KUALA LUMPUR (Dec 13): Chin Hin Group Bhd’s conditional mandatory general offer (MGO) to acquire the remaining shares it does not own in Ajiya Bhd has turned unconditional after its collective shareholding — together with persons acting in concert with it — climbed past 50%. In a bourse filing, AmInvestment Bank Bhd, on behalf of…
Read MoreKUALA LUMPUR (Dec 14): Rakuten Trade has a “buy” rating on Kerjaya Prospek Group Bhd (KPG) at RM1.46, with a target price (TP) of RM1.79, and is positive on KPG’s outlook. In an note on Thursday, the research house said The Vue @ Monterez launched recently in the third quarter ended Sept 30, 2023 (3QFY2023),…
Read MoreKUALA LUMPUR (Dec 14): Eco World Development Group Bhd announced its results for 4Q2023 today, with EcoWorld Malaysia achieving RM3.61 billion sales in FY2023, exceeding its sales target of RM3.5 billion. The group stated in a media release that sales were broad-based with substantial contributions by each of its four revenue pillars: 1 Eco Business…
Read MoreKUALA LUMPUR (Dec 14): All Keretapi Tanah Melayu Bhd (KTMB) Komuter train services in the Klang Valley for the Tanjung Malim-Kuala Lumpur Sentral-Tanjung Malim Line and the Electric Train Service (ETS) that were affected by a collapsed construction crane — between Rawang and Kuang two days ago — have been restored. KTMB said the first…
Read MoreKUALA LUMPUR (Dec 14): The government’s requirement for energy audits of all commercial buildings will drive the market towards greater compliance towards sustainability guidelines, said Local Government Development Minister Nga Kor Ming. He pointed out that the NRECC (Natural Resources, Environment and Climate Change Ministry – now known as Natural Resources and Environment Sustainability Ministry)…
Read MoreKUALA LUMPUR (Dec 14): SkyWorld Development Bhd is joining forces with Universiti Malaya to develop a transformative Application Programming Interface (API) set to revolutionise data integration ecosystem within the property development sector. A Memorandum of Agreement signed at The Cubes in Universiti Malaya, solidifies their “shared commitment to co-develop a cutting-edge technology ecosystem, specifically focusing…
Read MoreKUALA LUMPUR (Dec 12): Prime Minister Datuk Seri Anwar Ibrahim (pictured) has reminded all parties, including state governments involved in the East Coast Railway Link (ECRL) project, to cooperate and ensure it is completed according to schedule. Anwar said Malaysia is committed to and appreciates the strategic cooperation with China, especially in terms of investments…
Read MoreKUALA LUMPUR (Dec 13): S P Setia Partners will develop two parcels of prime commercial land measuring 2.67 acres in Setia Federal Hill, Bangsar, with Mitsui Fudosan (Asia) Malaysia Sdn Bhd (Mitsui Fudosan). The development will encompass two parcels of land and is set to inject a fresh wave of vitality into the vibrant Bangsar…
Read MoreKUALA LUMPUR (Dec 13): Eco World International Bhd (EcoWorld International) announced its results for 4Q2023, where it saw a lower loss before tax (LBT) of RM36.93 million in 4Q2023 compared to LBT of RM94.64 million in 4Q2022. This is mainly due to: foreign exchange gains from appreciation of British Pound (GBP) against Ringgit Malaysia (RM)…
Read MoreKUALA LUMPUR (Dec 12): Malaysia Airports Holdings Bhd (MAHB) has appointed former S P Setia Bhd deputy president and chief operating officer Datuk Seri Koe Peng Kang (pictured) as its independent and non-executive director, effective Dec 12. In a bourse filing on Monday, the airport operator said Koe, 62, commenced his journey at S P…
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