News by theedgemalaysia.com

The Employees Provident Fund (EPF) has ceased to be a substantial shareholder of IOI Properties Group Bhd (KL:IOIPG) after almost nine years, as it trimmed its stake in the counter which had risen to a one-month high in a rally.

To prepare Selangor for the next step in Industry 4.0, the state government officially launched the IoT Enabled Industrial Park (IEIP), an initiative that promotes the implementation of smart technologies across selected industrial parks in the state.

Property developer Meridian Bhd’s (KL:MERIDIAN) external auditor Morison LC PLT said they issued a disclaimer of opinion for the company’s financial year ended May 31, 2025 (FY2025) accounts due to serious financial issues, including missing records that prevented verification of opening balances.

Mah Sing Group Bhd’s (KL:MAHSING) newly launched M Zenni development in Batu Maung, Penang, has achieved a 70% take-up rate.

Electronic circuit board maker GUH Holdings Bhd (KL:GUH) plans to expand into advanced printed circuit boards (PCBs) and launch a RM1.2 billion property project in Simpang Ampat, Penang, as part of plans to grow the company.

Varia Bhd (KL:VARIA) has lodged a sukuk murabahah programme of up to RM3 billion with the Securities Commission Malaysia.

Matrix Concepts Holdings Bhd (KL:MATRIX) has signed a memorandum of understanding (MOU) with logistics company Golog Holdings Sdn Bhd (Golog) to jointly develop the China-Malaysia Air Silk Road Dual Hub Industrial Park in MVV TechValley at Negeri Sembilan.

Advancecon Holdings Bhd (KL:ADVCON) said the group has secured a favourable adjudication decision against China Communication Construction (ECRL) Sdn Bhd (CCC) in relation to a payment dispute involving the East Coast Rail Link (ECRL) project.

Construction firm GDB Holdings Bhd (KL:GDB) has proposed a private placement of 93.75 million new shares, representing about 10% of its issued share capital, to independent third party investors Datuk Seri Chan Leng Sam and Datuk Seri Voon Thien Loong.

Malaysia has yet to decide on the Kuala Lumpur–Singapore High Speed Rail (HSR) project, despite seeking concept proposals from private firms two years ago.