Malaysian contractors and building materials companies may face margin pressure from rising costs amid escalating conflict in the Middle East, CIMB Securities said.
Malaysia’s anti-graft agency said it has opened an investigation paper linked to Sunway Bhd’s (KL:SUNWAY) ongoing takeover offer for IJM Corp Bhd (KL:IJM).
TA Global Bhd officially unveiled Tower B of Amaya Residences in Bandar Sri Damansara, Selangor on March 1, following an 80% take-up rate for Tower A of the development.
Light Rail Transit 3 (LRT3)’s main contractor could face penalties of more than RM475 million due to project delays, Transport Minister Anthony Loke said.
Rivertree STF Synergies Bhd (KL:RSSB), formerly known as Sinmah Capital Bhd, has entered into a heads of agreement (HOA) to collaborate on the design, construction and operation of up to four centralised labour quarters (CLQs) in the Klang Valley, with a total indicative value of RM600 million.
Gadang Holdings Bhd (KL:GADANG) is buying an 11.18-acre parcel of land in Johor Bahru for RM75.48 million from a unit of Ekovest Bhd (KL:EKOVEST).
The office of non-executive and non-independent director Datuk Yong Chong Long has been vacated, effective Monday, pursuant to Paragraph 15.05(3)(c) of the Main Market Listing Requirements, the loss-making property developer and builder said in a bourse filing.
Shangri-La Hotels (M) Bhd announced that managing director Christopher Phong Siew San will resign, effective March 31, according to a bourse filing on Monday.
Genting Malaysia Bhd said its long-time president Datuk Seri Lee Choong Yan has been redesignated as a senior adviser, and is slated to step down from the new role in May.
EXSIM Hospitality said the contract is expected to contribute positively to its net assets per share, earnings and gearing throughout the contract period.
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