singapore, which offers valuable interconnectivity routes, representing a true benefit for the group’s clients, especially in combination with the scalability in meeting requirements of power and land."

Dubbed Suria Square, it consists of 115 units of double-storey shop-offices sprawling across 18.51 acres of land in Puncak Alam. These come with built-up areas of 3,047 to 4,922 sq ft with prices starting from RM806,000. They are targeted to be completed in 36 months.

AME REIT, an Islamic REIT on the Main Market, will have an initial fund size of 520 million, according to the integrated industrial space solutions provider in a bourse filing.

The two parties inked a Memorandum of Understanding for this purpose on Friday, under which they will jointly formulate a comprehensive sustainable plan to develop and transform part of Gaya, Sapi and Bohey Dulang Islands into a prime destination for eco-tourism.

In a bourse filing, Seacera said it on Friday (March 25) entered into a joint venture (JV) agreement with Ikhlas via its wholly-owned subsidiary, Seacera Builders Sdn Bhd (SBSB). Ikhlas was in August last year granted sole, exclusive rights by Ribuan Bakat Sdn Bhd to develop several plots of freehold Malay Reserve Land totalling 30.17 acres that Ribuan Bakat owns.

LaLaport BBCC has a total floor area of 133,000 sq m (1.43 million sq ft) and a store area of 82,600 sq m (889,099 sq ft). It has about 400 stores and features a variety of Japanese brands making their first appearance in the country. It is located within the mixed-use development of BBCC in Kuala Lumpur, a joint venture between UDA Holdings Bhd, Eco World Development Group Bhd and the Employees Provident Fund.

In a statement on Thursday (March 24), the construction group said Liew's appointment is part of the group's succession plan.

Comprising 66 units of 2- and 3-storey link villas with built-ups up to 3,730 sq ft, the 5.94-acre Lakefield Residences is 90% sold with the remaining units pending signing of the sale and purchase agreement.

In a filing with the bourse, the manufacturer of high precision stamped and turned metal parts said its net profit fell to RM243,000 from RM2.01 million a year before.

The objectives of the report were to find out what the costs contributing to the overall increase in development costs and prices were, and to provide practical solutions and recommendations to reduce costs so that house prices will be affordable for the rakyat.