News by EdgeProp

AMMB Holdings Bhd said its wholly-owned subsidiary AmBank (M) Bhd has submitted an application to the Ministry of Economy (MOE) in relation to its proposed acquisition of Menara AmBank and related assets for RM331 million.

Karyon Industries Bhd (KIB) has proposed to acquire a piece of freehold industrial land together with a detached factory in Bandar Seri Alam, Johor, for RM8.61 million cash.

Gamuda Land and Taylor's Assets today officially broke ground on Haus on 15, marking the start of the redevelopment of the former Taylor's College Subang Jaya campus into a mixed‑use community anchored by purpose‑built student accommodation (PBSA), residential units and retail spaces.

EC Excel Holdings Bhd (formerly known as K. Seng Seng Corp Bhd) said its 51%-owned subsidiary Metalmach Micro Technology Sdn Bhd (MMTSB) has entered into a sale and purchase agreement (SPA) with MCGF Sdn Bhd in relation to the proposed acquisition of a piece of freehold industrial land in Bandar Sri Sendayan, Seremban, for RM10.17 million in cash.

Oriental Holdings Bhd (OHB) said the second sale and purchase agreement (SPA 2) under its proposed RM411 million acquisition package involving hotel‑related assets in Penang and Langkawi has become unconditional after the remaining conditions precedent were fulfilled or waived.

PRG Holdings Bhd has received a statutory demand under Section 466(1)(a) of the Companies Act 2016 for RM21.22 million from shareholder Ng Yan Cheng in relation to advances provided to the company.

Sapura Industrial Bhd (SIB) has signed a sale and purchase agreement (SPA) to dispose of two adjoining leasehold industrial land parcels in Bandar Baru Bangi, Selangor, for a total cash consideration of RM42.33 million, in line with the group’s move to realise capital appreciation from long‑held properties and redeploy funds into its core operations.

SC Estate Builder Bhd has applied to Bursa Malaysia Securities for an extension of time to submit a combined circular to shareholders on six proposals, including its planned diversification into property investment and renewable energy.

Nestcon Bhd has obtained shareholder approval for its proposed acquisition of three land parcels in Iskandar Puteri, Johor, and for the group’s diversification into property development, with both ordinary resolutions passed at its extraordinary general meeting (EGM).

UEM Sunrise Bhd (UEMS) is exiting its marina joint venture at Puteri Harbour, Johor, via the disposal of its entire 40% equity stake in Sarandra Malaysia Sdn Bhd (SMSB) to its Singapore-based partner ONE15 Marina Holdings Pte Ltd for RM50,000 in cash.