Kumpulan Jetson Bhd (KL:JETSON) is disposing of its entire equity interest in GRP Sdn Bhd, an indirect wholly owned subsidiary, for a total consideration of RM14.8 million, as part of a portfolio rationalisation exercise.
Sarawak-based oil palm planter Rimbunan Sawit Bhd (KL:RSAWIT) is disposing of a 1,504-hectare parcel of plantation land in Miri for RM28 million, cash, as it moves to exit the remote estate that has been weighing on its operating efficiency and profitability.
Selangor Dredging Bhd (KL:SDRED) is acquiring a freehold commercial land in Petaling Jaya for RM63 million to expand its land bank, with the site earmarked for a proposed development carrying an estimated gross development value (GDV) of RM507 million.
Sunway Bhd (KL:SUNWAY) said on Thursday that its unit has proposed a sukuk wakalah programme of up to RM10 billion to fund working capital and refinancing of borrowings.
Scheduled for Feb 7 and 8, the tour will focus on the theme “Future Culture” and is open to the public.
CGS International in a note said the deal could boost Sunway’s credibility and narrow its holding company discount after Sunway Healthcare Group Bhd’s expected listing in the first quarter of 2026.
Assets that are well positioned in terms of purpose, infrastructure readiness and occupier relevance are expected to outperform, while misaligned developments face growing penalties.
The research house said in a note IGB had also stepped up landbanking activities with recent land acquisitions near Mid Valley Southkey, in Petaling Jaya, and in Ipoh.
IJM shares gained 19 sen or 6.9% to RM2.94 — their highest since August.
Sunway Bhd (KL:SUNWAY) plans to acquire rival company IJM Corporation Bhd (KL:IJM) in a cash-and-share deal worth over RM11 billion.
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