AXIS-REIT ANNOUNCES RM800 MILLION PURCHASE OF A FREEHOLD INDUSTRIAL PROPERTY IN SEBERANG PERAI, PENANG
Axis REIT Managers Berhad (“ARMB”), on behalf of Axis Real Estate Investment Trust (“Axis-REIT”), has proposed to acquire an industrial property from Ann Joo Steel Berhad (“AJSB”) for RM800 million, marking its largest acquisition to date.
Following the purchase, AJSB will lease back the property for eight years at an initial monthly rental of RM4.16 million.
Situated on 135.53 acres of freehold land in Prai Industrial Estate, Penang, the property offers strong connectivity to major transport links. Axis-REIT CEO Leong Kit May said the acquisition reinforces the trust’s strategy of securing prime industrial assets and expanding its presence in Penang.
KERJAYA PROSPEK SECURES RM87.7 MILLION CONTRACT IN SHAH ALAM
Kerjaya Prospek Group Berhad has secured an RM87.7 million contract to build 133 shop lots in Elmina, Shah Alam. Work begins on 17 November 2025 with completion expected in 30 months. This brings the Group’s year-to-date contract wins to RM958 million and lifts its order book to RM3.6 billion. CEO Tee Eng Tiong highlighted the project as part of Kerjaya’s continued expansion in high-growth urban areas.
UUE SECURES ITS LARGEST CONTRACT EVER IN SINGAPORE
UUE Holdings Berhad has secured a SGD20.9 million (RM67.3 million) contract in Singapore, its largest to date, via subsidiary Konnection Engineering Pte Ltd. The project, awarded by Wee Guan Construction, covers the supply and installation of 230kV power cables and HDPE pipes using HDD technology, with completion targeted by end-2027.
This contract lifts UUE’s order book to a record RM521.9 million and brings year-to-date wins to over RM362 million, reinforcing its capabilities and expanding its full-scope role in Singapore’s utilities sector, said Managing Director Datuk Dr Ting Kok Hwa.
BINASTRA GROWS DATA CENTRE PORTFOLIO WITH RM188.5 MILLION CONTRACT WIN
Binastra Corporation Berhad has secured a RM188.5 million contract for mechanical and electrical works at AIMS Group’s data centre in Cyberjaya, scheduled for completion within four months. This fifth data centre project raises Binastra’s total secured data centre value to RM1.4 billion, with current new contracts reaching RM2.0 billion and an outstanding order book of RM4.7 billion.
UUE SECURES RM26.7 MILLION CONTRACT IN EAST COAST OF MALAYSIA
UUE Holdings Berhad (“UUE”) announced that its subsidiary, Kum Fatt Engineering Sdn Bhd, has secured a RM26.7 million contract from Sutera Utama Sdn Bhd for 11kV underground cable works in TNB’s east coast network.
The win lifts UUE’s order book to a record RM454.6 million, reinforcing its strong earnings outlook and commitment to supporting Malaysia’s energy infrastructure and transition agenda.
KIP REIT RECORDS STRONG FY2025 PERFORMANCE AND STRATEGIC MILESTONES AT 9TH ANNUAL GENERAL MEETING
KIP Real Estate Investment Trust (“KIP REIT”) successfully held its 9th AGM at KIP Hotel, Kuala Lumpur, with strong unitholder support reflecting confidence in its growth strategy.
For FY2025, KIP REIT’s total assets rose to RM1.6 billion with portfolio occupancy at 96.7%, while distribution per unit improved to 6.8 sen. CEO Ms. Valerie Ong described the year as transformative, driven by strategic acquisitions and disciplined capital management, reaffirming KIP REIT’s goal of achieving RM2.0 billion in assets under management by 2027.
MGB CLINCHES RM118.5 MILLION CONTRACT FOR PHASE 2 RESIDENSI WILAYAH HOUSING PROJECT
MGB Berhad, a subsidiary of LBS Bina Group, has won a RM118.5 million contract from UDA Accord Development for the Residensi Wilayah Phase 2 project in Kuala Lumpur. The project strengthens MGB’s order book to RM1.25 billion and supports affordable housing development.
LFG PROPOSES BONUS ISSUE OF WARRANTS AND EMPLOYEES’ SHARE SCHEME
Lianson Fleet Group Berhad (“LFG”) has proposed a bonus issue of Warrants B and an Employees’ Share Scheme (“ESS”) to reward shareholders and align employee interests with the Group’s growth goals.
Shareholders will receive one (1) Warrant B for every ten (10) shares held, potentially raising up to RM271.9 million for working capital. The ESS, covering up to 10% of issued shares, aims to motivate and retain key talent. Both initiatives are expected to be completed by the first quarter of 2026.
Executive Chairman Lim Chern Wooi said the proposals reflect confidence in LFG’s long-term fundamentals and commitment to shared growth.
YINSON GREENTECH LAUNCHES NEXT GENERATION HYDROMOVER 2.0 AND SECURES LANDMARK ELECTRIC VESSEL DEPLOYMENTS IN THE UAE
Yinson GreenTech, through its marine electrification arm marinEV, has launched the Hydromover 2.0, a next-generation fully electric cargo vessel offering triple the range, faster charging, and greater cargo capacity. Featuring marinEV’s Marine Digital Platform for real-time analytics and smart vessel management, the Hydromover 2.0 sets a new benchmark for zero-emission maritime logistics.
Yinson GreenTech also signed bareboat charter agreements with Yacht International UAE and an MoU with Wilhelmsen Port Services to expand electric vessel adoption across the UAE by mid-2026.
KIP REIT EXPANDS INDUSTRIAL PORTFOLIO WITH ACQUISITION OF LEASE INTEREST IN PASIR GUDANG, JOHOR
Pacific Trustees Berhad, trustee of KIP Real Estate Investment Trust (“KIP REIT”), announced the completion of its RM23.3 million acquisition of an industrial property in Pasir Gudang, Johor, valued at RM24.1 million. Tenanted by PK Fertilizers Sdn Bhd, the asset enhances KIP REIT’s industrial portfolio and income stability. The acquisition marks progress toward the Group’s RM2.0 billion AUM target, bringing its portfolio to 18 income-generating properties across Peninsular Malaysia and Sarawak.
