News by theedgemalaysia.com

Malaysian Resources Corp Bhd (MRCB) has proposed to acquire the rights to carry out the development of an office tower in the PJ Sentral commercial development from the Selangor State Development Corp (PKNS), for RM270 million.

Foundpac Group Bhd has proposed to acquire a leasehold industrial land in Bayan Lepas, Penang, for RM41.88 million.

Stage and express bus service operator Epicon Bhd (formerly known as Konsortium Transnasional Bhd) has partnered with PNSB Construction Sdn Bhd (PCSB), a subsidiary of Permodalan Negeri Selangor Bhd (PNSB), to develop an affordable housing project in Rawang, Selangor.

Kumpulan Jetson Bhd has turned down a requisition from 10 shareholders to convene an extraordinary general meeting (EGM) on the grounds that they did not collectively hold at least 10% of the company's shares on the day of the request.

Oriental Interest Bhd has entered into a deal with TTDI Land Sdn Bhd to jointly develop 54.55 acres of land in Klang into commercial and residential units.

The Malaysian Anti-Corruption Commission (MACC) has on Thursday seized the Ilham Tower that is said to be owned by former finance minister Tun Daim Zainuddin.

The Kedah government’s investment holding company, Bina Darulaman Bhd (BDB), has entered into a joint venture agreement (JVA) with OIB Properties (KV) Sdn Bhd to develop 782 affordable single-storey terrace homes in Kubang Pasu, Kedah.

LKL International Bhd through its wholly-owned subsidiary LKL Advance Metaltech Sdn Bhd (LKLAM), is selling a piece of freehold land in Seri Kembangan, Selangor, to 8 Food Avenue Sdn Bhd (Avenue) for RM6.9 million.

Ecobuilt Holdings Bhd’s wholly owned subsidiary Eko Bina Sdn Bhd has been awarded RM23.16 million after it obtained an adjudication decision in its favour in its case against Golden Wave Sdn Bhd.

RHB Retail Research said Iskandar Waterfront City Bhd is poised for a positive rebound after bouncing off the 21-day simple moving average line, testing the 67 sen immediate resistance level.