News by M

UEM Sunrise Bhd is disposing of 17 parcels of land in Perak, measuring a cumulative 1,776.6 acres to Sunsuria Bhd for RM75.52 million, as part of the group’s strategy to monetise non-strategic lands.  

Sunsuria Bhd 65%-owned indirect subsidiary Tapah Land Development Sdn Bhd has entered into three agreements to acquire 17 pieces of leasehold lands in Perak.

Ireka Corp Bhd said on Friday (Dec 2) that it is still working on a regularisation plan to address its financial condition after the construction company's admission into Practice Note 17 (PN17) list of Bursa Malaysia on March 1.

Advancencon Holdings Bhd is collaborating with the Perak State Development Corporation (PKNPk) to initiate a pilot project for the development of centralised labour quarters (CLQ) in Perak, with the aim of supporting the growth rate of the state’s industrialisation and economic development.

YLI said the two pieces of land have a combined size of 4.675 acres, both located in Seberang Perai Tengah.

Sime Darby Property said the acquisition is in line with the group's journey under the SHIFT25 strategy to transform from a pure play property developer into a real estate company by broadening and diversifying income streams.

Prior to holding the CFO position at S P Setia, Annuar Marzuki Abdul Aziz, 52, was CFO and chief investment officer of KLCC Property Holdings Bhd.

Ireka Corp Bhd has been slapped with a RM97.91 million suit from a joint venture (JV) partner linked to obligations of a JV agreement for a development project.

In a Bursa Malaysia filing, AmFIRST REIT said Raja Nazirin Shah Raja Mohamad, 59, has resigned as CEO and director of the REIT “to pursue other opportunities”.

The deadline for Top Builders to release its first quarter for the financial year ending June 30, 2023 (1QFY2023) report was Wednesday (Nov 30), as per Bursa Malaysia’s main market listing requirements.