News by Wong Ee Lin

Serba Dinamik said it intends to ink two memorandums of agreement with two companies to undertake the integrated development at the 132-acre site.

More malls are being built and none closed down last year, says PPK Malaysia.

AWC said the subcontract is for a period of five years from Aug 1, 2017 to July 31, 2022.

Meanwhile, Iskandar Waterfront City Bhd (IWCity) shares were up one sen or 0.75% at RM1.34 with 13.3 million shares changing hands.

The purpose of the acquisition and the vendors were not disclosed in the group's announcement to Bursa Malaysia.

Gabungan AQRS said that the private placement was to raise funds to pay for its working capital requirements.

Axis REIT said the acquisition of the lands will be together with buildings and structures erected thereon, situated within Kawasan Perindustrian MIEL, Gebeng, Kuantan, Pahang, from five vendors, which are Wah Seong Corp Bhd's subsidiaries.

Iskandar Waterfront City Bhd (IWCity), which has been in the limelight since early May saw yet another spike, as high as 6.08%, in interest with 5.4 million shares traded at opening today.

Landmarks said the net proceeds from the proposed disposal of RM82.9 million will be used for the group’s capital expenditure and working capital purposes and is expecting full utilisation within 24 months from its receipt.

Encorp Bhd, which inked preliminary agreements with several companies last year to develop its huge 641-acre landbank in Melaka, has called off one of them.