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Mah Sing Group Bhd has secured shareholders’ approval to proceed with the acquisition of approximately 419.17 acres of freehold land in Kulai, Johor, paving the way for the development of its RM2.26 billion gross development value (GDV) MS Industrial Park @ Kulai project within the Johor-Singapore Special Economic Zone (JS-SEZ). The property developer said the proposed acquisition received overwhelming support from shareholders, with 99.9% of votes cast in favour during an extraordinary general meeting held on Wednesday morning. From left: Mah Sing Group Bhd group CEO and executive director Datuk Voon Tin Yow, chairman/independent non-executive director Admiral (R) Tan Sri Abu Bakar Abdul Jamal, deputy group CEO and executive director Lionel Leong Jihn Haur, executive director Datuk Steven Ng Poh Seng, and founder and group MD Tan Sri Leong Hoy Kum. The land will be acquired from Kuala Lumpur Kepong Bhd’s (KLK) wholly owned subsidiary, Aura Muhibah Sdn Bhd, for RM273.87 million. Mah Sing said the purchase consideration was arrived at based on a willing buyer-willing seller basis and is supported by an independent valuation of RM274 million conducted by Knight Frank Malaysia Sdn Bhd. The acquisition is expected to be completed in the fourth quarter of 2026, after which development works for MS Industrial Park @ Kulai are scheduled to commence. The industrial park development will be undertaken by M Industrial Development Sdn Bhd, a joint venture company between Mah Sing and KLK Land Sdn Bhd. Mah Sing will hold a 60% stake in the joint venture, while KLK Land, a wholly owned subsidiary of KLK, will own the remaining 40%. Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said the strong shareholder support reflects confidence in the strategic importance of the project, which is expected to strengthen the group’s industrial property portfolio and create long-term value for shareholders. The MS Industrial Park @ Kulai is designed to support key growth sectors including advanced manufacturing, logistics, technology and digital infrastructure. Strategically located within Iskandar Malaysia, the development is situated close to major connectivity hubs such as Senai International Airport, Port of Tanjung Pelepas, Johor Port, the North-South Expressway, Senai-Desaru Expressway and the Second Link connecting Malaysia and Singapore. The project will feature a mix of industrial offerings, including cluster factories, semi-detached factories, detached factories and industrial land parcels ranging from one to eight acres. These parcels are expected to cater to customised industrial facilities, logistics operations and potential data centre developments. Upon completion of the acquisition, Mah Sing’s total land bank will increase to approximately 2,682.51 acres, providing the group with greater opportunities to expand its residential and industrial development pipeline. Mah Sing noted that it has established a presence in Johor since 2000, having completed various residential townships and industrial developments in the state with a combined GDV of approximately RM4.47 billion. The group’s ongoing and upcoming Johor projects, including M Grand Minori, M Minori, Meridin East, M Tiara 2 and Tiara Hills, collectively carry an estimated development value of RM11.62 billion. Mah Sing first announced the MS Industrial Park @ Kulai project through a joint venture signing ceremony with KLK on Dec 19, 2025. Under the arrangement, Mah Sing will oversee the planning, development and execution of the industrial park through a project management agreement. The latest development marks another step in Mah Sing’s strategy to expand its industrial property portfolio amid growing demand for manufacturing, logistics and technology-related infrastructure in the Johor region.

Geohan Corp Bhd has strengthened its project pipeline after securing a contract worth RM40.9 million from China State Construction Engineering (M) Sdn Bhd to undertake construction works for a mixed development project in Kuala Lumpur. In a statement, the foundation and geotechnical specialist said the contract covers key construction activities for a prestigious development located along Persiaran KLCC, Kuala Lumpur. The project comprises two 65-storey serviced apartment towers with a combined total of 850 residential units. Under the awarded contract, Geohan’s scope of works includes bored piling works, reinforced concrete works and basement wall construction, which form critical components of the development’s foundation and structural requirements. The company said the construction works are expected to be completed by early June 2027, contributing to the group’s ongoing efforts to maintain a healthy project pipeline and reinforce its position within the construction and infrastructure sector. Geohan added that the latest contract win comes shortly after the group secured another major project, namely the RM28 million Xintiandi development project located in Genting Permai, where construction activities commenced in May 2026. The two recent project awards have helped sustain Geohan’s order book at approximately RM420 million, supported by a diversified portfolio comprising residential developments, mixed-use projects and infrastructure-related works across Peninsular Malaysia. The group said these project wins reflect continued confidence from industry players in Geohan’s technical capabilities and execution expertise, particularly in foundation engineering and complex construction works.

Adnex Group Bhd has secured a RM10.96 million subcontract for an interior design fit-out project at Sunway Square Corporate Tower 1, further strengthening its presence in Malaysia’s commercial interior construction sector. In a filing with Bursa Malaysia, the group said its wholly-owned subsidiary, Adnex Interior Solution Sdn Bhd (AIS), has entered into a subcontract agreement with JLL Project and Construction Management Sdn Bhd, the project’s general contractor, to undertake the interior fit-out works for Hilti Asia IT Services Sdn Bhd. The subcontract covers the execution of interior design and fit-out works in accordance with the project specifications and requirements set out by JLL. AIS, which specialises in commercial interior fit-out solutions, will be responsible for delivering the project to the required quality and completion standards. The project officially commenced yesterday and is scheduled for completion on Dec 24, 2026, with a construction period of approximately five months. Upon practical completion, the project will be subject to a 12-month defects liability period, during which AIS will be responsible for rectifying any defects identified in accordance with the terms of the subcontract agreement. Adnex said the contract reflects the group’s continued ability to secure quality projects within the commercial property sector and highlights AIS’s expertise in delivering interior fit-out solutions for corporate office developments. The company expects the project to contribute positively to the group’s earnings over the duration of the contract.