Practice Note 17 (PN17) company Ivory Properties Group Bhd has signed a deal to sell a heritage commercial building known as The Birch House in George Town, Penang, for RM18 million with ENS Timah Sdn Bhd.
Kumpulan Jetson Bhd (KL:JETSON) has received a writ of summons from three minority shareholders who are seeking a court order to void a requisition notice dated April 23, 2025, and to halt any corporate action based on it.
Noteworthy:
When: January 2025
Net rental income declined to RM17.81 million for the first quarter ended March 31, 2025 (1QFY2025), from RM18.48 million in the same period a year earlier.
The partnerships will bring a new wildlife experience, two eco-resorts, and an indoor children’s play centre to locations including the 1,111-acre Paya Indah Discovery Wetlands, the 90-acre Wetlands Arboretum and The Hive at Gamuda Cove.
The collaboration, formalised through a memorandum of understanding, will study the best ways to capture and use or store CO₂ in steel production.
CIMB Securities said Gamuda is well placed to win upcoming data centre projects at the Springhill Industrial Park, and also Google's planned sites at the Elmina Business Park and Eco Business Park.
The works are at two 50-storey serviced apartment blocks in Kuala Lumpur for Aricia Sdn Bhd, a subsidiary of Chin Hin Group Bhd.
The concession agreement for the Kampung Baru Link, meanwhile, is being finalised with a deadline by Dec 31, 2026.
The Real Estate and Housing Developers' Association Malaysia (Rehda) Institute has called on the government to introduce a “Tiered Developer Classification System” as part of the licensing process to help curb abandoned housing problems.
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