Both SMPP and GBG allege that the defendants caused them losses and damaged their reputations during the project's implementation.

This follows the sale of a 123.141-acre industrial land within Eco Business Park VI in Iskandar Malaysia to Microsoft for RM402.3 million for the latter's development and operation of a data centre in June last year.

The brothers, via private entity Enrich Signature Sdn Bhd, bought 10 million shares in KSSC last Friday (Feb 14) at 83 sen per share — a 10.7% premium over KSSC’s net tangible asset per share of 75 sen — for RM8.3 million.

A sealed order was issued on Feb 12 this year and received by BJD on Feb 17. 

YNH Property said while UHY has issued the draft SIR report, it is currently under review and verification by the company's audit committee.

Lim Seong Hai Capital Bhd (KL:LSH) said AmInvestment Bank has agreed to underwrite its upcoming initial public offering (IPO) as part of the construction-and-engineering firm’s listing transfer to the ACE Market from the LEAP Market.

Avaland Bhd (KL:AVALAND) broke ground for The Island @Cybersouth, a 40-acre centre green space project within the 417-acre Cybersouth township, Cyberjaya earlier this week.

In Malaysia, the property market offers a wide array of choices, from high-rise to landed homes, each with its unique appeal. Buying your first home is an exciting milestone, but it can also feel overwhelming. With so many property options, financing choices, and hidden details, making the right decision requires thorough planning and research. 

Maybank Investment Bank (Maybank IB) believes Eco World Development Group Bhd (KL:ECOWLD) is "actively in talks" with data centre players for projects in its business parks in Klang Valley and Johor.

ALAIA Titiwangsa is set to be relaunched under the Windsor Collection, following the acquisition of Black Lotus Development Sdn Bhd, the project's original developer, by Kenneth Lau, chairman of Multifield International Holdings Ltd, Hong Kong.