CENSOF SECURES RM12.4 MILLION DEAL TO DIGITALISE LOCAL AUTHORITY LICENSING
Censof Holdings Berhad has secured a RM12.4 million contract from the Ministry of Housing and Local Government to develop the One Stop Centre (OSC) Licensing System, a nationwide digital platform to streamline and automate local authority licensing processes, reinforcing Censof’s role in driving Malaysia’s digital government agenda.
KIP REIT COMPLETES ACQUISITION OF KIPMALL DESA COALFIELDS AND FIRST TRANCHE OF PRIVATE PLACEMENT
KIP Real Estate Investment Trust (“KIP REIT”) has completed the acquisition of KIPMall Desa Coalfields in Ijok, Selangor, together with the listing of 123 million new units under its private placement. This addition expands KIP REIT’s portfolio to 15 properties across Peninsular Malaysia, reinforcing its recurring income base and presence in Selangor’s suburban corridor, while keeping the Group on track towards its RM2.0 billion asset target.
BINASTRA SECURES RM132.0 MILLION PILING WORKS CONTRACT FOR CAUSEWAYZ SQUARE @ JBCC
Binastra Corporation Berhad is pleased to announce that its wholly-owned subsidiary, Binastra Builders Sdn. Bhd., has accepted a contract worth RM132.0 million from Exsim Lumba Kuda Sdn. Bhd. (“EXSIM”).
The contract entails earthworks, piling, pile cap and diaphragm wall works for a proposed 63-storey serviced apartment development, Causewayz Square @ JBCC, in Johor Bahru, comprising a total of 4,525 units across 4 residential towers. The construction is scheduled to begin on 2 September 2025 and targeted for completion within 16 months.
AXIS-REIT COMPLETES MAIDEN RM300.0 MILLION SENIOR SUKUK ISSUANCE
Axis-REIT has completed its maiden RM300.0 million Senior Sukuk issuance to strengthen its financing mix and fund future growth.
UMEDIC UNVEILS NEW STRATEGIC VENTURE INTO MEDICAL SERVICES
UMediC Group Berhad has officially launched its new medical services segment at its headquarters today, marking a strategic vertical expansion into healthcare services.
Building on its strong presence among hospitals and local healthcare providers, this new segment will offer post-recovery care at a dedicated care centre, comprehensive ambulance solutions equipped with the latest medical devices, and a learning centre to conduct training workshops for public health awareness and professional medical training, further enhancing UMC’s integrated healthcare offerings.
COGNITIVE CONSULTING, A CENSOF SUBSIDIARY, RECOGNISED AS UIPATH AGENTIC AUTOMATION FAST TRACK PARTNER
AGOGO FPSO ACHIEVES FIRST OIL FOUR MONTHS AHEAD OF SCHEDULE AND BEGINS 15-YEAR FIRM CHARTER
Yinson Production has begun the 15-year charter for the Agogo FPSO with Azule Energy, following first oil achieved four months ahead of schedule. The USD 5 billion contract marks Yinson’s first asset in Angola and the world’s first operating FPSO with carbon capture technology.
SKYWORLD DEVELOPMENT ACQUIRES 26.4 ACRES IN PENANG TO BUILD NEW PPVC MODULAR SYSTEMS MANUFACTURING FACTORY
SkyWorld Development Berhad is acquiring 26.4 acres of freehold land in Seberang Perai Tengah, Penang for RM82.7 million to build a modular systems factory, supporting its 35,000-unit affordable housing projects under the Rumah Bakat MADANI schemes.
ITMAX SECURES SECOND SMART PARKING CONTRACT IN SELANGOR
ITMAX System Berhad’s unit Selmax Sdn Bhd has been appointed by Shah Alam City Council to operate the Selangor Intelligent Parking (SIP) system for 10 years, with a 5-year extension option, under a 50:50 revenue-sharing model. CEO William Tan Wei Lun said the contract reinforces ITMAX’s role in modernising urban mobility through AI-powered solutions that enhance parking compliance, efficiency, and public safety.
PHARMANIAGA COMPLETES REGULARISATION PLAN, SETS COURSE TO EXIT PN17 BY Q1 2026
Pharmaniaga Berhad has completed its Regularisation Plan with the successful RM520 million Capital Reduction, paving the way to exit PN17 by Q1 2026.
The Group had earlier raised RM223.7 million via Rights Issue and Private Placement, with proceeds to reduce debt, boost expansion, and strengthen financial resilience.
