News by M

Malaysia should shift from merely hosting data centres to becoming a global leader in the design, manufacturing, and export of data centre infrastructure, said Minister of Economy Rafizi Ramli.

Sabah-based Azam Jaya Bhd (KL:AZAMJAYA) ended its debut on the Main Market of Bursa Malaysia on Monday with a closing price of RM1.09, a 39.74% or 31 sen rise from its initial public offering price (IPO) of 78 sen.

Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA), the second time the company has done so after its inaugural win in 2009. This year, it also obtained the top spot in the Best in Qualitative Attributes sub-award.

A three-member bench comprising Chief Judge of Sabah and Sarawak Tan Sri Abdul Rahman Sebli, Datuk Zabariah Mohd Yusof and Datuk Vazeer Alam Mydin unanimously granted leave to the buyers on Monday, based on three questions of law that they posed to the bench.

A three-member bench, led by Datuk Supang Lian, granted the stay, and for the case to remain status quo of the lands to be maintained, pending the determination of the judicial review application that was commenced by the R&M from Grant Thornton. 

The company expects Sabah to remain as its core market, adding that “there is a lot more to do".

Kerjaya Prospek said its wholly owned subsidiary Futuprop Sdn Bhd, and Aspen Vision, will form a 55:45 special purpose vehicle named Rivanis Ventures Sdn Bhd to undertake the development.

The new hotel offers studio to three-bedroom layouts that come in built-up sizes from 151 to 603 sq ft. 

WMG’s non-interested directors — Shakinur Ain Karama, Teo Gim Suan, and Wong Lee Hung — shared the same stance on the offer of 16.5 sen per share by Exsim Group after considering Mainstreet Advisers Sdn Bhd’s views. 

“The group is cooperating fully with the relevant authorities in their investigation into the cause of the incident.”