News by M

CGS-CIMB has a 'double overweight' recommendation on the construction sector, owing to its higher confidence in the government's policy continuity.

Expanding its portfolio of investment properties, Kanger International Bhd has acquired 15 units of the proposed serviced apartments in Tower A of Antara Genting Highlands Resort Suites for RM19.77 million.

Tan Sri Abdul Rashid Abdul Manaf has ceased to be a substantial shareholder of Eco World Development Group Bhd (EWGB), according to a filing with Bursa Malaysia.

The requests came from both international and local industry players in recent weeks.

Crescendo’s wholly owned unit Panoramic Industrial Development Sdn Bhd entered into agreements for the disposals with STT GDC Malaysia 2 Sdn Bhd, a data centre operator wholly owned by Singapore-incorporated STT Malaysia DC Pte Ltd.

This is in addition to a special review by two law firms — Samir Sumathi Fernando & Co (SSF & Co) and Benjamin Dawson (BD) — commissioned by the group’s management.

The research house said the Chinese steel industry is at a crossroad, as both production and consumption of crude steel have been steadily declining from the 2020 peak.

All the 574 owners in Rawang have owned the properties for more than a decade. 

Anwar said this finding was made in a National Economic Action Council meeting.

This marks the fourth time that Perak Corp has been granted an extension deadline from Bursa Securities.