<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 11): Property developer LBS Bina Group Bhd (KL:<a href="/askedge/klse/5789" class="ce-stock" target="_blank">LBS</a>) is selling two vacant land parcels in Johor Bahru for RM110 million to reallocate funds to its Klang Valley projects.</p></div>

<div class=newsTextDataWrapInner><p>The 8,200-sqm parcels on Jalan Dato’ Dalam, located in the heart of Johor Bahru City and near key infrastructure like the CIQ Complex and Persada Johor Convention Centre, were bought between 2013 and 2014 and are currently unbuilt, according to its filing with the bourse.</p></div>

<div class=newsTextDataWrapInner><p>The sale aligns with LBS Bina’s ‘8x8 Strategy’ to optimise its landbank and enhance shareholder value.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The RM110 million price reflects market conditions and a prior independent valuation of RM84 million.</p></div>

<div class=newsTextDataWrapInner><p>Shares of LBS Bina closed half a sen or 1.2% lower at 41 sen on Tuesday, valuing the property developer at RM640.37 million. The counter has declined over 25% year to date.</p></div>


Property developer LBS Bina Group Bhd (KL:LBS) is selling two vacant land parcels in Johor Bahru for RM110 million to reallocate funds to its Klang Valley projects.

LBS Bina to sell two parcels of land in JB for RM110m to fund Klang Valley projects

US President Donald Trump is due to meet with leaders of Greenland and Denmark on Tuesday to sign a deal that will allow a larger US military presence on Greenland and could end a stand-off over the strategically located and mineral-rich island.

Trump, Denmark, Greenland set to sign deal in bid to end Arctic stand-off

Shares of Chinese fibre-optic communications equipment maker Ligent Technologies ended 4.6% higher in their Hong Kong debut on Tuesday, after the company tapped demand for artificial intelligence (AI)-related equipment to raise HK$5.67 billion (US$723 million or RM2.95 billion).

China's Ligent closes up 4.6% in Hong Kong debut as AI demand draws investors

Loss-making MMAG Holdings Bhd (KL:MMAG) has proposed a RM130 million share capital reduction to wipe out part of the company’s accumulated losses.

MMAG proposes RM130 mil capital reduction to pare accumulated losses

Singapore’s sovereign wealth fund sold shares in Sunway Healthcare Holdings Bhd (KL:SUNMED) worth over RM1 billion on Tuesday, according to a news report.

Singapore’s sovereign wealth fund cashes out over RM1 bil in Sunway Healthcare shares — report

Iran can reopen the Strait of Hormuz within seven days if the US eases military pressure and lifts its blockade on Iranian ports, a senior Iranian official told Reuters on Tuesday.

Iran says ready to reopen Hormuz if US eases military pressure, lifts blockade

Smelters at a major Indonesian nickel-processing hub will be forced to cut output as an El Niño-driven drought reduces the supply of water used to cool and protect equipment, according to people familiar with the matter.

Indonesia nickel hub to cut output on El Niño-driven drought

KUALA LUMPUR (Sept 22): Powerwell Holdings Bhd (KL:PWRWELL) tested new record high on Tuesday as investors and analysts cheered the electricity distribution equipment maker’s largest ever contract.

Powerwell tests new record high after bagging its largest contract ever

KUALA LUMPUR (Sept 22): Shares in ViTrox Corporation Bhd (KL:VITROX) hit their highest level since the company’s listing on the ACE Market in 2005 on Tuesday, driven by its strong growth prospects amid the AI infrastructure boom.

ViTrox hits new record high as AI-driven growth boosts outlook

A weak earthquake measuring 4.4 on the Richter scale was detected in the waters off Batu Pahat, Johor, at 4.55pm on Tuesday.

Weak 4.4-magnitude earthquake detected in waters off Batu Pahat

In less than two months, Asean leaders will gather in Manila for the 49th summit and the region has set itself a test to pass before they arrive. Secretary-General Kao Kim Hourn said in May that he expected the ratification process for the Asean Framework Agreement on Petroleum Security, or Apsa, to be completed before the summit.

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<p>KUALA LUMPUR (Sept 22): IGB REIT Management Sdn Bhd announced the passing of its former chief executive officer Elizabeth Tan Hui Ning on Monday, expressing profound sadness over the loss of a leader whose contributions left a lasting impact on IGB REIT and IGB Commercial REIT.</p>


Former IGB REIT CEO Elizabeth Tan passes away; company pays tribute to her leadership

<p>Singapore’s sovereign wealth fund sold shares in Sunway Healthcare Holdings Bhd (KL:SUNMED) worth over RM1 billion on Tuesday, according to a news report.</p>


<p>Bon Estates Sdn Bhd has opened a new two-way road connecting Jalan Kiara 3 and Jalan Duta Kiara in Mont'Kiara, Kuala Lumpur, providing an additional route towards Solaris Dutamas and the surrounding areas.</p>


Bon Estates opens new road link in Mont'Kiara

<p>The developer of Eco Business Park 7 in Negeri Sembilan is selling two plots of industrial land for RM1 billion to a data centre operator.</p>


Eco World-SD Guthrie JV sells 222 acres in Negeri Sembilan for over RM1b

<p>Consumer and construction stocks could be among the key beneficiaries of the upcoming Budget 2027, as higher cash aid, potential tax relief and increased development spending are expected to support domestic demand and infrastructure activity, CIMB Securities said on Tuesday.</p>


CIMB Securities: Consumer, construction stocks seen as key beneficiaries of Budget 2027

<p>The Melaka State Legislative Assembly will be dissolved on Wednesday to pave&nbsp;the way for the 16th state election.</p>


Melaka assembly to dissolve on Wednesday, paving way for state election

<p>KUALA LUMPUR (Sept 22): Powerwell Holdings Bhd (KL:PWRWELL) tested new record high on Tuesday as investors and analysts cheered the electricity distribution equipment maker’s largest ever contract.</p>


<h2>Notable filings</h2>

<p>Between Sept 1 and 4, notable filings with Bursa Malaysia on changes in shareholding included those of ACE Market-listed <strong>Ambest Group Bhd</strong> (KL:AMBEST), where co-founder and managing director Tan Beng Beng and co-founder and executive director Lim Eng Gu...

Insider Moves: Ambest Group Bhd, Salutica Bhd, LFE Corp Bhd, Sersol Bhd, Zetrix AI Bhd, Heitech Padu Bhd, Excel Force MSC Bhd

<p>KUALA LUMPUR (Sept 22): The High Court here has ordered Tenaga Nasional Bhd (TNB)(KL:TENAGA) to pay RM10.52 million in special damages to Penang Bridge concessionaire Projek Lebuhraya Usahasama Bhd (PLUS) over a major fire incident in a cable tunnel beneath the bridge in February 2021.</p>


Court orders Tenaga to pay Projek Lebuhraya Usahasama RM10.5 mil for Penang bridge fire

<p>Alok Sanghi used to work in his family’s cements business, Sanghi Industries, which his father founded more than four decades ago.</p>


Factory floor or family office? India’s young rich alarm elders

<p>Hengyuan Refining Company Bhd (KL:HENGYUAN) hit a fresh high on Tuesday, extending its winning streak to three days and adding about RM1.7 billion to its market capitalisation since August.</p>


Hengyuan hits fresh high, adds RM1.7b in market cap since August

<p>KUALA LUMPUR (Sept 22): Crude palm oil (CPO) prices are expected to remain above RM4,700 per tonne until at least October, if not the rest of the year, according to the Malaysian Palm Oil Council (MPOC) statement on Tuesday.</p>


Crude palm oil prices expected to remain above RM4,700 per tonne for the rest of the year — MPOC

<p>Oil prices fell on Tuesday after reports that Iran said it could reopen the Strait of Hormuz within seven days if the US takes initial steps to ease military pressure, easing concerns over disruptions to a key global oil shipping route.</p>


Oil falls 1% after reports suggest Iran could reopen Hormuz within seven days

<p>KUALA LUMPUR (Sept 22): Shares in ViTrox Corporation Bhd (KL:VITROX) hit their highest level since the company’s listing on the ACE Market in 2005 on Tuesday, driven by its strong growth prospects amid the AI infrastructure boom.</p>


<p>One of Australia’s largest states has banned the construction of data centres in residential areas and mandated that they must “bring their own renewable energy supply,” part of a slew of rules designed to tackle growing community pushback.</p>


Australian state bans data centres from residential areas

<p>KUALA LUMPUR (Sept 22): A forced auction of Country Heights Holdings Bhd’s (KL:CHHB) land in Kajang, Selangor was cancelled due to absence of bidders.</p>


Forced auction of Country Heights land cancelled due to lack of bidders

<p>KUALA LUMPUR (Sept 22): theedgemalaysia.com highlighted no stocks with positive momentum and eight stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.</p>

<h3>The stocks with negative momentum were:</h3>

<p>Inta Bina Group Bhd (KL:INTA) — up two sen or 5.13% to 41 s...

Stocks with momentum on Sept 22, 2026: Inta Bina Group, Powerwell Holdings, Jati Tinggi Group, Northern Solar Holdings, Verdant Solar Holdings, Ewi Capital, D&O Green Technologies, Superlon Holdings

<p>Sabah Development Bank Bhd said on Tuesday it is willing to consider a substantial reduction in exposure in PacifiCity to support efforts to revive the long-abandoned project.</p>


Sabah Development Bank ready to cut exposure to help revive abandoned PacifiCity

<p>THE semiconductor industry in Penang is facing shortages in several areas, including engineering talent, factory floor space and production capacity. However, a lack of client orders is not one of them.</p>

<p>In fact, global customers are working closely with local manufacturers to ensure the...

Penang E&E players face capacity crunch amid influx of orders

<p>IHH Healthcare Bhd (KL:IHH) outperformed on Tuesday as Macquarie flagged an improving earnings trajectory across the hospital operator’s portfolio.</p>
