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The development presents an opportunity for Fajarbaru to expand its business activities in Penang, and not limited to the development of Medi-City.

It added that the industrial park would complement its proposed development of the smart AI container port project in Negeri Sembilan.

The Penang-based mechanical, electrical and process utilities design and engineering services provider did not name the multinational company.

“Save for the amount claimed, the petition is not expected to have any financial and operational impact/losses to the group as the amount claimed is 0.

At an extraordinary general meeting on the same day, shareholders approved the name change as well as the group's plan to diversify into interior design and fit-out activities.

The 44.

The curriculum is run as a fully sponsored community project by Yayasan Gamuda, and is open to students, graduates, professionals and start-up founders up to the age of 40, who have an interest in learning AI.

The proposed IPO involves a public issue of 132 million new shares and an offer for sale of 59 million existing shares at a price to be determined later, according to its draft prospectus.

This is the second subcontract KJTS received from Sunway Engie within a month.

The Edge reported last year that the High Court had set aside a corporate voluntary arrangement (CVA) by True Renaissance Development Sdn Bhd for the Empire Remix development.