News by JUSTIN LIM

“We regret that the unsubstantiated and irresponsible reporting by the media had led to further speculations and subsequent harassment of the individual,” said TRX City.

YTL Cement Sdn Bhd, a 98%-owned unit of YTL Corp, has acquired a 51% stake in Lafarge Malaysia. It has subsequently launched a mandatory general offer to Lafarge Malaysia’s minority shareholders for the remaining shares in the company at RM3.75 per share.

It expects a 2% profit margin compression in anticipation of 45% price rise.

“But moving forward, we will see some light at the end of the tunnel after the revival of ECRL and Bandar Malaysia."

It has secured two subcontract jobs for the Setiawangsa–Pantai Expressway (SPE or better known as DUKE Phase 3) with a combined value of RM75.3 million, from Knusford Construction Sdn Bhd. 

Loke said the three sets of trains will start to operate immediately after being delivered to Prasarana Malaysia Bhd.

Retail Group Malaysia wrote in its latest retail industry report that for the first quarter, the industry achieved better-than-expected growth of 3.8% in retail sales compared to a year earlier.

The jump in net profit is attributed to improved contributions from its local tolls and port concessions, with its investment in a toll concession in Argentina also boosting the division.

In a stock exchange filing, ARB said its indirect wholly-owned unit Arbiot Sdn Bhd and IJV Ventures Sdn Bhd have inked a business contract to carry out the project.

In a filing with Bursa Malaysia yesterday, JAKS said the next case management at the High Court here is fixed on June 17.