Asian Pac to sell Semenyih land for RM87.7 mil to fund developments, cut debt
Property developer Asian Pac Holdings Bhd (KL:ASIAPAC) has proposed to dispose of a 35.72-hectare freehold land in Semenyih, Selangor for RM87.69 million cash.
Advancecon unit bags RM66.9 mil earthworks job for Southern Ibrahim Technopolis
Advancecon Holdings Bhd’s (KL:ADVCON) unit has won a RM66.9 million contract from JLG Technopark to carry out earthworks and related tasks for phase one of Southern Ibrahim Technopolis (IBTEC) in Kulai, Johor.
Ilham Tower and Ilham Baru bid to halt company secretary from sharing info with MACC
Ilham Tower Sdn Bhd and Ilham Baru Sdn Bhd that operate the iconic 60-storey Ilham Tower, located on prime land in the city centre, have filed an originating summons (OS) to bar its company secretary from sharing information about the companies with the Malaysian Anti-Corruption Commission (MACC).
AREA Group takes on advisory role for Pentas Industrial City in Kedah
The AREA Group said it will continue to provide advisory services to a collaboration that creates bilateral cooperation and ecosystem frameworks for the implementation of the US$20 billion (RM83.83 billion) China-Malaysia “Two Countries, Twin Parks” initiative by the Shenzhen Government Procurement Association (SGPA).
Bursa reprimands Ecobuilt, fines two ex-directors for delay in announcing winding-up order
Bursa Securities has publicly reprimanded Ecobuilt Holdings Bhd (KL:ECOHLDS) for the latter’s failure to make an immediate announcement and misrepresentation relating to a winding-up order last year.
SunCon divests district cooling JV to Sunway’s facilities arm in group realignment
Sunway Construction Group Bhd (KL:SUNCON) is divesting its entire 40% stake in Engie-Sunway DCS Sdn Bhd to Sunway Bhd’s (KL:SUNWAY) facilities management arm, Sunway Property & Facility Management Sdn Bhd (SPFM), for RM10.98 million cash.
Sunway unit starts RM2b bond programme to fund flagship Johor township project
Sunway Bhd’s (KL:SUNWAY) fully-owned subsidiary, Sunway Iskandar Development Sdn Bhd (SIDSB), has set up a perpetual medium-term note (MTN) programme of up to RM2 billion to fund its flagship Johor township project.
Maxim Global buys office tower on Jalan Klang Lama for RM29.5m
Maxim Global Bhd (KL:MAXIM) is buying a nine-storey office tower on Jalan Klang Lama here for RM29.5 million to serve as its new office.
Kampung Sungai Baru residents turn to court over eviction, seek talks with govt
A day after the fracas over eviction in Kampung Sungai Baru, the village’s residents are now turning to the court while keeping their doors open to talks with the government.
Classita says RM34 mil quoted price for lingerie business stake was illustrative, not final
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.
