KUALA LUMPUR (July 2): PLUS Malaysia Bhd and Petronas Dagangan Bhd (KL:PETDAG) are collaborating to develop the country’s first commercial hybrid stations along national highways, with the Klang Valley identified as the pilot location. In a statement on Tuesday, PLUS announced that it had sealed the deal with PetDag by signing a memorandum of understanding…
Read MoreKUALA LUMPUR (July 3): Scanwolf Corp Bhd (KL:SCNWOLF) is diversifying into construction and construction-related activities. In a statement on Wednesday, the company, which is principally engaged in the designing and manufacturing of plastic extrusions, polyvinyl chloride (PVC) compounding, processing of PVC coils and trading of industrial consumables, said it had secured shareholder approval in an…
Read MoreKUALA LUMPUR (July 2): Malton Bhd (KL:MALTON) said it is acquiring 30.17 acres of freehold land in Genting Highlands from fellow property developer Global Oriental Bhd (KL:GOB) to build serviced apartments and luxury villas. Malton is buying the land for RM65 million, or RM49.46 per sq ft, cash, from Global Oriental’s 51%-owned subsidiary Sering Manis…
Read MoreKUALA LUMPUR (July 2): PDZ Holdings Bhd (KL:PDZ) executive director (ED) Ho Jien Shiung has ceased to be a substantial shareholder of Trive Property Group Bhd (KL:TRIVE) after offloading 32.87 million shares. The container liner company’s ED and the largest shareholder of Fitters Diversified Bhd (KL:FITTERS) sold the block of Trive Property shares via the…
Read MoreKUALA LUMPUR (July 2): Southern Score Builders Bhd (KL:SSB8) has bagged a letter of award to serve as a turnkey contractor for the proposed development of three residentials apartment blocks, valued at RM315 million. The contract was awarded by Smart Advance Resources Sdn Bhd to the group’s wholly owned subsidiary, Southern Score Sdn Bhd (SARSB),…
Read MoreKUALA LUMPUR (July 2): A total of 50,884 Housing Credit Guarantee Scheme (SJKP) loan applications worth RM10.894 billion have been approved from 2008 to April 30, said Housing and Local Government Minister Nga Kor Ming. He said out of that number, a total of 11,422 applications with a loan value of RM2.51 billion had been…
Read MoreKUALA LUMPUR (July 2): The Ministry of Investment, Trade, and Industry (Miti) is working with the Construction Industry Development Board (CIDB) and the Works Ministry to explore ways to enforce a more stringent localisation programme for government construction projects, as one of the ways to address the issue of overcapacity faced by the iron and steel…
Read MoreKUALA LUMPUR (July 2): Country Heights Holdings Bhd (KL:CHHB) said on Monday that it is working closely with the Malaysian Department of Insolvency (MDI) to resolve the winding-up of its indirect wholly-owned subsidiary Mines Waterfront Business Park Sdn Bhd (MWBP) and return it to solvent status. In a statement, Country Heights said there were 23…
Read MoreKUALA LUMPUR (June 28): Property developer UEM Sunrise Bhd said it will file an appeal with the High Court here after the Special Commissioners of Income Tax ruled in favour of the Inland Revenue Board (IRB) that the additional tax and penalty totalling RM73.84 million are to be maintained. On Oct 3, 2011, UEM Sunrise’s…
Read MoreKUALA LUMPUR (June 28): Sentoria Group Bhd (KL:SNTORIA) announced on Friday that its chief executive officer (CEO) Datuk Loh Yuen Tuck will resume his duties immediately after a one-month suspension, due to alleged misconduct. “The board further announced that the company has decided to proceed with the inquiry and discussion internally with the affected parties…
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