News by M

Johor-based property developer Paragon Globe Bhd (KL:PGLOBE) said it has entered into a deal to undertake its first serviced apartment project in Johor Bahru, with an estimated gross development value (GDV) of RM1.49 billion.

Noteworthy:

• Freehold
• Built-up size: 2,440 sq ft
• Land size: 2,200 sq ft
• 4 bedrooms, 3 bathrooms
• Nearby amenities: MRT Pusat Bandar Damansara, MRT Semantan, Damansara City Mall (DC Mall), Pavilion Damansara Heights, The Five @ Semantan, HELP University, Cempaka International School Damansara Heights, Stella Maris International School Medan Damansara
• Accessibility: SPRINT — Damansara Link and Kerinchi Link, LDP, MRR1, Jalan Tuanku Abdul Halim, Jalan Semantan, Jalan Damanlela, Jalan Duta-Sungai Buloh Highway

When: July 2024

US-based Insulet Corp, a medical device company, has officially opened a 400,000 sq ft manufacturing facility on a 13-acre site in Johor Bahru to produce its Omnipod brand of products primarily for diabetes.

S P Setia Bhd today announced that for the six months ended June 30, 2024, the group’s total net profit after tax reached RM404 million, an increase from last year’s profit of RM121 million, as it gained RM361 million profit from strategic monetisation of its landbank in Taman Pelangi Indah 2, Johor and Glengowrie, Semenyih.

Varia Bhd (KL:VARIA) said on Wednesday it had secured a construction subcontract worth RM61.45 million.

Mah Sing Group Bhd (KL:MAHSING) officially launched its latest serviced apartment project named M Azura in Setapak here in conjunction with the opening ceremony of the development’s sales gallery in Wangsa Maju here on Wednesday.

Malayan Banking Bhd (KL:MAYBANK) announced in a press release issued on Wednesday, the launch of its enhanced green home financing, which offers customers a higher financing margin for certified green homes in Malaysia.

Solarvest Holdings Bhd (KL:SLVEST) and NCT Group of Companies have commenced phase one of their solar-ready industrial park project at the NCT Smart Industrial Park (NSIP) in Sepang.

Prasarana Malaysia Bhd, the operator of rail services including Light Rail Transit (LRT) networks, the KL Monorail and Mass Rapid Transit (MRT) lines, said on Wednesday it will be adding 300 new vans under its demand responsive transit (DRT) operations in the Klang Valley and Penang by June 2025.

LBS Bina Group Berhad (KL:LBS) announced that its wholly-owned subsidiary, Gerbang Mekar Sdn Bhd (GMSB) has received and filed a memorandum of appearance at the Kuala Lumpur High Court in respect to a writ and statement of claim amounting to RM43.03 million.