News by theedgemarkets.com

Edgenta Propel Bhd, a unit of UEM Edgenta, is the sub-contractor of the MRT2 project.

The corporate exercise will involve issuance of up to 965.4 million rights shares and up to 579.24 million warrants, whose exercise price is fixed at 20 sen each.

OCBC Malaysia is the sole sustainability structuring adviser for Gamuda’s maiden ESG-linked holistic financing solution totalling up to RM550 million.

The research house said three diversified contractors, namely Gamuda Bhd, IJM Corp Bhd and Malaysia Resources Corp Bhd (MRCB), are of the collective view that the MRT3 project would proceed.  

Tan Ching Peng, 60, and Tan Siew Moi, 57, were charged with three counts of misappropriation of property amounting to RM220,000 involving Rekabina Construction Sdn Bhd in December 2020, January 2021 and September 2021. All offences were committed at Kota Kemuning, Shah Alam.

Majuperak Holdings Bhd has decided to dispose of a 134.2-hectare leasehold land in Perak to a wholly-owned unit of the state’s agricultural development agency for RM9.53 million as a debt settlement.  

MR DIY Group (M) Bhd is buying 80 units of purpose-built foreign worker quarters in Selangor for RM165,000 each, or a total of RM13.2 million.

Paragon Union Bhd is selling industrial land in Cheras, Selangor for RM17.5 million to D’nonce Technology Bhd with proceeds from the sale earmarked chiefly for working capital and repayment of bank borrowings.

Delapan SBEZ — of which Northern Gateway is the master developer — features a free commercial and industrial zone located at the northern end of the North-South Expressway and the Malaysia Federal Route 1, with an access to the Bukit Kayu Hitam Inland Port.

Ranjan Chandran, the lawyer for the 36 buyers who are seeking to be interveners to oppose the CVA, submitted on Wednesday (Jan 4) that the CVA was usually intended for ailing companies and not for abandoned developments.