News by syafiqah Salim

The integration of Pestech’s capabilities in railway signalling and electrification also complements IJM’s diversified value chain portfolio, said IJM. 

ACE Market-listed Tex Cycle Technology (M) Bhd is disposing of a three-storey detached industrial building constructed on a piece of leasehold land measuring 4,823 sq m in Jalan Kuchai Lama, for RM29 million.

The group said that via its wholly-owned unit Vestland Resources Sdn Bhd, it has secured the contract from its recurring customer Mercu Majuniaga Sdn Bhd.

IOI Corp Bhd has appointed former Khazanah Nasional Bhd senior adviser and director Lim Tuang Ooi as its new independent and non-executive director.

Property developer Mah Sing Group Bhd will be developing a mixed residential development named M Zenya in Kepong with a total estimated gross development value (GDV) of about RM500 million.

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.