News by M

Koon has also established scholarships and contributed generously to universities, including RM1 million annual student grant to Universiti Tunku Abdul Rahman, driven by his belief that education was the key to uplifting society.

IJM is a takeover target of Sunway, which made an offer of 31.5 sen cash per IJM share plus 0.501 new Sunway shares which it will issue at RM5.65 apiece.

Shares of GuocoLand (Malaysia) have climbed 59.8% since the start of the year. The stock last traded at 93.5 sen, the highest since 2018, for a market capitalisation of RM654.9 million.

Sunview also highlighted that the RM75 million impairment recognised in FY2025 relates to works completed under the Large Scale Solar 4 (LSS4) project for PKNP Reneuco Suria Sdn Bhd, a 95%-owned subsidiary of energy and utilities construction outfit Reneuco Bhd.

Eco Business Park 8 (EBP8) hosted the Eco Business Park 8 First Look event on Jan 30 at the EcoWorld Sales Gallery in Eco Business Park II (EBPII), offering businesses and stakeholders an exclusive preview of this newest industrial development strategically located within the Johor-Singapore Special Economic Zone (JS-SEZ).

Sentoria Group Bhd (KL:SNTORIA), a Practice Note 17 (PN17) company, said its co-founder Datuk Gan Kim Leong has ceased to be a substantial shareholder after disposing of his indirect stake in the group’s holding company, Sentoria Capital Sdn Bhd.

UMediC Group Bhd (KL:UMC), through its wholly-owned subsidiary UWHM Sdn Bhd, has signed a lease agreement with Penang Development Corporation (PDC) for a 3.06-acre industrial parcel in Batu Kawan Industrial Park 3.

MTAG Group Bhd (KL:MTAG) has proposed to acquire a parcel of 7.54-hectare vacant land in Johor Bahru for RM53.58 million in cash, to boost its manufacturing capabilities and production capacity.

Bakery product maker and retailer SDS Group Bhd (KL:SDS) is buying a 14.3-hectare (35.4 acre) land in Johor Bahru for RM101.7 million to build a new manufacturing facility.

EcoFirst Consolidated Bhd (KL:ECOFIRS) said it is acquiring two freehold land parcels in Penang island for RM45 million as part of its plan to strengthen its development pipeline and diversify earnings beyond the Klang Valley.