News by Lam Jian Wyn

Property developer LBS Bina Group Bhd's indirect subsidiary Leaptec Engineering Sdn Bhd has entered into a memorandum of understanding (MOU) with Türkiye-based Desan Deniz Ins San A S to explore the feasibility of developing a shipyard in Tanjung Bruas, Melaka.

Bank Negara Malaysia (BNM) has introduced a standardised housing loan and home financing agreement for retail customers to help consumers understand and compare key terms and conditions in such documents more easily, said the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM).

Chin Hin Group Property Bhd has emerged as a substantial shareholder of NCT Alliance Bhd, after subscribing to 75.41 million shares in the latter via private placement.

Earnings per share rose to 5.88 sen from 4.77 sen in 4QFY2021. 

SSB had been appointed as a subcontractor for the work packages, which were part of a 100 megawatt alternating current large scale solar photovoltaic plant project in Kerian, Perak.

Maybank Investment Banking Group (Maybank IBG) viewed UEM Sunrise Bhd's unsuccessful acquisition of a freehold parcel of land along Jalan Semarak in the Kuala Lumpur city centre as a positive, as the deal would have led to its involvement in the highly competitive and over-supplied retail, office and hotel segments of the property market.

Parkson said Mianyang Fulin Parkson Plaza Co Ltd received a successful bidding notice on Tuesday (Oct 25) confirming that it had won the bid in the tender for tenancy of part of LG1, and levels one to four of buildings on the east side of Chuan Ye Da Dao, Mianyang Science and Technology City New District.

Repayments of the now-defunct entity’s principal and coupon amounts are transparent.

According to Supermax, the facility will comprise a total of eight buildings, with an investment of US$350 million earmarked for the first four construction phases.

The group said the lower profit was mainly due to the impact of higher raw material prices and freight costs for its consumer packaging business and deferment of Certificate of Completion and Compliance issuance in certain developments.