AmanahRaya Real Estate Investment Trust (REIT) is planning to dispose of Holiday Villa Beach Resort & Hotel Spa in Langkawi, Kedah for RM145 million, cash, to trim its borrowings.
Power Root Bhd is buying 116 parcels of freehold residential land, totalling about 771,949 sq ft in Johor Bahru, Johor, for RM25 million in cash.
The property, which is located at Giant Hypermarket Bercham, has a net book value of RM23.09 million.
This is to reduce the burden of living cost for the B40 and M40 income groups in the city.
Due to higher construction material prices, TCS Group Holdings Bhd has scrapped its plan to develop a condominium project, known as Arcadia, in Kuala Langat, Selangor.
KIP Real Estate Investment Trust (KIP REIT) is buying KIPMall Kota Warisan in Sepang, Selangor for RM80 million cash.
Construction engineering company Zelan Bhd has decided to terminate the contract of its chief executive officer (CEO) Hazimi Baharum.
Mah Sing Group Bhd is buying two plots of land measuring 75.75 acres in Johor Bahru for RM76.09 million to develop a residential project with a gross development value (GDV) of RM480 million.
Pesona Metro Holdings Bhd won a RM180.84 million contract to undertake subcontract works for the construction of the Malaysian National Film Development Board’s (Finas) headquarters in Damansara Damai, Petaling Jaya.
LTAT announced the successful takeover bid after its offer for BHB closed at 5pm on Monday (June 12).
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