News by Choy Nyen Yiau

Ho Hup revealed that it has been served with the suit dated May 15, 2024 on Aug 12, 2024 in its capacity as corporate guarantors for Golden Wave Sdn Bhd, in respect of a loan facility granted to Golden Wave from SDB.

Bank Negara Malaysia (BNM) is under no pressure to adjust its benchmark interest rate, despite global central banks leaning towards policy easing, thanks to stable inflation and a positive growth outlook, economists said.

Systech Bhd (KL:SYSTECH) has teamed up with Pinetop Technology Venture Sdn Bhd to develop and operate data centres.

Sentoria Group Bhd (KL:SNTORIA) said on Thursday that Messrs Grant Thornton Malaysia PLT (GTM) has voluntarily resigned as the company’s external auditors.

The contract was awarded to its wholly-owned subsidiary, Econpile (M) Sdn Bhd, from Platinum Victory Property Sdn Bhd.

The Kuala Lumpur International Airport (KLIA) aerotrain, which links the satellite buildings with the main airport terminal, is expected to resume operations by Jan 31, 2025.

Binastra Corp Bhd (KL:BNASTRA), formerly known as Comintel Corp Bhd, has secured a RM235.5 million contract from Mightyprop Sdn Bhd to undertake construction work for a 39-story serviced apartment in Petaling Jaya, Selangor.

KIP Real Estate Investment Trust (KL:KIPREIT), which primarily invests in retail properties, has proposed to acquire another four industrial properties for a total purchase price of RM98.3 million.

KIP Real Estate Investment Trust (KL:KIPREIT), which primarily invests in retail properties, is acquiring a 4,663-sq metre (100,416 sq feet) parcel of land in Gerik, Perak, for RM14.8 million, cash.

Property developer Yong Tai Bhd (KL:YONGTAI) said it will defend itself against a lawsuit filed by construction firm Kerjaya Prospek Group Bhd (KL:KERJAYA) over an alleged unpaid contract dispute, and may also consider countersuing.