News by theedgemalaysia.com

The Johor state government is in the midst of finalising a local transport network designed to complement the Johor Bahru-Singapore Rapid Transit System (RTS) Link.

Practice Note 17 (PN17) company Ivory Properties Group Bhd (KL:IVORY) announced on Wednesday that its wholly-owned subsidiary, Ivory Gleneary Sdn Bhd (IGSB), has appointed interim liquidators to initiate the winding-up of the company as part of its regularisation plan.

Farlim Group (Malaysia) Bhd (KL:FARLIM) is disposing of a leasehold housing scheme in Gopeng, Perak for RM33 million in cash.

Despite tight government finances, Malaysia’s upcoming Budget 2025 may still see higher allocations for transportation-related infrastructures and incentives to spur homeownership, said RHB Investment Bank.

Plantation company Harn Len Corp Bhd (KL:HARNLEN) said on Tuesday that it has inked a sale and purchase agreement (SPA) to dispose of a parcel of land in Johor Bahru for RM55 million.

Pesona Metro Holdings Bhd (KL:PESONA) has bagged a contract worth RM321.09 million to undertake the superstructure works of three blocks of condominiums in Jalan Bukit Kiara, Kuala Lumpur.

Analysts have maintained their positive stance on Scientex Bhd (KL:SCIENTX) after the group's core earnings came mostly within expectations for the financial year ended July 31, 2024 (FY2024).

Magma Group Bhd (KL:MAGMA) said on Tuesday it is acquiring a 2.26-acre plot of land in the Persiaran Dutamas area of Kuala Lumpur from a company connected to its executive chairman and major shareholder Datuk Seri Lee Hock Seng, for RM80 million.

The shares have been suspended from trading since Aug 9 due to the now-set-aside winding-up petition filed by Strong Force (M) Sdn Bhd.

The NSRF addresses the use of the IFRS Sustainability Disclosures Standards issued by the International Sustainability Standards Board (ISSB) as the baseline for sustainability disclosures for companies in Malaysia.