MGB bags RM118.5m contract for affordable apartments
MGB Bhd (KL:MGB) has secured a RM118.5 million contract to build affordable apartments in Kuala Lumpur from UDA Accord Development Sdn Bhd.
Mulpha sells entire stake in London hotel for RM190m
Mulpha International Bhd (KL:MULPHA) has sold its entire 33% stake in the London Marriott Hotel for £33.8 million (RM190.3 million) to fund working capital requirements and venture into new investments.
IJM Corp could win another contract from Elmina data centre project, analysts flag
IJM Corporation Bhd (KL:IJM) could win another data centre related job at Elmina Business Park following its latest contract announcement, analysts flagged.
Loke: No compromise on crackdown against overloaded lorries
Transport Minister Anthony Loke Siew Fook has reiterated that there will be no compromise in enforcing laws against overloaded lorries, despite appeals from industry groups for leniency due to higher operating costs.
Housing Ministry eyes travel bans for blacklisted developers of abandoned housing projects
The Ministry of Housing and Local Government is reviewing the Housing Development (Control and Licensing) Act 1966 to impose stricter actions on blacklisted developers for abandoned housing projects, including possible travel bans for their directors.
Builders say crackdown on overloaded lorries could delay projects across country
Just 10 days into the Transport Ministry’s crackdown on overloaded lorries, construction groups have warned that the move could delay project deliveries, disrupt budgets and slow key housing and infrastructure projects under the 13th Malaysia Plan (13MP).
Ho Hup’s Low family ceases to be substantial shareholder
Ho Hup Construction Co Bhd’s (KL:HOHUP) founding Low family has ceased to be a substantial shareholder in the company amid a boardroom tussle.
Mudajaya secures promised properties as payment from disputed KL project
Mudajaya said that it had secured an order of specific performance for developer Crest Worldwide Resources Sdn Bhd to deliver vacant possession of the properties from the High Court under the civil suit on Oct 22.
Sunway taps S$600m term loan for MCL Land purchase
Sunway said the term loan facility will raise its gross borrowings to RM12.78 billion from RM10.91 billion as of end-December 2024, while net borrowings are expected to rise to RM8.45 billion from RM6.57 billion.
Aman Setia secures Giant as anchor tenant for Aman Parc township in Kedah
Kedah-based developer Aman Setia Group has secured GCH Retail (Malaysia) Sdn Bhd as the anchor tenant of its Aman Parc township, with plans to build and lease a Giant supermarket under a 15-year agreement involving a total investment of RM10 million.
