News by theedgemalaysia.com

HIL Industries Bhd has proposed to acquire a company that owns land near the Shah Alam-Klang border that has been earmarked for residential development, in a related party transaction.

Wasco Bhd (formerly known as Wah Seong Corporation Bhd)’s indirect wholly-owned subsidiary, Wasco AgroTech Sdn Bhd, has disposed of a piece of freehold land in Klang, Selangor for RM40 million.

The construction sector must embrace the disruption of technologies, such as the industrialised building system (IBS), building information modelling (BIM) and automation, to meet the demands of the modern world, said Works Minister Datuk Sri Alexander Nanta Linggi.

Battersea Power Station in London will see its office further expanding in 2023 with the completion of 50 Electric Boulevard, a 200,000 sq ft office building designed by Foster + Partners, according to a statement dated Oct 11.

Charger point operators (CPOs) have been given a two-year period to submit applications for existing completed and operational electric vehicle charging bays (EVCBs) to local authorities, as announced by Minister of Local Government Development Nga Kor Ming.

RHB Research maintained its "buy" call on Malaysian Resources Corp Bhd (MRCB) with a 55 sen target price (TP), on the premise of the timely delivery of the Light Rail Transit (LRT3) project.

The Federal Court has granted permission to the Petaling Jaya City Council (MBPJ) to have the merits of its appeal be heard over the success of a residents' association (RA) in the Court of Appeal, which decided that non-paying members in a residential area can remove the boom gates to the entrance there themselves without the security guards' assistance.

Tropicana Corp Bhd is seeking to strike out the claim filed by RHB Trustees Bhd, Sunway REIT Management Sdn Bhd and Sunway Education Group Sdn Bhd over its alleged breach of agreement and double-dealing over the sale of shares and a stake in St Joseph International School.

Malaysian coworking and flexible space provider WORQ is targeting to achieve a total RM40 million in its fourth fundraising round and announced that it has completed its latest round pre-Series B fundraising backed by 14 follow-on investors including global asset management firm PhillipCapital — its third consecutive investment into WORQ and its largest placement to date — and the Leong family of Mah Sing Group Bhd.

APB Resources Bhd has proposed to acquire a 16-storey Serba Dinamik building in Shah Alam, Selangor for RM38 million, subject to the approval from the High Court.