PLB Engineering to sell stake in solar energy firm to repay loans
Construction and property company PLB Engineering Bhd (KL:PLB) has proposed to sell its 60% stake in a solar energy firm for RM19.8 million cash to help repay its bank borrowings.
Cypark forms consortium with Jakel Capital, Melaka Corp to power up German Technology Park in Melaka
Renewable energy producer Cypark Resources Bhd (KL:CYPARK) has formed a consortium to jointly explore and develop energy solutions for the 186-hectare German Technology Park in Ayer Keroh, Melaka.
Kuchai turns cash company after completing disposal of assets and liabilities to Sungei Bagan
Kuchai received notification from Bursa Securities on Monday, stating that the company triggered Paragraph 8.03(1) of the Main Market listing requirements.
Ho Hup’s 52.5% indirect unit served with winding-up petition over payment dispute
The petition hearing is scheduled for Nov 18.
Pan Malaysia Holdings clinches RM47m subcontract in Damansara Perdana
The group said its wholly-owned subsidiary, Exsim Concepto Sdn Bhd (ECSB), received the letter of award from Discovery Media Sdn Bhd for the subcontract under a project involving the development of 560 office units.
Gadang to sell leasehold land in Damansara Perdana for RM65m
Gadang Holdings Bhd (KL:GADANG) is disposing of a leasehold land in Damansara Perdana for RM65 million to partially finance its existing construction projects and repay borrowings.
MGB to undertake RM861m GDV mixed development, residential projects in Seri Kembangan
Construction and property development company MGB Bhd (KL:MGB) said it will undertake mixed development and residential projects on 26 acres of land in Taman Bukit Serdang, Seri Kembangan with a combined gross development value (GDV) of RM861.35 million.
Kuchai Development-Sg Bagan deal revised downwards to RM267.78 mil on Semenyih land exclusion
The total sum for the proposed disposal of Kuchai Development Bhd’s (KL:KUCHAI) assets and liabilities to Sungei Bagan Rubber Company (M) Bhd (KL:SBAGAN) has been revised lower following the exclusion of an agricultural land parcel in Semenyih, Selangor.
AME Elite to establish sukuk wakalah programme of up to RM1.8b
The proceeds from these sukuk wakalah programmes will be used for working capital, capital expenditure, investments, refinancing, and general corporate purposes within the group and its joint ventures.
Gamuda gets A$243 mil Australian wind farm construction contract
Gamuda Bhd (KL:GAMUDA) said on Friday it has secured a A$243 million (RM702 million) construction contract to deliver the Boulder Creek Wind Farm in Queensland, Australia.
