IGB plans one-for-two bonus issue
IGB Bhd (KL:IGBB) has proposed a bonus issue of one new share for every two shares held in the property group.
IGB Bhd (KL:IGBB) has proposed a bonus issue of one new share for every two shares held in the property group.
Construction outfit Sarawak Consolidated Industries Bhd (KL:SCIB) is venturing into property development through a joint residential and commercial project in Bintulu, Sarawak.
The firm is 80%-owned by Pagalavan C Rangasami and 20% by Rajasulochana Pagalavan, according to a bourse filing on Monday.
The cement manufacturer has been without a group managing director since September 2023, after Hugo Enrique Losada Barriola stepped down "due to personal reasons".
Malaysia’s home ownership is on the climb, with the figure seeing a moderate pick up last year compared to two years ago.
Chin Hin Group Property Bhd (KL:CHGP) said it is buying 25.9 acres of land just outside Kuala Lumpur for RM91 million in cash to develop a housing project with an estimated gross development value (GDV) of RM560 million.
IGB Bhd (KL:IGBB) is acquiring the site of Perak’s shuttered theme park, Movie Animation Parks Studios (MAPS), for RM43.65 million to replenish its land bank.
Malaysia Airports Holdings Bhd (MAHB) is willing to cooperate with the Malaysian Anti-Corruption Commission (MACC) if it investigates the RM456 million aerotrain upgrade, but the airport operator has not received any request yet, said managing director Datuk Mohd Izani Ghani.
Malaysia Airports Holdings Bhd (MAHB) on Friday said ‘standard failures’ which caused the Kuala Lumpur International Airport (KLIA) aerotrain service disruptions have been resolved.
Property developer Bedi Bhd (KL:BEDI), formerly known as WMG Holdings Bhd, entered into a deal on Thursday to sell a hypermarket property in Sandakan, Sabah to retailer and wholesaler Mydin for RM85 million. Mydin is the property’s current lessee.