KLSE:IJM

4 stories mentioning KLSE:IJM

Every FINWIRES story that references KLSE:IJM, newest first.

IJM Unit to Sell Property for MYR48 Million

IJM (KLSE:IJM) said its unit IJM Properties agreed to dispose of a piece of land together with a single-story building for 47.5 million ringgit.The property, located in Sabah, Malaysia, will be sold to Coupang, the asset-holding company of the Econsave Cash & Carry, according to a Friday Malaysian bourse filing.The deal is expected to close by the third quarter, the conglomerate said.Proceeds will be used to pay off expenses and boost working capital.

KLSE:IJM

Asia17d ago

Malaysian Shares End in Red Amid Mixed Regional Performance; IJM's Shares Rise 4%

Malaysian shares extended losses on Friday due to broad-based selling, amid a mixed regional performance.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, fell 1.86 points to end 0.1% lower at 1,683.07. The day range was between 1,680.59 and 1,694.65.In economic news, Malaysia's official reserve assets stood at $129.7 billion, while other foreign currency assets amounted to $66.6 million as of the end of April.In corporate news, shares of IJM (KLSE:IJM) gained over 4% on Friday's close after its unit IJM Properties agreed to disposal of a piece of land together with a single-story building for 47.5 million ringgit. The property, located in Sabah, Malaysia, will be sold to Coupang - the asset-holding company of the Econsave Cash & Carry.Shares of Berjaya Property (KLSE:BPROP) dropped about 2% on close after its unit Nural Enterprise shed 21.9 million shares, or about 1.98% equity interest in 7-Eleven Malaysia (KLSE:SEM) to Detik Ria for about 43.9 million ringgit.

FTSE Bursa Malaysia KLCIKLSE:BPROPKLSE:IJMKLSE:SEM

Asia25d ago

Malaysian Shares Book Seventh Day of Losses on Higher Oil, Diesel Prices; PUC Shares Rally 25%

Malaysian shares fell for a seventh straight session on Thursday, after the country hiked prices of unsubsidized oil and diesel.The FTSE Bursa Malaysia KLCI shed 9.33 points to end nearly 0.5% lower at 1,708.36. The day range was between 1,708.36 and 1,722.50.Malaysia increased retail fuel prices for unsubsidized petrol and diesel amid ongoing geopolitical tensions in West Asia. RON97 rose by 0.15 ringgit to 4.85 ringgit per liter, unsubsidized RON95 petrol increased by 0.20 ringgit to 4.07 ringgit per liter, while diesel in Peninsular Malaysia climbed 0.10 ringgit to 4.97 ringgit per liter.In corporate news, shares of PUC (KLSE:PUC) jumped 25% on Thursday's close after its unit G Universe said it will acquire a 100% stake in IT specialist GenieX Lab for 1 million ringgit in cash.Sunway Healthcare's (KLSE:SUNMED) first-quarter profit dropped to 33.3 million ringgit from 38.8 million ringgit a year earlier. The company attributed the slump to higher depreciation, finance costs, and IPO-related expenses weighing on earnings. Shares slid 1% on today's close.The Malaysian Anti-Corruption Commission's (MACC) two investigation papers on Sunway's (KLSE:SUNWAY) proposed acquisition of IJM (KLSE:IJM) remain active, after finding possible offences under anti-corruption and anti-money laundering laws involving two individuals, The Star reported.

FTSE Bursa Malaysia KLCIKLSE:IJMKLSE:PUCKLSE:SUNMEDKLSE:SUNWAY

Asia25d ago

Market Chatter: Malaysian Watchdog Keeps Probe Open into IJM-Sunway Deal, Clears Chairman

The Malaysian Anti-Corruption Commission's (MACC) two investigation papers on Sunway's (KLSE:SUNWAY) proposed acquisition of IJM (KLSE:IJM) remain active, after finding possible offences under anti-corruption and anti-money laundering laws involving two individuals, The Star reported Wednesday.The agency has taken statements from 13 people so far as part of the probe, according to the report.Separately, MACC said its investigation into IJM's chairman Krishnan Tan has been closed with no further action, as no criminal wrongdoing or governance breaches were found. It also dismissed 2.5 billion ringgit money laundering allegations after joint checks with Bank Negara Malaysia, tax authorities and the UK Serious Fraud Office found no supporting evidence, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KLSE:IJMKLSE:SUNWAY