News by M

Shareholders of Sunway Construction Group Bhd (KL:SUNCON) are set for a cash windfall as the group declared its maiden special dividend of 23 sen per share—payable on Jan 8, 2026—since its listing.

Practice Note 17 (PN17) company Ireka Corp Bhd (KL:IREKA) said it has secured a RM15.5 million subcontract to build a government health clinic and integrated quarters in Mak Mandin, Seberang Perai, Penang.

Sime Darby Property Bhd (KL:SIMEPROP) is well-positioned to take on more debt to fund its income-generating industrial and data centre projects.

Sime Darby Property Bhd (KL:SIMEPROP) expects its newly opened KLGCC Mall in Bukit Kiara to break even sooner than initially projected as early operating indicators on the mall operation have exceeded internal forecasts.

Sime Darby Property Bhd’s (KL:SIMEPROP) net profit for the third quarter ended Sept 30, 2025 (3QFY2025) rose 31.2% year-on-year (y-o-y) to RM168.23 million from RM128.26 million, boosted by stronger sales and cost efficiency in its property development business.

A quick success story to highlight: PropNex Malaysia’s open house held back in September successfully led to a sale in the same month.

Pekat Group Bhd (KL:PEKAT) has secured a RM33.8 million subcontract from Gamuda Engineering Sdn Bhd for works at a hyperscale data centre in Eco Business Park V, Puncak Alam, Selangor.

Malaysian Resources Corporation Bhd (KL:MRCB) has signed a joint venture memorandum of understanding (MOU) with Saudi Arabia’s RUA AlHaram AlMakki Company to explore collaborative opportunities within the King Salman Gate development in Makkah, Saudi Arabia.

Haily Group Bhd (KL:HAILY) has secured two construction contracts worth a combined RM80.3 million for residential projects in Taman Bestari Perdana, Plentong, Johor Bahru.

Ibraco Bhd (KL:IBRACO) is disposing of approximately 4.2 acres of vacant land in Kuching, Sarawak for RM35.4 million, in a move aimed at unlocking the land’s value and supporting the expansion of private healthcare services in Sarawak.