News by Anis Hazim

This includes prioritising it in public projects and encouraging private sector use through industry guidelines and standards.

Gamuda Bhd (KL:GAMUDA) said a consortium comprising its Singapore subsidiary and two other companies has submitted the highest bid of S$1.01 billion (about RM3.33 billion) in a tender for a mixed-use residential and commercial site in Singapore.

Alstom, the project lead for the Kuala Lumpur International Airport’s (KLIA) aerotrain system, said the service disruption on Wednesday (Sept 3) was triggered by a dislodged current collector device (CCD) that cut power to one of the train units.

Ireka Corp Bhd (KL:IREKA) on Thursday said its subsidiary has been hit with a RM1.03 million lawsuit tied to a more than decade-old settlement arrangement involving the KaMi Mont Kiara apartment project in Kuala Lumpur.

Scanfil plc, Europe’s largest listed electronics manufacturer, has invested RM15.8 million to expand and modernise its SRX Global (Malaysia) Sdn Bhd facility in Johor Bahru, according to the Malaysian Investment Development Authority (Mida).

Kumpulan Jetson Bhd (KL:JETSON) has appointed five new independent and non-executive directors to its board, all of whom were nominees of a group of minority shareholders that had earlier sought to remove the company’s existing directors.

Chin Hin Group Property Bhd (KL:CHGP) is acquiring a controlling 55% stake in a developer based in Nilai, Negeri Sembilan for RM9.37 million in cash, to strengthen its project portfolio with a mixed-used development in the state.

The purchase came less than two weeks after a Bayan Resources executive also joined as the company’s second-largest shareholder through the placement.

Seremban-based property developer Matrix Concepts Holdings Bhd’s (KL:MATRIX) net profit rose 3.7% year-on-year in the first financial quarter from last year, boosted by stronger property sales and lower selling and marketing expenses.

Property developer MB World Group Bhd, which was once a publicly listed entity, on Wednesday launched its 732-acre MBW Innexus Industrial City development in Tanjung Langsat, Johor Bahru, Johor.