News by Choy Nyen Yiau

Transport Minister Anthony Loke has ordered authorities to launch an investigation and take maximum punitive action against Prasarana Malaysia Bhd following the LRT derailment incident earlier on Thursday.

UEM Sunrise Bhd (KL:UEMS) rose for a fourth straight session on Tuesday, driven by speculation over its undervaluation, potential takeover interest and re-rating prospects as it looks to unlock value from its Johor landbank.

Inta Bina Group Bhd (KL:INTA) said on Wednesday it has won a RM32.41 million construction job at the Eco Ardence township near Setia Alam, Shah Alam.

Malaysia’s anti-graft agency has submitted investigation papers on the takeover of IJM Corporation Bhd (KL:IJM) to the Attorney General’s Chambers for further action.

OCR Group Bhd (KL:OCR) is planning to acquire a 49% stake in Chester Properties Sdn Bhd, a property and investment consultancy firm, through the issuance of new shares.

OCR Group Bhd (KL:OCR) entered into a deal on Tuesday with Magna Prima Bhd (KL:MAGNA) to sell 4.58 acres of their 20-acre development property in Section 15, Shah Alam, for RM45 million.

IJM said it had received a letter from the MACC clarifying that "the investigation is confined to several individuals associated with IJM, and not the company itself”.

Berjaya Property Bhd (KL:BPROP), formerly Berjaya Land Bhd, has appointed Johor princess Tunku Tun Aminah Sultan Ibrahim as its new non-independent non-executive chairman, filling a role that had been vacant for more than two years.

The contract was awarded to the company’s unit, Kitacon Sdn Bhd, by Rawang Lakes Sdn Bhd, according to a filing to the stock exchange.

Construction and property player AME Elite Consortium Bhd (KL:AME) is acquiring two parcels of freehold land measuring a total of 31.82 acres in Senai, Johor, for RM101.18 million, cash, from Nice Frontier Sdn Bhd (NFSB).