News by theedgemalaysia.com

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.

Plenitude Bhd (KL:PLENITU) has named Ng Yoon Thai as its new chief executive officer to lead the real estate firm that is involved in development, investment and hospitality.

Gadang Holdings Bhd (KL:GADANG) has posted a net loss of RM10.38 million for its third financial quarter ended Feb 28, 2026 (3QFY2026), a reversal from a net profit of RM9.08 million a year earlier, after it was hit by additional costs.

Careplus Group Bhd (KL:CAREPLS) said it is disposing of its entire stake in its property development unit Centro Heights Sdn Bhd to streamline its asset portfolio and unlock asset value.

Conditions have been favourable for builders so far into 2026, though industry players are cautioning about upcoming projects vulnerable to rising costs.

IHG Hotels & Resorts (IHG) has signed a management agreement for Kimpton Kota Kinabalu, marking the second property for the luxury lifestyle brand in Malaysia.

Construction firm MGB Bhd (KL:MGB) has bagged a RM34.76 million contract to build residential units in Jeddah, Saudi Arabia.

Sunway Bhd (KL:SUNWAY) said Tan Sri Abdul Wahid Omar has joined the conglomerate’s board as an independent and non-executive director.

IJM Land Bhd has invested approximately RM6.8 million in a new recreational precinct within its S2 Heights Aman development in Seremban 2, according to a press statement issued on Wednesday.

IOI Properties Group Bhd (KL:IOIPG) extended its rally to new highs on Wednesday as investors kept piling into bets of potential asset spin-offs by the property developer.