Bersatu in favour of Lynas continuing operations

KUANTAN (Aug 22): Parti Pribumi Bersatu Malaysia (Bersatu) is in favour of Lynas Malaysia Sdn Bhd (Lynas) continuing operations of its rare earth plant in Gebeng here because of the huge investment it brought to the country, said the party’s Supreme Council (MT) member Wan Saiful Wan Jan.

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KLCCP Stapled 2Q net profit flattish at RM180m

KUALA LUMPUR (Aug 21): KLCCP Stapled Group, comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (KLCC REIT), recorded a relatively flat net profit for the second quarter ended June 30, 2019 (2QFY19) of RM180.

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No immediate plans to demolish, rebuild HQ: MCA

KUALA LUMPUR (Aug 21): The MCA clarified yesterday that it has no immediate plans to demolish and rebuild its headquarters (HQ) at Wisma MCA, Jalan Ampang here, though it admitted it had sought a development order (DO) to secure a higher commercial plot ratio for the site for future development.

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Genting Malaysia unit inks merger agreement to delist Empire Resorts

KUALA LUMPUR (Aug 20): Genting Malaysia Bhd (GenM) said today its indirect wholly-owned subsidiary Genting (USA) Ltd (GenUSA) has acquired a 49% stake in joint venture company (JVCo) Hercules Topco LLC, which will hold all outstanding shares in Empire Resorts Inc under Empire's planned delisting from the US stock market.

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