YTL Cement trims 5.95% stake in Malayan Cement, confirms The Edge report
The placement of up to 100 million shares equivalent to a 7.2% stake in Malayan Cement is expected to raise as much as RM755 million.
The placement of up to 100 million shares equivalent to a 7.2% stake in Malayan Cement is expected to raise as much as RM755 million.
MN Holdings Bhd (KL:MNHLDG) said it has secured four contracts worth a combined RM122.7 million to supply and install substation equipment for data centre projects in central and southern Peninsular Malaysia.
Binastra Corporation Bhd (KL:BNASTRA) has secured its largest contract to date, following the acceptance of two letters of award worth a combined RM1.2 billion for main building and infrastructure works at Causewayz Square, a landmark high-rise development by Exsim group in Johor Bahru.
Financial services and IT company Pacific & Orient Bhd (KL:P&O) said its US-based subsidiary has secured a US$67 million (RM273.16 million) construction loan to finance the group’s property development project in Miami, Florida.
Prestar Resources Bhd (KL:PRESTAR) said it is buying an industrial property in Serendah Technology Park for RM17 million from Landmark Concord Resorts Sdn Bhd, a company linked to its group managing director Datuk Toh Yew Peng.
Paramount Corporation Bhd (KL:PARAMON) has announced the acquisition of 48.49 acres of leasehold land in Section U9, Shah Alam, Selangor for RM113.5 million.
The estimated total cost attributable to Ann Joo’s indirect subsidiary Gurun Heavy Industrial Park Sdn Bhd (GHIP), including land, amounts to RM82.2 million.
Critical Holdings Bhd (KL:CHB) has bagged a RM40.8 million contract to undertake mechanical and electrical works for a data centre project in Bukit Jalil.
Chin Hin Group Bhd (KL:CHINHIN) has sold a 6.83% stake in subsidiary Signature International Bhd (KL:SIGN) for RM59.99 million over the past four months, from which it netted a disposal gain of RM34.18 million.
Gamuda Bhd (KL:GAMUDA) posted a 5% increase in net profit for the first quarter ended Oct 31, 2025 (1QFY2026), supported by stronger contributions from domestic construction projects and property developments in Vietnam.