AirAsia fundraising effort targets US$1 billion with MOF backing
Sources say Alton Aviation Consultancy is seeking lenders and investors, with most of the proposed financing intended to address AirAsia’s debt and balance sheet.
Investment & Expansion
Foreign and domestic investment, new plants, expansion plans and funding.
Petros and Höegh Evi agree to jointly develop Kuching LNG terminal
The project targets first gas by end of 2029 and would establish Sarawak’s first LNG regasification facility, according to Petros.
Malaysia and Singapore seek third-country investors for JS-SEZ
Cooperation on the Johor-Singapore Special Economic Zone would also include efforts to help businesses reach export markets beyond Malaysia and Singapore.
JLG Capital and KCMY sign MoU to explore cold-chain logistics projects
The companies will assess potential joint ventures covering investment, development, ownership and operation of logistics facilities in Malaysia.
MAG agrees to buy Airbus subsidiary Sepang Aircraft Engineering
The acquisition requires regulatory approval, with Malaysia Aviation Group seeking to complete the transaction by 2027.
GB Bond plans Penang factory to lift adhesive capacity by about 35%
The group has earmarked RM5.5 million for factory rental and machinery, alongside RM3.5 million for a sales office in Vietnam.
Automotive firms eye KLK TechPark after BYD drops site plans
BYD says it is continuing its local assembly plans through a Malaysian partner, with discussions at an advanced stage.
Zetrix AI extends MyEG Ventures acquisition deadline by three months
The RM130 million transaction is now due for completion at the end of the fourth quarter, with conditions still outstanding.
IOI Properties signs deal for four Marriott hotels in Malaysia
The planned hotels will add 888 rooms, with openings scheduled for 2030 and 2032.
PTT Synergy to buy four Klang land parcels for RM32 million
The company intends to use the freehold industrial properties for its operations and future expansion, with completion expected within 36 months.
