News by Wong Swee May

Scomi Group and Scomi Energy said Bursa has approved both companies' share-trade suspension requests.

It issued the proposed decision against seven warehouse operators for infringing Section 4 of the Competition Act 2010 in relation to the price fixing of surcharges on long-length handling and heavy lift handling services, for all import and export cargoes in Northport and Westport areas in Port Klang.

Kerjaya Prospek Property said the land will complement its existing Bloomsvale mixed development in Jalan Klang Lama.

In a note today, the research house said it has maintained its 'buy' call on YTL REIT at RM1.35 with a higher target price of RM1.46 (previously: RM1.38).

In a note today, the research house said it expects stronger property billings and higher production volumes in the coming quarter.

...mainly due to better sales performance achieved from both the manufacturing and property divisions.

Measuring a total of 85.73 acres, Scientex will pay RM39.21 million for the land, which is situated less than 5km from Kota Tinggi town and 25km to Johor Baru city. It is accessible via Johor Baru-Kota Tinggi highway and Kota Tinggi-Kulai road.

Sanichi had said last week that the Melaka Halal Gelatin Industrial Park will be situated on a 212-acre piece of land in Kuala Linggi, Alor Gajah, and will house a Jabatan Kemajuan Islam Malaysia (JAKIM)-certified Halal Gelatin Plant, coupled with related downstream industrial activities for applications across diverse industries and sectors, from food sector to pharmaceutical, cosmetic and health products, amongst others.

At midday break, the group's shares were traded at 53 sen, valuing it at RM263.1 million.

Ewein said the proposed development is on about 4.34 acres of freehold land in Section 1, Bandar Tanjong Pinang, Daerah Timur Laut, Negeri Pulau Pinang for RM159.75 million.