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TM Global To Expand Data Centres In Cyberjaya, Johor To Meet Growing Demand

KUALA LUMPUR, Nov 11 (Bernama) -- TM Global, the wholesale arm of Telekom Malaysia Bhd (TM), will expand its Klang Valley Data Centre (KVDC) in Cyberjaya and the Iskandar Puteri Data Centre (IPDC) in Johor to meet surging demand for local and international data hosting services.

Lantronix Expands 5G Portfolio With US$6.5 Mln NetComm Acquisition

KUALA LUMPUR, NOV 8 (Bernama) -- Lantronix Inc has signed a definitive agreement to acquire from NetComm Wireless Pty Ltd (NetComm), a subsidiary of DZS Inc, all of the assets of its enterprise Internet of Things (IoT) business for US$6.5 million in cash together with assumptions of certain liabilities. (US$1=RM4.38)

Ecoworld Malaysia Inks Deal To Acquire Land In Selangor For RM742.4 Mln

KUALA LUMPUR, Nov 7 (Bernama) -- Eco World Development Group Bhd (EcoWorld Malaysia) has announced that, following its participation in a request for proposal process initiated by Boustead Properties Bhd (BProp), it has inked several agreements to develop 10 parcels of freehold land in Selangor.  

Mah Sing Unit To Buy Land In Old Klang Road For RM112.97 Mln

KUALA LUMPUR, Nov 7 (Bernama) -- Mah Sing Group Bhd’s wholly-owned unit Major Land Development Sdn Bhd has entered into a sale and purchase agreement with Pink Forest Sdn Bhd for a proposed acquisition of 2.12 hectares of freehold land along Old Klang Road for RM112.97 million.

Gagasan Nadi Cergas To Acquire Student Hostel Asset Management For RM185 Mln

KUALA LUMPUR, Nov 5 (Bernama) -- Gagasan Nadi Cergas Bhd has proposed the strategic acquisition of a student hostel asset management concession valued at RM185 million.

IHH Completes Acquisition Of Island Hospital In Penang For Nearly RM4 Bln

KUALA LUMPUR, Nov 4 (Bernama) -- IHH Healthcare Bhd (IHH) has completed the acquisition of Island Hospital, a 600-bed facility in Penang, for an equity consideration of about RM3.9 billion.

Pluxee Raises 2025 & 2026 Outlooks, Exceeds Financial Targets

KUALA LUMPUR, Nov 1 (Bernama) -- French-based company, Pluxee has posted net profit of 133 million euros for the full year, up 64.2 per cent from 81 million euros in the same period of the prior year driven by outstanding performance in fiscal 2024 exceeding all business and financial objectives. (1 euro = RM4.76)

Axis-REIT Raises RM449.73 Mln Via Largest Private Placement To Date

KUALA LUMPUR, Oct 30 (Bernama) -- Axis Real Estate Investment Trust (Axis-REIT) has raised RM449.73 million through its largest private placement.

Juwai IQI: Chinese Capital Moving Away From G7 Economies, Coming Back To Asia

KUALA LUMPUR, Oct 29 (Bernama) -- International real estate technology group Juwai IQI said that Chinese capital is moving away from the Group of Seven (G7) economies and coming back to Asia, especially Southeast Asia, where Malaysia and its neighbours are some of the biggest beneficiaries of the Chinese pivot to Asia.

AirAsia Carries Over 45 Million Passengers Year-to-date -- Capital A

KUALA LUMPUR, Oct 28 (Bernama) -- AirAsia has carried over 45 million passengers year-to-date, maintaining a high load factor of 90 per cent, said Capital A Bhd. 

CapitaLand Malaysia Trust Posts Higher 3Q Net Profit

KUALA LUMPUR, Oct 24 (Bernama) -- Capitaland Malaysia Trust (CLMT) registered a higher net profit of RM30.23 million in the third quarter ended Sept 30, 2024 (3QFY2024) compared with RM27.78 million recorded in the same period a year ago.

Budget 2025: RM1.8 Billion Allocated For New Ships To Strengthen MMEA Capabilities

KUALA LUMPUR, Oct 18 (Bernama) -- The government's announcement of RM1.8 billion for three new ships for the Malaysian Maritime Enforcement Agency (MMEA) in Budget 2025 comes at a critical time, given the agency's current asset constraints in safeguarding national waters.