News by theedgemalaysia.com

Mah Sing Group Bhd (KL:MAHSING) has signed a strategic collaboration agreement with MapleHome to introduce professionally managed serviced accommodation at its M Grand Minori development in Johor Bahru.

Paragon Globe Bhd (KL:PGLOBE) (PGB) and United Overseas Bank (M) Bhd (UOB Malaysia) have signed a five-year Memorandum of Collaboration (MOC) on Friday to support green financing, sustainability integration and cross-border investments linked to the Johor–Singapore Special Economic Zone (JS-SEZ).

Builder and property developer Chin Hin Group Bhd (KL:CHINHIN) is partnering with PTT Synergy Group Bhd (KL:PTT) to jointly develop smart warehouses, industrial parks and digital logistics infrastructure.

Magna Prima Bhd (KL:MAGNA) announced that its largest shareholders—Datuk Seri Wong Sze Chien and managing director Seah Ley Hong—closed their mandatory takeover offer with a 54.96% stake in the company.

Sentral REIT (KL:SENTRAL), which owns a portfolio of prime office and commercial buildings in Klang Valley and Penang, saw its third-quarter net property income (NPI) slip, no thanks to higher operating expenses, including one-off equipment repairs and replacement costs across several properties.

IJM Construction Sdn Bhd, wholly owned by IJM Corp Bhd (KL:IJM), has accepted a RM1.4 billion Letter of Award from its sister company New Pantai Expressway Sdn Bhd (NPESB) for the design and build of the New Pantai Highway Extension.

NCT Group of Companies said it launched its maiden RM1 billion sukuk wakalah programme on Thursday.

“A comprehensive study covering legal, technical, and financial aspects is being conducted to ensure such initiatives can benefit the public without imposing additional fiscal strain on the government.”

Construction company GDB Holdings Bhd (KL:GDB) has secured a court order enforcing an RM83 million adjudication award in its dispute with KSK Land Sdn Bhd over payments following the developer’s termination of its unit as the main contractor of the 8 Conlay project.

A decades-long legal battle over unlawful government land acquisition must be resolved by the Federal Court as it directly impacts citizens' constitutional right to property, senior counsel Datuk Dr Cyrus Das argued before the apex court on Thursday.