News by theedgemalaysia.com

Pipe manufacturer YLI Holdings Bhd (KL:YLI) is disposing of a piece of industrial land in Prai, Penang, together with a factory building, for RM18 million cash, to strengthen its working capital and reduce borrowings.

HCK Capital Group Bhd (KL:HCK) said it had entered into a joint-venture deal with a landowner to undertake a property development in Cheras with an estimated gross development value of RM600 million.

Property developer Asian Pac Holdings Bhd (KL:ASIAPAC) has proposed to dispose of a 35.72-hectare freehold land in Semenyih, Selangor for RM87.69 million cash.

Advancecon Holdings Bhd’s (KL:ADVCON) unit has won a RM66.9 million contract from JLG Technopark to carry out earthworks and related tasks for phase one of Southern Ibrahim Technopolis (IBTEC) in Kulai, Johor.

Ilham Tower Sdn Bhd and Ilham Baru Sdn Bhd that operate the iconic 60-storey Ilham Tower, located on prime land in the city centre, have filed an originating summons (OS) to bar its company secretary from sharing information about the companies with the Malaysian Anti-Corruption Commission (MACC).

The AREA Group said it will continue to provide advisory services to a collaboration that creates bilateral cooperation and ecosystem frameworks for the implementation of the US$20 billion (RM83.83 billion) China-Malaysia “Two Countries, Twin Parks” initiative by the Shenzhen Government Procurement Association (SGPA).

Bursa Securities has publicly reprimanded Ecobuilt Holdings Bhd (KL:ECOHLDS) for the latter’s failure to make an immediate announcement and misrepresentation relating to a winding-up order last year.

Sunway Construction Group Bhd (KL:SUNCON) is divesting its entire 40% stake in Engie-Sunway DCS Sdn Bhd to Sunway Bhd’s (KL:SUNWAY) facilities management arm, Sunway Property & Facility Management Sdn Bhd (SPFM), for RM10.98 million cash.

Sunway Bhd’s (KL:SUNWAY) fully-owned subsidiary, Sunway Iskandar Development Sdn Bhd (SIDSB), has set up a perpetual medium-term note (MTN) programme of up to RM2 billion to fund its flagship Johor township project.

Maxim Global Bhd (KL:MAXIM) is buying a nine-storey office tower on Jalan Klang Lama here for RM29.5 million to serve as its new office.