The private placement entails the issuance of 240.41 million new shares — 30% of LFE's total issued shares — to raise RM20.77 million based on an issue price of 8.64 sen apiece. 

Lee disposed of 810,811 shares in the property developer via off market transactions on Tuesday (Dec 6).

This state government had in August approved the development of the project on 49.92 acres of state land.

Mohammed has been on the company’s board as chairman since December 2013.

SkyWorld Development Bhd is seeking a listing on the Main Market of Bursa Malaysia, according to its prospectus exposure published on the Securities Commission Malaysia’s website on Monday (Dec 5).

Accurate and up-to-date data is key to making deft decisions when it comes to property investments, be it for buyers or developers. Hence, prudent investors spend tons of time and effort in scouring an array of avenues to get a comprehensive hold of facts and figures before signing on any commitments.  

“As a global organisation, we will showcase our international placemaking expertise alongside our 43-year history in Malaysia to introduce our signature approach to experiential retail."

Gamuda Bhd has allocated RM2 billion for investment in renewable energy (RE) businesses over the next five financial years in its bid to tap growing demand for this segment moving forward, said group managing director Datuk Lin Yun Ling.

Gamuda Bhd's planned 30% stake acquisition in ERS Energy Sdn Bhd for RM200 million via the subscription of shares is expected to help the group hasten its target of having an 800 MW renewable energy (RE) asset portfolio in the next few years, making it Malaysia's largest private RE producer.

Scientex Bhd's net profit for the first quarter ended Oct 31, 2022 (1QFY2023) rose 4.2% year-on-year to RM107.18 million from RM102.87 million, on the back of an 11% rise in revenue.