News by Choy Nyen Yiau

Tanco Holdings Bhd (KL:TANCO) said it has entered into a joint-venture deal with a China-backed construction firm to jointly bid for logistics warehouse and mega-storage construction projects.

Kimlun Corp Bhd (KL:KIMLUN) said on Tuesday that its wholly-owned subsidiary, Kimlun Sdn Bhd, has accepted the award of three construction contracts in Johor with a combined value of RM617.73 million.

The first contract was awarded by UDA Land (South) Sdn Bhd, a unit of UDA Holdings Bhd, for the main infrastructure works for the UDA Enclave Project in Bandar UDA Utama, Johor Bahru, valued at RM62.42 million.

Sunway Construction Group Bhd (KL:SUNCON) said on Thursday its unit has received a work order valued at RM570 million to carry out core and shell works for a data centre in Johor.

YNH Property Bhd (KL:YNHPROP) announced a board shake-up on Wednesday, after the group’s largest shareholder Datuk Dr Yu Kuan Chon’s son failed to get re-elected at its annual general meeting (AGM) on Wednesday.

TSR Capital Bhd (KL:TSRCAP) has secured a RM48 million contract from Sime Darby Property (Bukit Raja) Sdn Bhd to undertake infrastructure works at the Bandar Bukit Raja township development in Selangor.

Gamuda Bhd (KL:GAMUDA) said on Wednesday its joint venture has secured a construction contract worth close to RM2.7 billion in Australia.

AWC Bhd (KL:AWC) has secured a RM42.3 million subcontract from Gamuda Engineering Sdn Bhd for mechanical works at a hyperscale data centre development in Puncak Alam, Selangor.

Sunsuria Bhd (KL:SUNSURIA) is raising its stake in KL City Gateway Sdn Bhd (KLCG), the developer of the Kampung Sungai Baru redevelopment project, to 61% from 20%.

The much-anticipated Urban Renewal Bill 2025 (URA Bill) has been postponed again, as its debate did not take place during the current parliamentary session.