YX Precious Metals Bhd (YXPM) has announced plans to acquire a 720 sq m parcel of land in Kuala Lumpur from XMA Realty Sdn Bhd for RM10 million, in a move aimed at expanding its asset base and supporting future growth initiatives. According to a statement released by the company, the proposed acquisition is part of YXPM’s strategic plan to enhance its property holdings and diversify its investment portfolio. The land, situated in a prime location within the federal territory, is expected to provide potential opportunities for future development or operational use, although the company has not disclosed specific plans for immediate development. YXPM said the acquisition will be funded through its internal cash reserves, and will not have any immediate impact on its share capital. The company also noted that the transaction is subject to the necessary approvals and due diligence procedures, including regulatory and board endorsements. The proposed purchase reflects the company’s focus on securing strategic land assets in key urban locations, which could potentially strengthen its long-term financial position and provide new avenues for growth. Analysts suggest that prime land in Kuala Lumpur continues to hold strong value due to its limited supply and potential for future appreciation. YXPM has a track record in the precious metals and related industries, and this move into property assets signals a strategic diversification that could complement its core business. The company emphasized that the acquisition aligns with its broader corporate strategy of building a sustainable and resilient asset base. No further details were provided regarding the timeline for completion of the transaction, or any intended developments on the site. The company said it will make additional announcements as and when material developments occur. Investors and stakeholders will be watching closely, as the acquisition could potentially influence YXPM’s asset value and long-term growth trajectory, particularly if the land is leveraged for strategic projects in the coming years.

Exsim Hospitality Bhd has partnered with developer Majestic Gen to introduce professionally managed accommodation in selected developments across Malaysia, with a potential pipeline of over 3,000 keys over the next four years. Under the collaboration, Exsim Hospitality’s Mana Mana Hospitality brand will serve as the operator for selected projects within Majestic Gen’s portfolio. Participation in the hospitality management programme will remain optional for homeowners. From left: Majestic Gen executive director Ta Wee Dher, general manager of sales and marketing (group) Grace Foo, Mana-Mana Hospitality managing director Debbie Leow and Exsim Hospitality executive director Paramjit Singh at the signing ceremony on Wednesday. Majestic Gen’s general manager of sales and marketing (group), Grace Foo, said the partnership reflects the developer’s aim to enhance the value and resilience of its projects. “Our collaboration with Mana Mana Hospitality aligns with Majestic Gen’s vision of delivering sustainable, high-quality, and innovative developments across Malaysia,” she said at the partnership-signing ceremony on Wednesday. The programme will be introduced progressively, based on project suitability and rollout plans, with Majestic Residence in Kuala Lumpur among the first developments to adopt it. For Exsim Hospitality, the partnership is part of a strategy to scale Mana Mana Hospitality into a larger hospitality operating platform. Mana Mana Hospitality managing director Debbie Leow said the collaboration supports the brand’s expansion beyond short-term rentals into lifestyle resorts and full-service hotels. “This partnership demonstrates the scalability of our model, and working with a developer with a nationwide pipeline enables us to grow our hospitality platform more consistently,” she said.

Gadang Holdings Bhd has announced plans to acquire a parcel of freehold land measuring 11.179 acres in Johor Baru, Johor, from Tanahmas Kapital Sdn Bhd for RM75.48 million. The proposed acquisition, which will be executed under the company’s ongoing expansion strategy, is aimed at strengthening Gadang’s property development portfolio in one of Malaysia’s fastest-growing urban centres. According to the company, the land is strategically located in a prime area of Johor Baru, offering strong potential for residential, commercial, or mixed-use development projects. In a statement, Gadang Holdings said the acquisition aligns with its long-term growth objectives, enabling the group to capitalize on Johor’s rising property demand and the development opportunities created by the region’s proximity to key transportation hubs and economic zones. The company did not disclose the specific plans for development on the site but emphasized that the acquisition is part of its broader strategy to expand its land bank and enhance shareholder value. The RM75.48 million consideration reflects the strategic value of the land, which spans over 11 acres, and is expected to provide a platform for future property projects that can contribute to Gadang’s revenue and profitability over the medium to long term. The proposed acquisition is subject to the approval of Gadang Holdings’ board of directors, and the company will provide further updates as the transaction progresses.

Tropicana Corporation Bhd has signed 10 memoranda of understanding (MOUs) through its wholly owned hospitality arm, T Journey Collection Sdn Bhd, as part of efforts to strengthen its hospitality ecosystem. T Journey was established as a dedicated hospitality platform to grow Tropicana’s short-stay and experiential hospitality offerings. It brings together partners across mobility, travel services, food and beverage, leisure attractions and hospitality technology. At the core of the ecosystem is the T Concierge platform, an in-house developed guest service system designed to curate and bundle travel services into seamless, bookable end-to-end experiences. The 10 MOUs, signed on Feb 10, 2026, cover collaborations in institutional support, mobility and loyalty programmes, travel agencies, F&B operators, leisure attractions and hospitality tech providers. “Ahead of T Journey’s grand launch in March 2026, this milestone reflects our commitment to building a strong hospitality ecosystem through strategic partnerships, while delivering greater value to our property buyers and a seamless travel experience for guests,” said Ixora Ang, managing director of marketing, sales and business development. T Journey will debut in Langkawi with curated residences anchored by Tropicana Cenang, a 5.28-acre freehold beachfront development at Pantai Cenang. The project features serviced suites and retail components with direct beach access and resort-style facilities. Phase 1 (Assana Serviced Suites) and Phase 2 (Merissa Serviced Suites) reached their topping-off milestone in July 2025 and are on track for completion in the first quarter of 2026, with full operations expected by mid-2026. Both phases have achieved 100% take-up, comprising 831 units in Assana and 60 fully furnished units in Merissa.

Lim Seong Hai Capital Bhd has inked two agreements for mixed-use developments in Kuala Lumpur and Selangor, with a combined estimated gross development value (GDV) of RM903.9 million. The first project, a 52-storey mixed development along Jalan Pahang in Setapak with a GDV of RM500 million, will be undertaken by LSH’s wholly owned subsidiary, Astana Setia Sdn Bhd, in collaboration with Airman Sdn Bhd — a company fully owned by LSH chairman Tan Sri Lim Keng Cheng. The project spans multiple lots and includes an existing three-storey shophouse. This transaction qualifies as a recurrent related-party deal. The second project, a mixed residential and commercial development in Gombak valued at RM403.9 million, will be developed by LSH Best Builders Sdn Bhd, another wholly owned subsidiary, in partnership with Bakti Jaya Impian Sdn Bhd, owned by Syed Azelan Syed Yusof. Both projects fall under LSH’s BEST Collaboration Framework, which allows its subsidiaries to tender for construction works, provide building materials and equipment, and receive first rights on alternative design works. The subsidiaries will also earn 75% of gross profits from each development, after deducting direct HQ costs. LSH said the deals will not impact share capital, net assets, gearing, or current earnings but are expected to contribute positively once the projects are launched. Shareholders Approve Morib Rejuvenation Project LSH shareholders recently approved resolutions related to the Morib rejuvenation project, allowing Besteel Engtech Sdn Bhd to subscribe to new shares in two special-purpose vehicles (SPVs) — LSH Morib Golf & Country Club Sdn Bhd and LSH Morib Development Sdn Bhd. LSH Best Builders will hold 70% and Besteel 30% in each SPV. The project gives LSH access to 450 acres of land, including a core development footprint and first right of refusal over additional land. The first 150 acres have a preliminary estimated GDV of RM850 million over 10 years. LSH shares closed at RM1.97, down five sen or 2.5%, valuing the group at RM1.65 billion. The stock has gained nearly 140% over the past year.

Scanwolf Corporation Bhd’s wholly owned subsidiary, Scanwolf Plastic Industries Sdn Bhd, has secured a significant contract from Vestland Resources Sdn Bhd valued at RM70 million for superstructure and mechanical works. The contract involves the development of two commercial blocks: a 69-storey Small Office Home Office (SoHo) building and a 78-storey Small Office Versatile Office (SoVo) building. These projects form part of Vestland Resources’ broader commercial development plan, highlighting Scanwolf’s growing footprint in large-scale construction works. According to a Bursa Malaysia filing on Friday, the subcontract work is scheduled to commence on February 27, 2026, and is expected to be completed by June 9, 2029. Scanwolf noted that the award is likely to have a positive impact on the company’s earnings and net assets per share for the financial year ending June 30, 2026. This latest contract win reinforces Scanwolf’s reputation in delivering complex mechanical and superstructure projects and adds substantial value to its order book, supporting the company’s long-term growth objectives in the Malaysian construction sector.