News by theedgemalaysia.com

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 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.

Property developer Asian Pac Holdings Bhd (KL:ASIANPAC) said its chief executive officer Chai Yee Choong has resigned effective Monday (Dec 1) “to pursue other opportunities".

Sunway Real Estate Investment Trust (KL:SUNREIT) has appointed Derek Teh Wan Wei as its new chief executive officer (CEO), effective Monday.

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.

Ho Hup Construction Company Bhd’s (KL:HOHUP) shareholders have rejected the re-election of the founding family’s last board member Datin Chan Bee Leng and blocked RM500,000 in directors’ fees at Monday’s annual general meeting.

Myra, the residential arm of Oriental Interest Bhd (KL:OIB), has unveiled Myra Senja, a mixed-used development in Shah Alam, and has signed a memorandum of understanding (MOU) with Panasonic Malaysia to equip the open-market units at Myra Senja with a curated package of energy-efficient appliances.

The Federal Court has struck out an application by Phileo Damansara 1 (PD1) development’s management corporation for permission to appeal its attempt to impose different rates of maintenance charges over units in PD1.

Exsim Development Sdn Bhd and the Malaysian Basketball Association (Maba) officially commenced construction for their joint venture project named Maba Suitez at the former Wisma Maba site along Jalan Hang Jebat in Kuala Lumpur on Sunday.

Johor launched on Saturday the 3,200-acre Maharani Freeport in Muar as a three-island deep-water free zone, designed to serve regional oil and gas activities along the Strait of Malacca.