Yong Tai buys Sabah property developer for RM15m
Yong Tai Bhd (KL:YONGTAI) is acquiring Sabah-based property developer Sumberjaya Builders Sdn Bhd for RM15 million, as it aims to tap into development opportunities in Lahad Datu and Tawau.
Mulpha to receive RM933.7 mil from sale of interest in Australia’s Aveo Group
Mulpha International Bhd (KL:MULPHA) will get A$339.3 million (RM933.7 million) from its 15.2% stake in Australian retirement operator Aveo Group, which it had to sell under a tag-along arrangement.
Guocoland faces RM5.5 mil impact after arbitration loss to contractor
Guocoland (Malaysia) Bhd (KL:GUOCO) said the group faces a net financial impact of RM5.54 million following an arbitration ruling against its wholly owned subsidiary over a disputed project termination.
Chin Hin scraps RM51m data centre acquisition due to unmet conditions
Chin Hin Group Bhd (KL:CHINHIN) has called off its planned acquisition of data centre-related firms after the target companies failed to secure an order book of at least RM380 million, a key condition for completion.
Berjaya Land sells 80% stake in Vietnamese property developer for RM202m
Berjaya Land Bhd (KL:BJLAND) said the group is divesting its entire 80% stake in a company undertaking a mixed-use development in Hanoi, Vietnam for 1.239 trillion dong (RM201.96 million) in cash.
Vizione, Permaju Industries mutually terminate RM490m Sabah housing construction contract
Vizione Holdings Bhd (KL:VIZIONE) said a RM490 million contract for the construction of apartments in Sabah awarded to the group by Permaju Industries Bhd (KL:PERMAJU) has been terminated.
Kumpulan Kitacon bags RM88m building contract
The contract encompasses main building works, including external, ancillary and infrastructure works, for 106 bungalow units in Rawang, Selangor.
Chin Well buys three parcels of Seberang Perai land for RM48.4m
It is buying the property from High Rich Realty Sdn Bhd, which is controlled by Datuk Seri Tiong Chiong Hoo, Kelvin Tiong Yung Yiing, Clara Tiong Siew Ee and Rosalina Ling Hung Ching via Oriental Evermore Sdn Bhd and Bright World Trading Co Ltd.
Real estate executive Joseph Lau now Crest Builder’s second-largest shareholder
Datuk Joseph Lau, the head of the developer behind Desa ParkCity township, has emerged as the second largest shareholder of construction firm Crest Builder Holdings Bhd (KL:CRESBLD).
Gadang faces RM19 mil hit from termination of joint development in Cyberjaya
Gadang Holdings Bhd (KL:GADANG) announced it will allocate about RM19 million in additional costs for the financial year ending May 31, 2025 (FY2025), following the termination of an agreement to jointly develop a parcel of land in the Cyber 9 precinct of Cyberjaya with Cyberview Sdn Bhd.
