News by theedgemalaysia.com

Classita Holdings Bhd (KL:CLASSITA), which is set to be renamed NexG Bina Bhd, clarified on Thursday that the proposed selling price for its 49% stake in its lingerie business is not fixed at RM34.1 million, contrary to earlier reports.

Gamuda Bhd (KL:GAMUDA) said a consortium comprising its Singapore subsidiary and two other companies has submitted the highest bid of S$1.01 billion (about RM3.33 billion) in a tender for a mixed-use residential and commercial site in Singapore.

Fire protection solutions provider Unique Fire Holdings Bhd (KL:UNIQUE), which recently transferred to the Main Market of Bursa Malaysia, is acquiring a land parcel measuring 4,926 square metres in Shah Alam for RM15.54 million, to support its long-term expansion plans.

Al-Salam Real Estate Investment Trust (KL:ALSREIT) has proposed the establishment of a sukuk programme worth up to RM3 billion in nominal value.

Aman Cove Sdn Bhd, a joint venture between Aman Setia Group and Imperio Group, has signed a sales and purchase (S&P) agreement with Kulim Technology Park Corporation (KTPC) on Sept 8, to acquire 69.95 acres of commercial and residential land at the Kulim Hi-Tech Park (KHTP) for RM67 million.

Sunway Bhd (KL:SUNWAY) and its local partner have secured another residential site in Chuan Grove, Singapore after submitting the best bid at S$623.91 million (RM2.05 billion).

Vantage Data Centers said on Thursday it plans to acquire a hyperscale data centre campus in Johor as part of a US$1.6 billion (RM6.8 billion) investment secured to expand in Asia-Pacific.

Bandar Malaysia Sdn Bhd, the state-owned developer of the eponymous project, has agreed to pay compensation as settlement for scrapping a deal to develop Escape theme park.

DXN Holdings Bhd (KL:DXN) said its proposed acquisition of an apartment unit at the Burj Khalifa skyscraper in Dubai is part of the multi-level marketing company's sales motivation scheme aimed at rewarding top-performing distributors.

Citaglobal Bhd (KL:CITAGLB) will develop an industrial park project in Pahang on its own after exercising an option to acquire the land for RM90 million in cash and irredeemable convertible preference shares from its joint venture (JV) partner.