Knusford to sell Setapak land for RM7m to fund working capital
Knusford Bhd (KL:KNUSFOR) is disposing of a 0.304-hectare freehold land in Setapak, Kuala Lumpur, for RM7 million cash in a related-party transaction.
Knusford Bhd (KL:KNUSFOR) is disposing of a 0.304-hectare freehold land in Setapak, Kuala Lumpur, for RM7 million cash in a related-party transaction.
AYER Holdings Bhd (KL:AYER) reported a revenue of RM171.1 million for the financial year ended Dec 31, 2025 (FY2025), a 59% increase from RM107.7 million recorded in FY2024, driven mainly by stronger contributions from its property development segment.
Malaysia has reached a milestone in sustainable digital infrastructure with the country’s first hyperscale data centre receiving provisional GreenRE Platinum certification for water, energy and sustainability design.
Tune Protect Malaysia and Verdant Solar Sdn Bhd introduced Malaysia’s first integrated residential solar and protection model, addressing concerns around financial risks, system damage and unexpected operational disruptions faced by 100,000 homes in Malaysia that have solar photovoltaic (PV) systems installed.
IGB Bhd (KL:IGBB) said its proposed RM214.97 million acquisition of two leasehold land parcels in Johor Bahru, undertaken via a joint venture with a Johor state-owned company, has received approval from the Ministry of Economy.
The contract was awarded to the company’s unit, Kitacon Sdn Bhd, by Rawang Lakes Sdn Bhd, according to a filing to the stock exchange.
Chief Minister Datuk Seri Ab Rauf Yusoh said the achievement was based on data released by the Ministry of Investment, Trade and Industry (Miti) and the Malaysian Investment Development Authority (Mida), reflecting investors’ confidence in the stability of the state administration and its economic development direction.
Bina Puri Holdings Bhd (KL:BPURI), which has at least six winding-up petitions against its subsidiaries, has landed a RM42.5 million contract to undertake construction works for a project in the Limbang district of Sarawak.
Gamuda Bhd (KL:GAMUDA) fell on Monday as weaker-than-expected results at the largest Malaysian construction firm by revenue failed to assuage investors during broader market selldown.
Construction and property player AME Elite Consortium Bhd (KL:AME) is acquiring two parcels of freehold land measuring a total of 31.82 acres in Senai, Johor, for RM101.18 million, cash, from Nice Frontier Sdn Bhd (NFSB).