SKYWORLD DEVELOPMENT SIGNS MOU FOR SECOND PROJECT IN VIETNAM
SkyWorld Development Berhad (“SkyWorld Development”) announced its second venture in Vietnam through its subsidiary, SkyWorld Development (Vietnam) Company Limited. The company signed an MOU with SkyVenue Land Group to co-develop the remaining plots of the Guocoland Commercial Complex in Thuan An City, Binh Duong Province, Vietnam. The project includes two residential plots and a mixed-use tower, with plans to launch by Q4 2024.
KIP REIT EXPANDS INDUSTRIAL FOOTPRINT WITH 4 NEW ACQUISITIONS
KIP REIT, through Pacific Trustees Berhad, is set to acquire four strategic industrial properties in Malaysia for RM98.3 million. This move aligns with KIP REIT’s strategy to diversify its portfolio, ensuring stable rental yields.
BINASTRA SECURES RM155 MILLION MEMBRANE BIOLOGICAL REACTOR SEWAGE PLANT CONSTRUCTION CONTRACT
Binastra Corporation Berhad has secured a RM155.0 million contract! Its wholly owned subsidiary, Binastra Builders Sdn. Bhd. will design and build a membrane biological reactor (MBR) sewage treatment plant in Sri Hartamas, Kuala Lumpur, with a capacity of 160,000 Population Equivalents. The project is expected to be completed within 36 months.
AXIS-REIT ACQUIRES 2 PROPERTIES IN PELABUHAN KLANG FOR RM158.644 MILLION
Axis-REIT is acquiring two warehouse facilities in Pelabuhan Klang for RM158.644 million. These properties, with a total lettable area of 301,228.40 sq. ft., will be leased to MDSB for 9 years, starting with a monthly rental of RM570,179.03
T7 GLOBAL SECURES RM74.6 MILLION CONTRACT FROM MINDEF
T7 Global Berhad (“T7 Global”) announced that its subsidiary, T7 Kemuncak Sdn Bhd, has secured a RM74.6 million contract from the Ministry of Defence Malaysia (“MINDEF”). The contract involves supplying, delivering, testing, and commissioning airfield surveillance radar (ASR) and associated systems to the Royal Malaysian Air Force (RMAF) over the next five years.
KIP REIT FURTHER INFLATES ASSET PORTFOLIO WITH 3RD ACQUISITION FOR THE YEAR
Pacific Trustees Berhad, on behalf of KIP REIT, has entered into a conditional SPA to acquire a leasehold land in Gerik, Perak for RM14.8 million. This acquisition aligns with KIP REIT’s strategy to expand its retail asset portfolio, now totaling 12 assets. The property, currently leased by TF Value-Mart, will offer an expected annual yield of 7.5%, enhancing sustainable growth.
YXPM RECEIVES BURSA APPROVAL FOR MAIN MARKET TRANSFER
YX Precious Metals Bhd has received approval from Bursa Malaysia to transfer their listing from the ACE Market to the Main Market, under the consumer products and services sector. This is a significant achievement for the Group as they continue to grow and expand.
OCK SECURES 3 NEW DATA CENTRE CONTRACTS WORTH RM32.5 MILLON
OCK Group Berhad’s subsidiary, EI Power Technologies Sdn Bhd, has secured three new contracts worth RM32.5 million for data centre backup power solutions. This critical project will ensure uninterrupted operations during power outages, further strengthening their position as Malaysia’s leading telecommunications network solutions provider.
KERJAYA PROSPEK SECURES RM275 MILLION CONTRACT
Kerjaya Prospek’s subsidiary has secured a RM275.3 million contract for a 50-storey serviced apartment in Pulau Andaman, Penang. Construction will begin on 2 January 2025 and is set to complete in 38 months. The contract is from Persada Mentari Sdn. Bhd., part of Eastern & Oriental Berhad.
T7 GLOBAL’S TSEVEN SHIRLEY MOPU ACHIEVES FIRST OIL
T7 Global Berhad’s wholly owned TSEVEN SHIRLEY Mobile Offshore Production Unit (MOPU) has successfully achieved first oil production at the Nong Yao field in the Gulf of Thailand. This is a significant step forward in their ongoing efforts to deliver innovative energy solutions across the region.
