News by Syafiqah Salim

LBS Bina Group Bhd (KL:LBS) said it it looking into developing a 10-gigawatt (GW) green hydrogen plant in Kota Marudu, Sabah jointly with the Sabah Forestry Development Authority (Safoda) and two other companies.

Paragon Globe Bhd (KL:PGLOBE) said it has secured the rights to develop 67.42 acres of land in Iskandar Puteri, Johor, for a residential project with an estimated gross development value of RM733.12 million.

WMG’s non-interested directors — Shakinur Ain Karama, Teo Gim Suan, and Wong Lee Hung — shared the same stance on the offer of 16.5 sen per share by Exsim Group after considering Mainstreet Advisers Sdn Bhd’s views. 

Construction player Gagasan Nadi Cergas Bhd (KL:NADIBHD) is buying two companies for RM185 million, cash, to gain control of Konsortium PAE Sepakat Sdn Bhd (KPSSB), which owns a facility management concession for student hostel facilities in seven polytechnic campuses.

IOI Corp Bhd (KL:IOICORP) said on Tuesday it has allocated part of its aged plantation landbank in Johor to build a solar power plant, in a move to venture into the renewable energy sector.

The group received the contract from N&T Asset Sdn Bhd, the registered owner of the 38-acre land on which the project will be developed. 

Plantation group SD Guthrie Bhd (KL:SDG) has teamed up with property developer AME Elite Consortium Bhd (KL:AME) to develop a green industrial park within the Johor-Singapore Special Economic Zone (JS-SEZ).

Piling and foundation specialist Pintaras Jaya Bhd (KL:PTARAS) has secured two piling contracts in Singapore worth about RM175 million.

YNH Property Bhd's (KL:YNHPROP) external auditor has cast doubt on the property developer’s financial statements for the year ended June 30, 2024 (FY2024), citing insufficient evidence for certain ventures and contracts.

Senai Airport City Sdn Bhd (SACSB), a member of MMC Group, is selling approximately 15.06 acres of industrial land located in the Senai Airport City Free Industrial Zone in Johor to Taiwan-based Chenbro Micom Co Ltd.