News by Syafiqah Salim

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.

Maxland Bhd (KL:MAXLAND) has scrapped two planned land leases in Kedah for a proposed data centre and district cooling system after revising its business strategy.

GuocoLand (Malaysia) Bhd (KL:GUOCO) slipped into its first quarterly net loss in four years despite a higher revenue, mainly due to a RM7.2 million inventory write-down for its PJ City project.

The potential sale of Marina One, a mixed-use development in Singapore owned by M+S Pte Ltd, is said to have attracted bidders including CapitaLand Group and Hongkong Land Holdings Ltd, international news wires Bloomberg reported.

Landmarks Bhd (KL:LANDMRK) said its external auditor KPMG PLT has issued an unqualified opinion with a material uncertainty related to the group’s ability to continue as a going concern.

KLCCP Stapled Group (KL:KLCC), controlled by Petroliam Nasional Bhd, said rising cost pressures may weigh on its retail and hotel segments this year amid heightened economic uncertainty from prolonged Middle East tensions.

Samchem Holdings Bhd (KL:SAMCHEM), an integrated chemicals and lubricants distributor, is leasing industrial land in Johor Bahru to build a bulk liquid storage terminal to expand capacity.

SGX Mainboard-listed InnoTek Ltd has committed S$5 million (RM15.5 million) to a new manufacturing facility in Melaka, which is slated to begin operations this year as the company looks to strengthen its presence in Southeast Asia.