News by theedgemalaysia.com

I-Bhd (KL:IBHD) has committed RM10 million for intelligent infrastructure pilots across i-City, signalling a deeper push into smart city development as the group continues its strategic shift towards a tech-enabled urban platform.

Mulpha International Bhd (KL:MULPHA) will get A$339.3 million (RM933.7 million) from its 15.2% stake in Australian retirement operator Aveo Group, which it had to sell under a tag-along arrangement.

Mah Sing Group Bhd (KL:MAHSING) has officially launched M Legasi, Mah Sing’s largest freehold township in the Klang Valley.

TRX City Sdn Bhd, the master developer of the 70-acre Tun Razak Exchange (TRX), held a groundbreaking ceremony on Thursday to mark the construction of a new office tower in TRX.

Sunway Property, the property arm of Sunway Bhd (KL:SUNWAY), through joint-venture subsidiary Sunway Rawang City Sdn Bhd, has entered into a sale and purchase agreement to acquire approximately 99.6 acres of freehold land in Kuang, Selangor, for RM65.1 million.

Sarawak-based developer Hock Seng Lee (HSL) is set to develop a 13.5-acre master-planned project opposite the Kuching International Airport.

Trinity Group Sdn Bhd is set to launch Phase 2 of its Trinity Sensoria residential development in Ampang North soon, following the complete take-up of the RM172 million Phase 1 within six months of its soft launch.

IGB Real Estate Investment Trust (KL:IGBREIT) rose on Wednesday following its plan to buy the Mid Valley Southkey Mall in Johor Bahru for RM2.65 billion in a cash-and-units deal.

CIMB Securities sees significant potential in SD Guthrie Bhd’s (KL:SDG) proposed joint ventures (JVs) to develop industrial parks in Port Dickson and Carey Island, but notes that the financial impact will hinge on the speed of land sales and income generation from the developments.

China Communications Construction (ECRL) Sdn Bhd (CCC-ECRL) said it has "wholly disputed" an alleged outstanding payment claim of RM15.22 million made by a subsidiary of Advancecon Holdings Bhd (KL:ADVCON) in relation to the latter's works on the East Coast Rail Link (ECRL) project.