Azam Jaya bags RM120.9m job to upgrade Sabah’s Tawau Airport
Azam Jaya Bhd (KL:AZAMJAYA) has secured a three-year contract from the Ministry of Transport for upgrading works for Sabah’s Tawau Airport.
Former chairman Farouk Abdullah ceases to be Magma's substantial shareholder
Magma Group Bhd's (KL:MAGMA) former executive chairman Datuk Seri Ismail @ Farouk Abdullah has ceased to be a substantial shareholder in the hotel management and property development company, following a stake trim.
MUI found a buyer for Corus Hotel KL, sources say
Malayan United Industries Bhd (KL:MUIIND), or MUI, will be sealing a deal to sell Corus Hotel Kuala Lumpur to a publicly-listed property developer, according to sources.
Paramount to buy 28% of Texas Chicken, SF Coffee operator for RM126m from Johari Ghani's JAG
Property developer Paramount Corp Bhd (KL:PARAMON) plans to acquire a 28% stake in the operator of Texas Chicken and San Francisco Coffee in Malaysia for S$38.33 million (RM126.32 million) cash, as it looks to expand its footprint in the food and beverage (F&B) sector.
IGB’s REITs post higher 2Q NPIs on higher rental income
IGB Real Estate Investment Trust (KL:IGBREIT) and IGB Commercial REIT (KL:IGBCR) logged higher net property income (NPI) for the second quarter on the back of higher rental income.
Most electricity consumers could see tariff rebate for coming months on low fuel prices
Peninsular Malaysia’s electricity tariffs will see a fuel rebate of 1.45 sen/kWh in August, Parliament heard, while Tenaga Nasional Bhd (KL:TENAGA) also projected bigger rebates in September-November due to lower-than-projected fuel costs.
Ekovest, Knusford shares decline after merger falls through
Shares of Ekovest Bhd (KL:EKOVEST) and Knusford Bhd (KL:KNUSFOR) slid on Tuesday after their proposed merger fell through following the third extended deadline.
MRCB firms up deal to jointly develop RM6.25b GDV Ipoh Sentral
Malaysian Resources Corp Bhd (KL:MRCB) has firmed up the partnership to jointly develop Ipoh Sentral, a transit-oriented development project in the Perak capital with a gross development value of RM6.25 billion.
Ecobuilt shelves rights issue, to proceed with capital reduction
Ecobuilt Holdings Bhd (KL:ECOHLDS) has decided to call off its proposed rights issue and proceed only with a share capital reduction.
Lulu Group shuts down retail operations in Malaysia
Lulu Group is shutting down its hypermarkets in Malaysia, while keeping its wholesale division in the country.
