Setia AlamImpian celebrated the coming New Year with an Epic Finale countdown concert in the township’s LakePoint Club.

Nestcon Bhd has bagged RM251.5 million in construction works for a mixed development project in Mukim Petaling in the Klang Valley.

Noteworthy:

• Rented
• Built up size: 55,000 sq ft
• Unfurnished
• Nearby amenities: Convenience stores, Billion Shopping Centre Port Klang, Shaw Centrepoint
• Accessibility: Federal highway, Northport highway

When: July 2023

IGB REIT Management Sdn Bhd chairman Tan Sri Dr Lin See Yan is stepping down by Dec 31, and will be succeeded by former managing director Datuk Seri Robert Tan Chung Meng, effective from Jan 1, 2024.

Landmarks Bhd has terminated its plan to sell its entire stake in two companies that own hospitality assets in Indonesia to Southern Archipelago Ltd or SAL (formerly known as Blumont Group Ltd), citing the prolonged completion timelines and volatile market conditions.

Harn Len Corporation Bhd has proposed to acquire an aquaculture outfit which owns 30 ponds on a 300-acre piece of land in Pekan, Pahang from its substantial shareholder, Mohamed Nizam Jakel, through a RM42.5 million share deal.

Kuchai Development Bhd is injecting RM275 million worth of assets and liabilities into Sungei Bagan Rubber Co (M) Bhd in a share deal, as part of efforts to consolidate the assets of two sister companies linked to Kluang Rubber Company (M) Bhd (KRCB).

Bintai Kinden Corp Bhd has secured an agreement to settle RM3 million of debt with MBSB Bank Bhd, which will see the bank withdraw a legal suit arising from Bintai Kinden’s default in March this year.

The government is reviewing the surcharge and subscription period for the Green Electricity Tariff (GET) mechanism, as it looks into extending the green electricity subscription to 2024.

Datuk Saiful Nizam Mohd Yusoff, who is the president of Jiankun International Bhd, has ceased to be a substantial shareholder of the loss-making property development and construction group.