News by Adam Aziz

Country Heights Holdings Bhd (KL:CHHB) said it has postponed its extraordinary general meeting (EGM), which sought shareholders’ approval to commence legal action against the liquidator of Mines Waterfront Business Park Sdn Bhd (MWBP), in order to allow further review of its circular by shareholders.

Johor launched on Saturday the 3,200-acre Maharani Freeport in Muar as a three-island deep-water free zone, designed to serve regional oil and gas activities along the Strait of Malacca.

This ‘carbon competitiveness fund’ is to help local players in “adopting low-carbon technologies, expanding into new markets, and enhancing export capabilities”, it said.

BJSP was set up to develop the 76.14-acre Bukit Jalil Sentral project, valued at RM21 billion. MRCB said the buyout comes as it reviews the approved mixed development plan from November 2020.

Gamuda Bhd (KL:GAMUDA) said on Thursday it is partnering with Taylor's Education Group to redevelop a prime commercial site in SS15, Subang Jaya.

Eversendai Corp Bhd (KL:SENDAI), which is undertaking steel works for Saudi Arabia’s Trojena Ski Village, said construction activities will continue “without interruption” following reports that the 2029 Asian Winter Games may be reassigned to a different host country.

MUI Properties Bhd (KL:MUIPROP) has declared a special dividend of eight sen per share, amounting to RM59.27 million, following the disposal of its Negeri Sembilan land to Gamuda Bhd (KL:GAMUDA) by a subsidiary.

Subscribers of Malaysia's Green Electricity Tariff (GET) will be exempted from a 1.6% surcharge on their electricity bills meant for the Renewable Energy Fund, the Ministry of Energy Transition and Water Transformation (Petra) said.

The same applies for low-voltage users that were registered under the Net Energy Metering (NEM) 2.0 scheme of 2019-2020. 

The KTMB line, damaged by floods in 2006 and left idle since, presents a right-of-way that could allow ECRL to build a line parallel to KTMB’s — as done from Serendah to Jalan Kastam in Selangor, Darwis said.