News by theedgemalaysia.com

Solid Automotive Bhd (KL:SOLID) said it is acquiring 4.69 acres of freehold land in Klang from Top Glove Corp Bhd (KL:TOPGLOV) for RM15.92 million.

Mara Inc and ACE Market-listed Privasia Technology Bhd (KL:PRIVA), a business process outsourcing company, are teaming up to develop and operate a data centre in Bagan Datuk, Perak.

Gamuda Bhd (KL:GAMUDA) is acquiring a 20% stake in Cloud Space Sdn Bhd, a Google Cloud premier partner, for RM18 million.

Power Root Bhd (KL:PWROOT) said it is purchasing 3.48 million square feet of agriculture land in Johor for RM19.99 million in cash.

PGF Capital Bhd (KL:PGF) is acquiring two parcels of freehold land, totalling approximately 9.608 acres in Kulim Hi-Tech Park, Kedah, for a mixed development project — that will include a condominium, hotel, serviced residences, and several commercial elements — with a gross development value (GDV) of RM600 million.

Shares of SkyWorld Development Bhd (KL:SKYWLD) gained after resuming trade on Wednesday morning, following the signing of an agreement on Tuesday to jointly develop the country's largest affordable housing project with the Penang state agencies.

The two nominees are Ng Cheng Shin and Ooi Hoot Kuang. 

Launched on Jan 23, ViO Banj’ran occupies 13-acre (5.26-hectare) freehold land, and features a total of 40 three- and two-storey bungalows.

The research house raised its target price for Gamuda by RM1.15 to RM11.67, the highest among 21 covering the stock, and maintained its “buy” call.

The latest contract win is split into three phases and includes the construction of a power substation and two units of show houses.