News by TheEdgeMarkets.com

The sukuk, which has a tenure of five years, will also be used for general corporate purposes of the group and/or of any joint ventures, as well as to refinance any existing borrowings.

Yeoh said Malaysia is a relatively young nation with a high urbanisation rate, factors which will drive demand for housing and infrastructure development.

The research house said the results were within the house (103.2%) but exceeded the consensus (105.7%) full-year forecasts.

The fair is expected to draw more than 250,000 visitors.

Kee was also a former managing director of NWP Holdings Bhd. 

Parkson Holdings Bhd’s 54.97%-owned subsidiary, Parkson Retail Group Ltd (PRG), said its shareholders have given their approval for the disposal of commercial properties in Qingdao, China for 280 million yuan (RM182 million).

Building materials and machinery company Knusford Bhd is disposing of a commercial land in Ulu Langat, Selangor to electric, building and general contractors LKC Ventures Sdn Bhd for RM14.63 million cash.

West Synergy Sdn Bhd, a joint-venture company between MUI Properties Bhd and Chin Teck Plantations Bhd, has unveiled its first industrial project in Bandar Springhill, Negeri Sembilan dubbed Springhill Industrial Park (SIP).

Gamuda Bhd has bagged a NT$14.5 billion (RM2.13 billion) contract to construct an underground rail track and commuter station in Taiwan's TaoYuan city, jointly with a local company.

Practice Note 17 company Top Builders Capital Bhd said trading of its shares will be suspended as it is unable to submit its 2022 annual report by the Oct 31 deadline.