Ho Hup seeks fresh court order to formulate scheme of arrangement
Practice Note 17 (PN17) company Ho Hup Construction Co Bhd (KL:HOHUP) applied for a fresh court order on Wednesday as part of efforts to restructure its debt.
Matrix Concepts sells MVV Techvalley land parcels in related-party deal
Matrix Concepts Holdings Bhd (KL:MATRIX) is disposing of two parcels of vacant land in MVV Techvalley industrial park in Negeri Sembilan for a total of RM24.61 million in a related-party transaction.
Three-quarters of votes at South Malaysia Industries’ adjourned AGM deemed disqualified
SMI said the disqualified votes were from shareholders who had indicated abstention in their proxy forms or who refrained from voting due to a conflict of interest.
Magma proposes RM50m private placement to fund property project, hotel upgrades
Magma Group Bhd (KL:MAGMA) has proposed a private placement of up to 168.11 million new shares, representing up to 10% of its issued share capital, to raise up to RM50.1 million to fund property development works and investments in its hotel division.
Felda says Terengganu’s 'vacate land within three days' order too stringent, asserts legal rights under federal laws
The Federal Land Development Authority (Felda) and its wholly owned unit, FGV Holdings Bhd, said they take a serious view of the warning notices issued by the Terengganu government over alleged unlawful occupation of plantation land in the state.
SD Guthrie boosts stake in Johor industrial park JV to 45%, becoming equal partner with EcoWorld
SD Guthrie Bhd (KL:SDG), the world’s largest palm oil producer by acreage, is increasing its stake in a planned integrated industrial park in Johor, becoming an equal partner with Eco World Development Group Bhd (KL:ECOWLD) after EcoWorld reduces its share.
Sunway unit to establish RM2 bil sukuk programme for working capital, expansion plans
Sunway Bhd (KL:SUNWAY) said its unit Sunway Cochrane Sdn Bhd has proposed to establish a sukuk wakalah programme of up to RM2 billion to support its working capital and expansion plans.
MRMA vice-chairman Derek Teh appointed Sunway REIT’s new CEO
Sunway Real Estate Investment Trust (KL:SUNREIT) has appointed Derek Teh Wan Wei as its new chief executive officer (CEO), effective Monday.
Tuju Setia clinches RM420m construction job from Sunway
Tuju Setia Bhd (KL:TJSETIA) on Monday secured a construction contract from Sunway Bhd (KL:SUNWAY) worth RM420 million, nearly six times the company’s market capitalisation of RM62.73 million.
Kerjaya Prospek exploring JV with KWAP’s property arm for Batu Kawan industrial park
Kerjaya Prospek Group Bhd (KL:KERJAYA) said it is in discussions with the property arm of Retirement Fund Inc (KWAP) for a proposed industrial park development in Batu Kawan, Penang.
