Shares in WCT Holdings Bhd (KL:WCT) jumped to their highest in nearly five years on Wednesday after Malton Bhd (KL:MALTON), a company related to WCT's largest shareholder Tan Sri Desmond Lim Siew Choon, bought a piece of land in Genting Highlands to build serviced apartments and luxury villas.
Scanwolf Corp Bhd is diversifying into construction and construction-related activities.
Noteworthy:
When: February 2024
Malton Bhd (KL:MALTON) said it is acquiring 30.17 acres of freehold land in Genting Highlands from fellow property developer Global Oriental Bhd (KL:GOB) to build serviced apartments and luxury villas.
The six key tenants are Mercato (anchor tenant), Anytime Fitness, Health Lane Family Pharmacy, myNEWS (KL:MYNEWS), Swimology and Hattitude Salon.
Onn Hafiz also attended a roundtable discussion that UOB facilitated with regional business leaders, where his delegation presented on its strategies, priority sectors and implementation plans for the SEZ.
... after offloading 32.87 million shares.
The contract was awarded by Smart Advance Resources Sdn Bhd to the group's wholly owned subsidiary, Southern Score Sdn Bhd.
“The iron and steel industry is a very important yet delicate industry that requires a lot of attention from policy makers."
Meanwhile, Lim said Misif is also hoping that the government can provide incentives to encourage steel mills to move up the value chain.
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