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.

Noteworthy:

• Freehold
• Built-up size: 678 sq ft
• 1 bathroom
• Semi-furnished
• Nearby amenities: Sunway 163 Mall, Publika Shopping Gallery, Mont’Kiara International School, Global Doctors Hospital
• Accessibility: SPRINT-Damansara and Penchala links, LDP, DUKE, NKVE

When: December 2024

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 (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 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.

Tata Electronics’ potential entry into Malaysia through the acquisition of a fabrication, or semiconductor assembly and test (OSAT) plant could significantly revitalise the country’s technology sector, according to PublicInvest Research.

Construction outfit Taghill Holdings Bhd (KL:TAGHILL) has announced the resignation of its CEO and executive director, Ng Wai Hoe, effective immediately.

An arbitral tribunal has ruled against Zelan Bhd’s (KL:ZELAN) in a dispute related to a construction contract with subcontractor Landasan Kapital (M) Sdn Bhd.

Malaysia on Tuesday announced plans for the development of ‘Madani City’ in Putrajaya, aiming to advance both sustainable and high-tech living.

Loss-making Ta Win Holdings Bhd (KL:TAWIN) is disposing of a parcel of industrial land with a single-storey detached factory in Port Klang to Metal Recovery Industries Sdn Bhd (MRI) for RM44.5 million.