Pavilion REIT prices private placement at RM1.40 apiece to raise some RM360m
Pavilion Real Estate Investment Trust (KL:PAVREIT) raised about RM360 million from a private placement of shares priced at RM1.40 per unit.
Na'imah to challenge Ilham Tower seizure in court, her lawyers say, accusing MACC of harassment
Toh Puan Na'imah Khalid, widow of the late former finance minister Tun Daim Zainuddin, will immediately challenge the Malaysian Anti-Corruption Commission’s (MACC) second seizure of Ilham Tower in court, said her lawyers.
Econpile secures RM43 mil piling job for Penang LRT project
Econpile Holdings Bhd (KL:ECONBHD) has secured a RM42.82 million subcontract to undertake piling works for the Mutiara Line light rail transit (LRT) project in Penang.
Court fixes June 9 to deliver decision on leave bid to cite eight for committal in KL Tower case
The High Court has fixed next Monday (June 9) to deliver its decision on whether to grant leave (permission) to the former operator of KL Tower to initiate proceedings against eight individuals and entities, including the government, for committal.
Paramount CEO says group will stay invested in Eco World International despite Malaysian pivot
Property developer Paramount Corp Bhd (KL:PARAMON) is keeping invested in Eco World International Bhd (KL:EWINT), in which it bought a 21.45% stake last year to speed up its overseas expansion, despite EWI’s recent decision to shift its focus to the Malaysian property market instead.
MACC again seizes Ilham Tower linked to late Daim's family
The Malaysian Anti-Corruption Commission (MACC) has once again seized Ilham Tower in Jalan Binjai here, owned by the family of the late Tun Daim Zainuddin, this time in connection with alleged money laundering.
Nestcon delays property diversification, proceeds with RM15.1m office deal
Construction company Nestcon Bhd (KL:NESTCON) said its plan to diversify into property development for more revenue sources will take more time and be revised.
IOI Properties to take full ownership of Singapore’s South Beach development in RM2.75b deal with CDL
IOI Properties Group Bhd (KL:IOIPG) is acquiring the remaining 50.1% stake in Singapore’s South Beach development from City Developments Ltd (CDL) for RM2.75 billion (S$834.22 million), giving the Malaysian developer full ownership of the high-profile mixed-use asset.
I-Bhd launches RM10 mil AI and robotics infrastructure
I-Bhd (KL:IBHD) has announced an initial commitment of RM10 million to roll out artificial intelligence (AI) and robotics infrastructure across its portfolio over the next four years to 2028.
Malaysia in the spotlight as host of Southeast Asia’s first Smart City Expo
Malaysia has entered the final 100-day countdown to host Southeast Asia’s first Smart City Expo, with Kuala Lumpur set to welcome over 10,000 delegates and 300 exhibitors from more than 20 countries this September.
