News by Syafiqah Salim

Former PRG Holdings Bhd (KL:PRG) group managing director and executive vice-chairman Lua Choon Hann has urged the group's two largest shareholders, Datuk Ng Yan Cheng and Datuk Sheah Kok Fah, to put aside their differences, warning that their prolonged dispute could jeopardise the company's future.

The upcoming Rapid Transit System Link could spur Singaporeans to spend an additional RM3.3 billion annually in Johor Bahru, a study released on Thursday showed.

Sheah and three other shareholders moved to remove newly appointed independent director Shahjanaz Kamaruddin.

Chan, 47, informed the board of his decision to resign as director on July 6 ‘in the company’s best interest’.

PRG Holdings Bhd (KL:PRG) said on Thursday it will commence a winding-up petition against  a company linked to its largest shareholder Datuk Ng Yan Cheng over RM64.24 million in alleged outstanding payments for construction works on a residential project in Kuala Lumpur.

This may come as one of the most unexpected corporate twists of the year: a Penang-based chicken hotpot restaurant operator has secured a US$50 million (RM203.85 million) deal to provide maintenance and support services for data centres in Malaysia.

Glomac Bhd (KL:GLOMAC) posted a more than fourfold increase in its fourth-quarter net profit, driven by higher progress billings and prudent cost management despite ongoing external cost pressures.

Selangor Industrial Corporation Sdn Bhd (SIC), a unit of Perbadanan Kemajuan Negeri Selangor (PKNS), has secured a new partner to develop data centres in Cyberjaya, 10 months after withdrawing from its previous project with telecommunications services provider Silver Ridge Holdings Bhd (KL:SRIDGE).

Sunway Construction Group Bhd (KL:SUNCON) said it has secured additional change orders worth RM664.4 million for two data centre-related projects in Johor, bringing the total contract value to RM865.6 million.

Motor vehicle distributor Kia Malaysia will move its local car assembly operations to Stellantis Malaysia's plant in Gurun, Kedah, by the third quarter of 2026.