Mieco to sell two pieces of industrial land in Kuantan at RM2.45m loss
This disposal follows Mieco’s strategic rationalisation, which involved consolidating operations at its Kuala Lipis plant to centralise production and achieve cost efficiencies.
SBH Marine buys land in Penang for new corporate office
Frozen seafood products exporter SBH Marine Holdings Bhd (KL:SBH) has acquired a 7.228-acre vacant industrial land in Penang for RM18.9 million, to build its new corporate office.
Annum parts ways with auditor who couldn't vouch for company's financials, appoints new one
Practice Note 17 (PN17) company Annum Bhd (KL:ANNUM) has appointed Messrs LTTH PLT as its auditor, effective Wednesday.
Citaglobal acquires 55% stake in waste-to-energy partner LAWI Germany for undisclosed value
Following the stake acquisition, LAWI Germany will operate as a 55%-owned subsidiary of CGEM.
Electricity tariff hike will ultimately push up prices for shoppers, mall operators warn
Shopping mall operators said the proposed electricity tariff hike will put further financial pressures on them, who are still grappling with post-pandemic challenges, and ultimately lead to higher prices for consumers.
Sunway appoints outgoing Sapura Energy CEO Anuar Taib as deputy president
Sunway Bhd (KL:SUNWAY) has appointed its independent director Datuk Mohd Anuar Taib to an executive role as deputy president effective Jan 2, 2025.
YNH Property’s MD Kuan Huat replaces brother Kuan Chon as new chairman
YNH Property Bhd (KL:YNHPROP) executive chairman Datuk Dr Yu Kuan Chon has been redesignated as an executive director of the property developer. Kuan Chon, 62, is YNH Property’s largest shareholder controlling a direct and indirect shareholding of 32.58% as at Oct 7, 2024.
Al-Aqar REIT announces 1.9 sen DPU despite 11% drop in 3Q net income
Al-Aqar Healthcare Real Estate Investment Trust's (Al-Aqar REIT) (KL:ALAQAR) net income fell 11% year-on-year to RM15.63 million in the third quarter ended Sep 30, 2024 (3QFY2024), following a drop in net rental income.
Seremban Engineering hit with RM25m counterclaim related to Bandar Enstek project
KUALA LUMPUR (Nov 12): Seremban Engineering Bhd (KL:SEB) said it has been served with a counterclaim for RM24.94 million in a lawsuit related to a manufacturing plant projectin Bandar Enstek, Negeri Sembilan.
Rafizi: 13MP will have policies to shift Malaysia from just hosting data centres to exporting such infrastructure
Malaysia should shift from merely hosting data centres to becoming a global leader in the design, manufacturing, and export of data centre infrastructure, said Minister of Economy Rafizi Ramli.
