Telecommunications services provider Silver Ridge Holdings Bhd’s (KL:SRIDGE) plan to build six data centres in Cyberjaya has collapsed after its joint venture partner, Selangor Industrial Corporation Sdn Bhd (SIC), a Perbadanan Kemajuan Negeri Selangor (PKNS) unit, withdrew from the deal.
Star Media Group Bhd (KL:STAR) slipped into the red with a net loss of RM231,000 for the second quarter ended June 30, 2025 (2QFY2025), against a net profit of RM7.49 million a year earlier.
Asian Pac Holdings Bhd (KL:ASIAPAC) is acquiring a property development firm from Salcon Bhd (KL:SALCON) for RM42 million in cash, in a move to strengthen its presence in the Klang Valley.
Lim Seong Hai Capital Bhd (KL:LSH) said that the operations at the Kuala Lumpur Tower will continue without interruption, despite the appeal filed by its former operator Menara Kuala Lumpur Sdn Bhd, and its parent Hydroshoppe Sdn Bhd, against High Court ruling last month.
IJM Corporation Bhd (KL:IJM), via its wholly owned subsidiary IJM Construction Sdn Bhd, has secured a RM1.4 billion contract to build a large-scale data centre in Johor Bahru, its biggest data centre project to date.
Magma Group Bhd (KL:MAGMA), whose shares have risen over 77% year-to-date, has completed its RM379.81 million capital reduction exercise.
MGB Bhd (KL:MGB) said it clinched an RM185.99 million contract on Tuesday to develop serviced apartments in Iskandar Puteri, Johor.
The RM69.04 million project, known as Kampung Tersusun Generasi Kedua Felcra Seberang Perak, was awarded to Caely-M in 2013 and completed on Oct 3, 2022.
The 38-month contract will commence on Aug 18.
The overdue Section 3, which stretches from Banting to Klang, is now directly impacting the mobility of 10,000 prime movers and trailers.
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