Crescendo’s wholly owned unit Panoramic Industrial Development Sdn Bhd entered into agreements for the disposals with STT GDC Malaysia 2 Sdn Bhd, a data centre operator wholly owned by Singapore-incorporated STT Malaysia DC Pte Ltd.

This is in addition to a special review by two law firms — Samir Sumathi Fernando & Co (SSF & Co) and Benjamin Dawson (BD) — commissioned by the group’s management.

The research house said the Chinese steel industry is at a crossroad, as both production and consumption of crude steel have been steadily declining from the 2020 peak.

All the 574 owners in Rawang have owned the properties for more than a decade. 

Anwar said this finding was made in a National Economic Action Council meeting.

This marks the fourth time that Perak Corp has been granted an extension deadline from Bursa Securities.

Kerjaya Prospek Group Bhd has secured a RM104.73 million contract for the execution and completion of a housing development in Penang.

Glomac Bhd will be launching Loop Residences, the first phase of the 15.3-acre (6.19-hectare) Loop City with a gross development value (GDV) of RM1.6 billion, on Nov 11 to 12, said Glomac Bhd managing director and chief executive officer Datuk Seri Fateh Iskandar Mohamed Mansor (FD Iskandar) during the unveiling ceremony of Loop City at Lakeside Residence Sales Gallery, Puchong on Monday.

Sime Darby Property Bhd’s Hype Residences Phase 1 in its SJ7 mixed-use development in Subang Jaya was fully taken up within an hour of its official launch on Oct 28, according to a press statement on Monday.

The Malaysia-China Kuantan Industrial Park (MCKIP) has achieved a cumulative investment value of over RM31 billion across 21 projects, and is expected to create more than 14,000 job opportunities, according to Deputy Minister of Investment, Trade and Industry Liew Chin Tong.