News by theedgemalaysia.com

Precision component manufacturer Northeast Group Bhd (KL:NE), which debuted on the ACE Market last October, is acquiring two leasehold properties in Seberang Perai Tengah, Penang for RM16.35 million, as part of its plan to accelerate production capacity expansion amid construction delays for its new factory.

The Court of Appeal (COA) on Friday has fixed June 24 to deliver its decision over the Federal Territory Land Registrar’s appeal over having to register the 263.272-acre prime Kuala Lumpur land known as the “Duta enclave” back to Semantan Estate (1952) Sdn Bhd, following a High Court decision last August.

Singapore-based Sobie Aviation independent analyst and consultant Brendan Sobie has questioned the viability of the Sultan Abdul Aziz Shah Airport's expansion plans after AirAsia on Thursday announced that it is opting out after seven months.

Exsim has clarified that discussions to terminate its data centre contract with Singapore-based technology company Aperia Cloud Services had started before Aperia Cloud became embroiled in a legal case involving two of its executives.

Following Bank Negara Malaysia’s (BNM) decision to maintain the overnight policy rate (OPR) at 3% on Thursday, economists project that the interest rate will remain unchanged for the rest of the year.

Cahya Mata Sarawak Bhd (KL:CMSB) shares fell to their 11-month low, after the group said its deputy chairman Datuk Seri Mahmud Abu Bekir Taib had filed a lawsuit against the group to inspect its accounts.

Bank Negara Malaysia (BNM) on Thursday kept the benchmark interest rate unchanged, as widely expected, amid its outlook for sustained economic growth and manageable inflation.

AEON Co (M) Bhd (KL:AEON) announced on Wednesday that its Aeon Mall Kinta City in Perak will be expanded and upgraded in a bid to enhance its retail offerings.

Construction player and property developer Vizione Holdings Bhd (KL:VIZIONE) has proposed a share capital reduction of up to RM500 million to eliminate its accumulated losses and strengthen its financial position.

KJTS Group Bhd (KL:KJTS) has secured a contract from KIP Real Estate Investment Trust (KL:KIPREIT) to provide retrofit works, operations and maintenance (O&M) services as well as provide chilled water supply for seven of the retail property trust’s shopping malls.