UEM Sunrise Bhd (KL:UEMS) and ITRAMAS Corp Sdn Bhd have signed a memorandum of understanding (MOU) with China-based battery energy storage solutions (BESS) and power battery technology manufacturer Gotion High-Tech Co Ltd to develop a research and development (R&D) centre at UEM Sunrise’s Renewable Energy (RE) Industrial Park in Gerbang Nusajaya, Iskandar Puteri, Johor.

Infrastructure utilities engineering services provider Jati Tinggi Group Bhd (KL:JTGROUP) announced on Tuesday that it will supply and install photovoltaic solar panel systems at Public Bank Bhd (KL:PBBANK)'s branches, at an estimated cost of RM14.88 million.

The High Court has ruled in favour of Ahmad Zaki Resources Bhd's (KL:AZRB) 51%-owned unit, Betanaz Properties Sdn Bhd, in a suit against Aeon Co (M) Bhd (KL:AEON) over a tenancy agreement dispute dating back three years.

Matrix Concepts Holdings Bhd (KL:MATRIX) broke ground for the first phase of the Malaysia Vision Valley City (MVV City) project in Negeri Sembilan on Tuesday.

Noteworthy:

• Freehold
• Built-up size: 3,200 sq ft
• Floor level: mid
• 4 bedrooms, 5 bathrooms
• Semi-furnished
• Nearby amenities: MRT Pusat Bandar Damansara, Bangsar Shopping Centre, KLGCC, Pantai Hospital Kuala Lumpur, Bangsar Village I&II
• Accessibility: SPRINT Damansara and Kerinchi Link, Federal Highway, NPE, Jalan Maarof, Jalan Bangsar

When: August 2024

Target 1 — one of the parties seeking to take SMI private — said it has requested SMI's record of depositors, for the intention of dispatching the notice of EGM to SMI’s shareholders.

Through the partnership, Avaland is offering MBSB Bank customers a RM500 credit into their MBSB PrimeGold-i Account, when they purchase homes from the AVA Ria or AVA Prime series.

Gamuda's subsidiary DT Infrastructure Pty Ltd recently secured a RM1.8 billion contract from Lightsource bp Renewable Energy Investments Ltd for the Goulburn River Solar Farm in New South Wales, Australia.

The "Rule of 78" calculates a loan's interest for the entire loan term based on the original principal. A borrower thus gets no interest savings even if the loan is paid off earlier than scheduled.

George Kent (Malaysia) Bhd (KL:GKENT) has secured a RM45.5 million contract from Kwasa Land Sdn Bhd for the Kwasa Damansara township development in Sungai Buloh, Selangor.