News by Izzul Ikram

The counter dropped to a two-month low of 78.5 sen, or down 15.5 sen, before paring losses.

AWC currently has 339.36 million shares in circulation and no outstanding warrants.

Malaysia Airports Holdings Bhd (MAHB) said it has demanded immediate corrective action from its aerotrain contractors as its preliminary assessments revealed a declining trend in the train's system reliability, in particular its vehicle and power distribution systems.

Bina Puri Holdings Bhd (KL:BPURI) has outlined a "conceptual" scheme of arrangement that proposes creditors grant a 10% waiver on debts it owes them, as the company seeks court protection to finalise its financial overhaul.

The external auditor of Country Heights Holdings Bhd (KL:CHHB) has flagged a material uncertainty related to the property developer’s ability to continue as a going concern considering its net loss and its liabilities exceeding assets for the financial year ended June 30, 2025 (FY2025).

EWI Capital Bhd (KL:EWICAP), formerly Eco World International Bhd, is pivoting its business to investment holding with a A$100 million (RM276.5 million) commitment to a fund investing in prime Australian office buildings.

Permodalan Nasional Bhd (PNB) and the Employees Provident Fund (EPF) said there are no immediate plans to exit the Battersea Power Station project in London. This comes amid talk of the funds looking to sell the commercial asset within the development they acquired in 2019.

Ultra Green, which owns the land, will be entitled to 17% of the estimated RM600 million GDV for Phases 1A and 1B, with the remainder allocated to Business Park Development.

The 6% SST on certain construction materials and construction services from July this year may lead to higher home prices, lower margins and a potential market slowdown. 

Che Abdul Khalid is set to succeed YM Raja Shahreen Raja Othman, whose fixed-term contract is set to expire at the end of this month.