MBSB to acquire MIDF via RM1.01 bil share deal
Malaysia Building Society Bhd (MBSB) will acquire the entire equity interest in Malaysian Industrial Development Finance (MIDF) from Permodalan Nasional Bhd (PNB) via a RM1.01 billion share deal.
Ageson’s RM279m industrial land disposal called off
The agreement, which proposed AHSB to build 33 industrial lots with a gross development value of RM278.78 million, was mutually terminated by the pair.
Govt aims to reopen closed roads in Klang Valley soon to ease traffic congestion, says Zahid
Roads closed due to construction work will be reopened soon to reduce traffic congestion in the Klang Valley, according to Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi.
Fajarbaru clinches RM125m mixed development construction job
Fajarbaru Builder Group Bhd has secured a RM125.3 million construction contract for a mixed development project in Penang.
OCR Group plans RM27m private placement to fund development projects
Property developer OCR Group Bhd has planned a private placement of up to 40% of its share base to raise an estimated RM26.97 million to fund its development projects.
Vincent Tan ceases to be BLand's substantial shareholder
The stake, comprising 69.89 million shares was sold via direct business transactions on March 30.
Parliament approves converting RM165m govt loan to UDA into equity
The purpose of the exercise is to reduce UDA’s financial burden and ensure the company continues to implement development projects for the economic growth of the country as well as safeguard the interest of bumiputera in urban areas.
Sunsuria explores EV venture with China’s IAT Automobile
The MOU is part of China’s RM170 billion foreign direct investment commitments secured by Malaysia in conjunction with Prime Minister Datuk Seri Anwar Ibrahim’s visit to China last week.
BLand’s extension bid to comply with public shareholding spread rejected
Berjaya Land Bhd (BLand)’s application for a six-month extension to comply with its approved public shareholding spread requirement of 20% was rejected by Bursa Malaysia Securities Bhd.
Symphony Life sues former partner for RM150 mil over terminated joint development agreement
Symphony Life Bhd is suing its former development partner for RM150 million over a terminated agreement to jointly develop residential condominiums in Langkawi.
