News by Emir Zainul

Sarawak Consolidated Industries Bhd (KL:SCIB) has cancelled its RM49 million financing facilities after the board determined that the facilities were no longer required following the group’s disposal of its indirect wholly owned unit SCIB Concrete Manufacturing Sdn Bhd (SCM).

GuocoLand (Malaysia) Bhd's (KL:GUOCO) controlling shareholder GLL (Malaysia) Pte Ltd (GLLM) has submitted a proposal to the board to privatise the property arm of the Tan Sri Quek Leng Chan-controlled Hong Leong Group via a selective capital reduction and capital repayment exercise at RM1.10 per share.

Malton said BENLG is assessing the possibility of establishing a presence in the Malaysian electric motorcycle market and is seeking a local partner for the initiative.

Chief Minister Chow Kon Yeow said the state government is in talks with Bank Negara Malaysia, the Securities Commission and the Labuan Financial Services Authority to ensure that proposals for the Penang International Financial Centre meet national regulatory and policy requirements.

Exsim Concepto Sdn Bhd, a wholly owned subsidiary, accepted the letter of appointment from HAB Construction Sdn Bhd on Monday for the supply and installation of fit-out works covering serviced apartment units from Levels 7 to 46, according to the group's Bursa Malaysia filing.

GuocoLand (Malaysia) Bhd (KL:GUOCO) managing director Noorbaizura Hermeyney has resigned effective Jan 24 (Saturday), after helming the property developer for close to two years.

Mulpha International Bhd (KL:MULPHA) has subscribed to US$20 million (RM80.8 million) worth of bonds issued under Sun Hung Kai & Co (BVI) Ltd’s US$3 billion Guaranteed Medium Term Note (MTN) Programme.

IJM Corp Bhd (KL:IJM) on Tuesday refuted money laundering allegations and denied that it is being probed by UK authorities, as the Malaysian Anti-Corruption Commission (MACC) launched investigations into allegations of a RM2.5 billion money laundering scheme involving the group.

Perak Corp also entered into a joint venture with major shareholder Perak State Development Corp (PKNP) in January 2025 to co-develop the Silver Valley Technology Park Industrial Hub in Hulu Kinta.

Kumpulan Jetson Bhd (KL:JETSON) is disposing of its entire equity interest in GRP Sdn Bhd, an indirect wholly owned subsidiary, for a total consideration of RM14.8 million, as part of a portfolio rationalisation exercise.