The mandatory general offer (MGO) from Vestland Bhd’s (KL:VLB) largest shareholders, at a discount to its market price, has come to a close with a sliver of acceptances.
Amanahraya Real Estate Investment Trust (KL:ARREIT) plans to establish a RM2 billion medium-term note programme to raise capital for refinancing and funds for working capital and capital expenditure.
Noteworthy:
When: June 2025
Eco Business Park 7 (EBP 7), the first industrial development in Parcel C of the Malaysia Vision Valley 2.0 (MVV 2.0) masterplan, was officially launched today with the opening of its sales gallery.
Property developer LBS Bina Group Bhd’s indirect wholly owned subsidiary, Sinaran Restu Sdn Bhd (SRSB), is selling two parcels of land in Johor Bahru for RM110 million cash to Asiana Square Sdn Bhd.
Construction firm Taghill Holdings Bhd (KL:TAGHILL) said two of its wholly owned subsidiaries, which are not major contributors, have filed applications for a judicial management order to address their financial position and cash flow constraints.
Kerjaya Prospek Group Bhd has secured two construction contracts totaling RM197.7 million. Its subsidiary, Permatang Bakti Sdn Bhd, will build a RM100.2 million, 39-storey apartment in Shah Alam, while Kerjaya Prospek (M) Sdn Bhd will construct five canal bridges on Andaman Island, Penang, worth RM97.5 million.
The Central Region Industrial Cluster Development Initiative aims to strengthen industrial ecosystems by deepening supply chains and supporting the growth of local enterprises, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
Sunway Real Estate Investment Trust (KL:SUNREIT) posted a 25.3% increase in third-quarter net property income (NPI) on Monday, supported by full-quarter contributions from new retail and industrial assets.
A landowner has filed a temporary stay order to prevent the government from taking over his land, a move that introduces a new complication for the long-delayed West Coast Expressway (WCE) project.
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