Crescendo Corp Bhd (KL:CRESNDO) announced another land sale to a data centre company. This time around, the property developer is selling a parcel of land in Pulai for RM115.88 million, cash.

Hektar Asset Management Sdn Bhd, the manager of Hektar Real Estate Investment Trust (KL:HEKTAR), has announced the resignation of its executive director and CEO Johari Shukri Jamil effective immediately.

Mechanical and electrical services specialist Bintai Kinden Corp Bhd (KL:BINTAI) has secured two sub-contracts with a combined value of RM22.3 million to build double-storey houses in Muar, Johor.

S P Setia Bhd (KL:SPSETIA) says it has started pre-IPO (initial public offering) preparatory works to explore the establishment of a real estate investment trust that will have a diverse asset portfolio.

S P Setia Bhd (KL:SPSETIA), which previously failed to sell its 959.72-acre Tebrau land to Scientex Bhd (KL:SCIENTX) due to Bumiputera requirement issues, has finally sold the plot to a company linked to tycoon Tan Sri Syed Mokhtar Albukhary for RM564 million, cash.

Lawyer Lai Chee Hoe said the MACC had raided his office on June 4 to investigate his firm, which acted as lawyers in a strata management dispute for one of the parties in court. 

The company did not disclose the buyer but identified it as “a leading global data centre industry player”.

A press statement said 75 London Wall, which was earlier referred to as Winchester House and was formerly the UK headquarters of Deutsche Bank, is expected to be turned into office spaces.

The pace of sales growth was faster than the 5.2% year-on-year increase in March.

The LSS3 plant, comprising 35MW of floating solar photovoltaics and 65MW of ground-mounted solar photovoltaics, is now fully operational, contributing renewable energy to the national grid.