News by theedgemalaysia.com

The toll collection for Section 1 of the West Coast Expressway (WCE), which connects the Banting Interchange to the South Klang Valley Expressway (SKVE) Interchange, will commence next Monday (Sept 30), according to WCE Holdings Bhd (KL:WCEHB).

Crescendo Corporation Bhd’s (KL:CRESNDO) net profit for the second quarter ended July 31, 2024 (2QFY2025) surged more than 30-fold year-on-year (y-o-y), boosted by its data centre-linked land sales in Nusa Cemerlang Industrial Park (NCIP), Johor.

Mechanical and electrical (M&E) services specialist Bintai Kinden Corp Bhd (KL:BINTAI) is doubling down on its construction division as part of its proposed regularisation plan to uplift the company from its Practice Note 17 (PN17) status.

Frozen seafood supplier PT Resources Holdings Bhd’s (KL:PTRB) partnership with China’s Ocean Exchange (Fujian) Foreign Trade Services Co Ltd (Ocean Exchange) to develop the Malaysia East Coast International Supply Chain Intelligent Park in Kuantan, Pahang has fallen through.

Talam said the consolidation may reduce the volatility of its share price, as they are currently trading at a low, so much so that even a small change can have a significant percentage impact.

Singapore-based Equalbase Development Pte Ltd, which specialises in the development and management of industrial assets, held the groundbreaking ceremony of Valdor II, a RM220 million multi-storey warehouse in Penang, on Thursday (Sept 26).

Gamuda Bhd (KL:GAMUDA) said on Friday it has secured a A$243 million (RM702 million) construction contract to deliver the Boulder Creek Wind Farm in Queensland, Australia.

Gamuda Bhd (KL:GAMUDA) is targeting a RM35 billion order book by the end of 2024, on the back of both international and domestic projects, positioning it for strong growth in the financial year ending July 31, 2025 (FY2025), analysts said.

HCK Capital Group Bhd (KL:HCK) is issuing new shares to settle the bulk of an outstanding RM113.35 million debt that its subsidiary owes its executive chairman Tan Sri Clement Hii Chii Kok @ Hii Chee Kok.

Gamuda Bhd (KL:GAMUDA), whose share price has gained 74.5% year to date, proposed a one-for-one bonus issue, involving an issuance of up to RM2.98 billion bonus shares.