News by M

EPMB said the acquisition will be funded through internally generated funds and bank borrowings.

Crescendo’s quarterly revenue increased 16% to RM82.44 million from RM71.06 million due to stronger contributions across all segments; namely property development and construction, manufacturing and trading, property investment, services and others. 

The investment panel of the civil service pension fund better known as KWAP had deliberated on Sunway’s offer and decided to turn it down earlier this month, according to people familiar with the matter. KWAP has a little under 10% stake in IJM.

The group provides digital construction planning services, using 3D models to help developers, consultants and contractors design and manage projects more efficiently.

The Malaysian property market has historically functioned as a key pillar of national economic development, moving through distinct cycles of expansion and correction.

Media Chinese International Ltd (MCIL) is drawing a definitive line under its North American print legacy, disposing of its Toronto industrial property for CAD$9.9 million (RM28.65 million) following the cessation of its Canadian media operations on Feb 1, 2026.

Paragon Globe Bhd is advancing its industrial pivot through a strategic partnership with GSP Automotive Group to develop a 47-acre automotive-focused industrial hub (“AutoPark”) in Iskandar Puteri, Johor, with an estimated gross development value (GDV) of RM1.5 billion.

Paramount Property has converted the land tenure of its fully sold Sinaran Residences (residential) and Sinaran Avenue (commercial) developments in Utropolis Batu Kawan, Penang, from leasehold to freehold, benefiting 980 purchasers.

Sunway Group and Equalbase have officially opened 103°, a 55-hectare free commercial zone (FCZ) in Sunway City Iskandar Puteri, Johor with its first two warehouses spanning 1.5 million sq ft completed and fully leased to international operators.