News by M

Seal Inc Bhd (KL:SEAL) is relinquishing control over its 31.50-acre reclamation project in Penang to a unit of Penang property developer GSD Land (M) Sdn Bhd to reduce financial risk and funding pressure during the project’s long gestation period.

Johan Holdings Bhd (KL:JOHAN) said its 80%-owned unit is selling a hotel in Lumut, Perak, and three adjoining parcels of land for RM47.43 million in cash—a value that almost doubled its market capitalisation of RM24.33 million as of Monday (Feb 16).

The Johor government has described allegations linking water supply disruptions in Pontian and Simpang Renggam to data centre development as untrue and baseless.

Prime Minister Datuk Seri Anwar Ibrahim on Tuesday called for conservation efforts to be carried out on the 100-year-old Kuala Lumpur and Selangor Chinese Assembly Hall (KLSCAH) building in Jalan Maharajalela.

Residents living near the data centre development at Nusajaya 2 Industrial Park, Gelang Patah, Johor, raised concerns over dust pollution and construction hours at a townhall session convened on Feb 12 by Kota Iskandar assemblyman Datuk Pandak Ahmad.

Construction services outfit GDB Holdings Bhd (KL:GDB) clarified on Monday that it has not issued, authorised or circulated any share investment scheme promising investors a 20% annual return.

The Ministry of Housing and Local Government (KPKT) has moved to reinforce governance and monitoring mechanisms for the MyKiosk initiative following a review by the Malaysian Anti-Corruption Commission (MACC), which found no evidence of criminal misconduct, corruption or abuse of power in the programme’s implementation.

GDB Holdings Bhd (KL:GDB) is acquiring three parcels of leasehold land in Kuching, Sarawak for RM32.72 million, marking its expansion into property development there.

The Ministry of Transport is intensifying efforts to expedite the opening of the Light Rail Transit Line 3 (LRT3), connecting Shah Alam and its surrounding areas to help ease traffic congestion in the Klang Valley.

The main structural framework of Wisma ELM in Bukit Damansara remains intact and structurally sound following an independent engineering assessment, according to AmanahRaya-Kenedix REIT Manager Sdn Bhd.