News by Adam Aziz

Loss-making Nexgram Holdings Bhd is acquiring Wings By Croske Resort Langkawi for RM90 million, to be paid via issuance of preference shares by its subsidiary Medic Asset Group Sdn Bhd (MAG).

The group has inked a conditional share SPA with XCL, which will mark Paramount’s exit from the education business.

Bank Negara Malaysia is not likely to take an aggressive stance in normalising its monetary policy to the pre-pandemic level as it would risk disrupting the ongoing economic recovery.

Westports, authorities and external parties are still ascertaining the extent of the damage, and how many containers have been affected, the group said in a filing.

Gamuda recorded higher joint venture contribution in the quarter, its filing showed. Group earnings per share rose to 7.05 sen, from 4.9 sen per share in 2QFY21.

The Grade II* listed building will house over 100 shops, restaurants and cafes, an events venue, a unique chimney lift experience offering 360-degree panoramic views of London’s skyline, new office space and 254 new residential apartments.

Speaking during the fourth quarter of 2021 gross domestic product (4Q21 GDP) statistics press conference on Friday (Feb 11), the governor said the central bank had always maintained that the financing model is a key component to support homeownership, with recommendations ready to address the matter.

Notably, Country Heights has downsized the asset acquisition to a total of RM517 million, from RM544 million previously.

The contract is to design and build a water pumping station, and water pumping mains to the existing Bukit Lipat Kajang reservoirs, distribution and associated works (Package 2), the company said in a bourse filing.

NUR Power, which is the exclusive power utility firm for KHTP, will be providing solar energy of 25mw in 2023, and up to 75mw by 2026 to AT&S through a 21-year power purchase agreement (PPA), the companies said in a joint statement