KUALA LUMPUR (Oct 13): The government is developing a rooftop solar buyback programme and will extend the current net energy metering (NEM) programme to Dec 31, 2024, in a bid to incentivise rooftop solar installation, said Prime Minister Datuk Seri Anwar Ibrahim. At the same time, the government is calling for companies to offer a…
Read MoreKUALA LUMPUR (Oct 12): Propel Global Bhd is to purchase two parcels of land in Kuala Kuantan, Pahang for RM14.7 million to undertake a commercial development project with a gross development value (GDV) of RM68 million. The construction firm said its wholly-owned subsidiary Propel Global Development Sdn Bhd has inked agreements with the vendor, Goldhill…
Read MoreKUALA LUMPUR (Oct 12): HIL Industries Bhd has proposed to acquire a company that owns land near the Shah Alam-Klang border that has been earmarked for residential development, in a related party transaction. The moulded plastic products maker and property developer said it is acquiring Broadwise Corporation Sdn Bhd (BCSB) via its wholly owned subsidiary,…
Read MoreKUALA LUMPUR (Oct 11): Tropicana Corp Bhd is seeking to strike out the claim filed by RHB Trustees Bhd, Sunway REIT Management Sdn Bhd and Sunway Education Group Sdn Bhd over its alleged breach of agreement and double-dealing over the sale of shares and a stake in St Joseph International School. In a statement on…
Read MoreKUALA LUMPUR (Oct 11): Hektar Real Estate Investment Trust (REIT) has proposed to undertake a private placement of up to 20% of the total number of issued units of the company to third-party investors to be identified later. In a filing with Bursa Malaysia on Wednesday, Hektar REIT said the indicative issue price of the…
Read MoreKUALA LUMPUR (Oct 11): Malaysian coworking and flexible space provider WORQ is targeting to achieve a total RM40 million in its fourth fundraising round and announced that it has completed its latest round pre-Series B fundraising backed by 14 follow-on investors including global asset management firm PhillipCapital — its third consecutive investment into WORQ and…
Read MoreKUALA LUMPUR (Oct 11): APB Resources Bhd has proposed to acquire a 16-storey Serba Dinamik building in Shah Alam, Selangor for RM38 million, subject to the approval from the High Court. In a Bursa Malaysia filing on Wednesday, the group said it has received a letter from the liquidator of troubled oil and gas (O&G)…
Read MoreKUALA LUMPUR (Oct 12): Battersea Power Station in London will see its office further expanding in 2023 with the completion of 50 Electric Boulevard, a 200,000 sq ft office building designed by Foster + Partners, according to a statement dated Oct 11. 50 Electric Boulevard is the BREEAM Outstanding rated workplace. It has been designed…
Read MoreKUALA LUMPUR (Oct 12): Charger point operators (CPOs) have been given a two-year period to submit applications for existing completed and operational electric vehicle charging bays (EVCBs) to local authorities, as announced by Minister of Local Government Development Nga Kor Ming. Nga said the programme aims to ensure that CPOs adhere to the planning and…
Read MoreKUALA LUMPUR (Oct 10): LKL International Bhd, whose share price has halved since the start of the year, is selling a parcel of land in Serdang, Selangor for RM6.65 million, its Bursa Malaysia filing showed. The company had completed the purchase of the freehold land, together with a unit of three-storey semi-detached factory erected thereon,…
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