Contract manufacturer Ge-Shen Corporation Bhd (KL:GESHEN) announced on Wednesday that it is selling a plot of industrial land in Johor for RM7.6 million.

The National Circular Economy Council (NCEC) today agreed to expand the use of slag, a by-product from the smelting and refining of ore, as a material composition in high-impact sectors such as road construction, brick manufacturing, and the production of artificial coral reefs, said the Housing and Local Government Ministry (KPKT) in a statement.

IJM Land Bhd’s chief executive officer (CEO) Datuk Wong Tuck Wai is retiring after a 28-month stint at the property division of conglomerate IJM Corp Bhd (KL:IJM), internal communication showed.

Civil and building construction firm Bina Puri Holdings Bhd (KL:BPURI) announced on Tuesday that its subsidiary Sumbangan Lagenda Sdn Bhd has completed the drawdown of its RM73 million credit financing facility from Islamic banking group MBSB Bhd (KL:MBSB).

While Symphony Life Bhd’s former group chief financial officer Ng Ying Yiing was charged on Tuesday for using company funds to purchase shares in Cycle and Carriage Bintang Bhd (CCB) without board approval, the Industrial Court last week separately awarded her RM792,000 in back wages and had seemingly absolved her of wrongdoing in its judgment.

Axis Real Estate Investment Trust (KL:AXREIT) has raised RM449.73 million through a private placement exercise, which will be used to support the REIT's strategy to pursue high-quality, yield-accretive acquisitions, and enhance its existing portfolio.

The 22% rally in the unit price of IGB REIT since the start of the year has prompted analysts to downgrade the counter to “hold”, even after ascribing slightly higher fair value on the Mid Valley Megamall operator.

The 24th International Architecture, Interior Design and Building Exhibition (Archidex 2025) will be held at two venues for the first time next year — at the Malaysia International Trade and Exhibition Centre (Mitec) from July 21 to 24 and at the Kuala Lumpur Convention Centre (KLCC) from July 23 to 26.

Symphony Life Bhd’s former chief financial officer Ng Ying Yiing and former group adviser Datuk David Goh were charged at the Sessions Court in Shah Alam for using RM2.57 million in company funds to purchase shares in Cycle and Carriage Bintang Bhd (CCB), without board approval.

Noteworthy:

• Freehold
• Built-up size: 1,808 sq ft
• Floor level: Mid
• 4 bedrooms, 4 bathrooms
• Semi-furnished
• Nearby amenities: Thomson Hospital Kota Damansara, Tropicana Golf & Country Resort, LRT Lembah Subang, CITTA Mall, St Joseph’s Institution
• Accessibility: NKVE, Jalan Lapangan Terbang Subang, DASH, SPRINT (Damansara Link), LDP

When: August 2024