IJM says takeover offer reflects low point in earnings while asset value stays high
IJM Corporation Bhd (KL:IJM) said a takeover bid now on the table reflects the low point in its earnings cycle as the company urged shareholders to reject the offer.
IJM’s plans to list toll assets offer alternative to Sunway takeover in unlocking value — analysts
IJM Corp Bhd's (KL:IJM) plans to list parts of its assets, including construction and toll road business, could provide shareholders with an alternative pathway to unlock value, analysts said, at a time when the group is weighing a takeover offer from rival Sunway Bhd (KL:SUNWAY).
Sunway REIT to establish RM3b sustainability-linked commercial papers programme
Sunway Real Estate Investment Trust (KL:SUNREIT) is establishing a sustainability-linked commercial papers (SLCPs) programme of up to RM3 billion in nominal value.
Scientex’s 2Q earnings rise 9.1% on property, packaging business improvements
Plastic packaging company and property developer Scientex Bhd (KL:SCIENTX) saw its earnings grow by 9.1% in the recently-ended quarter from a year earlier thanks to improvement in both its property and packaging businesses.
Middle East tensions may delay Malaysia property projects, raise construction costs, says Rehda
Malaysia may see moderate property project delays and rising construction costs with protracted geopolitical tensions in the Middle East, developers cautioned.
High debt, low income deter two-thirds of Malaysians from owning properties — Rehda
The Real Estate and Housing Developers' Association (Rehda) said over two-thirds of prospective homebuyers in Malaysia fail to obtain financing for property purchases, mainly due to high debt obligations and inadequate income levels.
8 Conlay developer appealing GDB’s recovery of RM103 mil in unpaid sums
GDB Holdings Bhd (KL:GDB) said the developer of the 8 Conlay project is appealing a court decision ordering the company to pay GDB's unit RM102.8 million in unpaid amount for work carried out.
Data centre jobs keep construction sector outlook upbeat despite mixed quarterly resultsmrt
Malaysia’s construction sector will continue to ride on the ramp-up in private sector jobs, particularly data centre projects, in the coming years, said BIMB Securities.
Ann Joo’s JV sells industrial plot in Gurun for RM117.8 mil
The joint venture between Ann Joo Resources Bhd (KL:ANNJOO) and Transyear Sdn Bhd has secured a deal to sell a 60.1-acre industrial land in Gurun, Kedah, for RM117.81 million cash.
Widad Group appealing court decision on payments claims tied to Langkawi project
Widad Group Bhd (KL:WIDAD) said the group is appealing against the High Court’s dismissal of its application to set aside an adjudication decision relating to payments claims linked to the Langkasuka development in Langkawi.
