Industrial news in Malaysia
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AME Elite buys 176 acres in Pontian for i-Park project
AME Elite Consortium Bhd is acquiring 176.45 acres of freehold agricultural land in Jeram Batu, Pontian, Johor, for RM199.8 million from Hak Soon Seng Plantation (M). RHB Research maintained its BUY call and raised its target price to RM2.33, saying the site could become another i-Park industrial development benefiting from the Johor-Singapore Special Economic Zone. The acquisition, funded internally, is expected to complete in the first half of 2027.
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PTT Synergy buys Seberang Perai Selatan land for RM62.5m
PTT Synergy Group Bhd is acquiring a 3.925-hectare freehold parcel at Lot 1597, Mukim 12, Seberang Perai Selatan, Penang for RM62.53 million cash. The land will be held as an investment property for future development, funded by internal funds and bank borrowings, with completion expected by Q1 2027.
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AME Elite to buy 176.5 acres in Pontian for RM199.8m
AME Elite Consortium Bhd is acquiring 176.5 acres of freehold land in Mukim Jeram Batu, Pontian, Johor, for RM199.8 million cash to expand its industrial land bank within the Johor-Singapore Special Economic Zone. The purchase, made through two wholly owned subsidiaries, is targeted for completion in the first half of 2027 and follows a separate 31.8-acre buy in Senai.
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Sime Darby Property launches first ready-built factories at BBR Business Park
Sime Darby Property has unveiled Prestige Collection 1, its first ready-built semi-detached factory offering at BBR Business Park in Bandar Bukit Raja, Selangor. The launch took place at the Bandar Bukit Raja Industrial & Commercial Connect 2026 event, where the developer also previewed its Quadria II shop offices.