AZRB said, however, that AZSB is not a major subsidiary of the company and that it does not anticipate any financial and operational impact due to the filing of the petition.
KLCCP said it has entered into a share purchase agreement with Ocmador (Malaysia) City Retail Centre Sdn Bhd, Port Moresby Investments Ltd and Bold Peak Sdn Bhd for the proposed acquisition.
The disposal was arrived at a willing buyer-willing seller basis and will generate surplus cash of approximately RM80.
During the opening ceremony of the new co-working space on Friday, WORQ revealed that the new space will be fully occupied by Datacom Systems (Asia) Sdn Bhd, a New Zealand-based IT service company and WithSecure Sdn Bhd, a Helsinki-based IT security company.
Notably, BLand shares touched a three-year high, surging as much as 9.
In a sector update on Friday, the research house said that if the government decides to proceed with the Johor Light Rail Transit (LRT) and Kuala Lumpur-Singapore High-Speed Rail (HSR) projects, it could boost demand for residential, commercial and industrial properties in Iskandar Malaysia in the coming years, leading to an increase in prices for strategically located parcels of land.
In a company update note on Friday, the research house expressed pleasant surprise at this development, considering it as yet another effort by SimeProp to activate its non-core land bank.
In a trading stocks note on Friday, the research house said that if a breakout above that level happens, the stock may trend upwards further towards 58 sen, followed by the next resistance point of 62 sen, which is also the 4-month high.
The consortium led by BRail submitted the request for information (RFI) concept proposal for the project shortly before the submission deadline, according to sources.
MBSB's previous chairman Tan Sri Azlan Zainol passed away in January last year.
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