News by Luqman Amin

Chin Hin Group Property Bhd (KL:CHGP) said it will divest its commercial vehicle and bodyworks operations by selling its entire stakes in four subsidiaries for RM74 million.

US-based chipmaker AMD has expanded its operations in Malaysia by opening a new office and engineering lab in Bayan Lepas, Penang, on Thursday.

Bina Puri Holdings Bhd (KL:BPURI), which faces  multiple winding-up petitions, said it has sought the Corporate Debt Restructuring Committee's assistance (CDRC) to mediate between the company and its lenders.

Loss-making property developer Sentoria Group Bhd (KL:SNTORIA) said on Friday that its unit has received a notice of termination from Affin Bank Bhd for term loan facilities with an original limit of up to RM33.3 million.

The Sultan of Pahang, Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah, on Wednesday increased his stake in Citaglobal Bhd (KL:CITAGLB) through the off-market acquisition of a 3.52% stake.

Exsim Hospitality Bhd (KL:EXSIMHB), formerly Pan Malaysia Holdings Bhd, has agreed with AmFIRST Real Estate Investment Trust (REIT) (KL:AMFIRST) to manage a planned RM45 million refurbishment and rebranding of The Summit Hotel Subang USJ, and to lease the hotel for three years after the revamp.

Construction firm Fajarbaru Builder Group Bhd (KL:FAJAR) announced on Tuesday that the company will rebrand as FBG Holdings Bhd, with the name change taking effect on Bursa Malaysia at 9am this Friday, Aug 8.

The government will maintain the annual revenue threshold for the expanded sales and services tax (SST) on construction services at RM1.5 million, despite industry calls to raise it to RM3 million.

Construction outfit PTT Synergy Group Bhd (KL:PTT) has proposed to acquire 4.56 hectares of freehold land in Rawang, Selangor, for RM60 million to build a commercial warehouse.

Malaysia Rapid Transit Corporation Sdn Bhd (MRT Corp) said on Thursday that the number of land lots to be acquired in the federal capital for the MRT3 Circle Line has been reduced by more than 31%, following extensive public consultation.