News by M

Property developer Bertam Alliance Bhd (KL:BERTAM) is set to exit Bursa Malaysia's Practice Note 17 (PN17) category for financially distressed companies on Thursday (June 12), after being in the status for seven years.

A developer of data centres planned in the Johor-Singapore Special Economic Zone (JS-SEZ) has secured RM15 billion in financing from a group of lenders.

Noteworthy:

• Freehold
• Built-up size: 1,526 sq ft
• Floor level: Mid
• 3 bedrooms, 3 bathrooms
• Semi-furnished
• Nearby amenities: Sunway 163 Mall, Mont’Kiara International School, Damansara Specialist Hospital 2, Garden International School, Kuala Lumpur Golf & Country Club
• Accessibility: SPRINT-Damansara and Penchala Links, NSE, NKVE, Jalan Dutamas

When: January 2025

Binastra Corporation Bhd (KL:BNASTRA) on Wednesday said it has secured a contract worth RM268 million to build serviced apartments.

Lulu Group is shutting down its hypermarkets in Malaysia, while keeping its wholesale division in the country.

The Kuala Lumpur Local Plan 2040 (KLLP2040) has been gazetted and comes into effect today. It will be officially launched by the Prime Minister on June 24.

Global hospitality technology company OYO has introduced SUNDAY Hotel in Malaysia, with simultaneous launches in Kuala Lumpur and Pantai Cenang, Langkawi.

EcoWorld signed on three major tenants at the lifestyle-focused commercial hub Santai Square recently.

Property outfit NCT Alliance Bhd (KL:NCT) has proposed another acquisition of a majority stake in a Sabah landowner. The RM36 million acquisition will be settled via a share transfer.

Property development company Encorp Bhd (KL:ENCORP), an indirect subsidiary of the Federal Land Development Authority (Felda), has appointed Ahmad Harzimi Mohd Taib as its new group CEO, with immediate effect.