The FBM KLCI was up 7.39 points or 0.44% to 1,684.42 at 5pm. Decliners beat gainers by 668 to 268 while 321 counters were unchanged.
Amcorp Properties Bhd has stepped up its plan to buy more properties in London and the latest being a joint venture to buy apartments in heart of Belgravia for £45mil (RM262.35mil). Read more
Mah Sing Group Bhd will renegotiate the terms and conditions of a 2014 agreement to buy a 85.43-acre portion of Sultan Salahuddin Abdul Aziz Shah Golf Course in Shah Alam for RM327.48mil. This follows its inability to fulfill the conditions precedent to turn the land into a gated and guarded community with a potential gross development value of RM2.5bil. Read more
Protasco Bhd’s subsidiary, Roadcare (M) Sdn Bhd has secured a 10-year extension to its existing concession to maintain the federal roads in Peninsular Malaysia. The concession will now end on Feb 16, 2026. Read more
Felda Global Ventures Holdings Bhd (FGV), which plans to buy about 55% equity interest in China-based edible oil producer Zhong Ling Nutril-Oil Holdings Ltd, has cancelled its application for approval to one of the regulators and has not resubmitted it. The cancellation was pending more information to be given by FGV on its investment. FGV first made its applications to Bank Negara and the Finance Ministry seeking their approvals in April 2015, Read more
Construction company JMR Conglomeration Bhd, whose shares hit limit up on Monday, says it and its board are not aware of any corporate development, rumour or report that may have contributed to the unusual market activity except for the group executive chairman Datuk Goh Nai Kooi @ Gah Mai Kwai acquiring 158,500 shares that day. Read more
A proposed joint-venture (JV) mixed development project in Sepang involving Nexgram Holdings Bhd and Asdion Bhd has failed to receive the land development order (DO) from the Sepang Municipal Council. Read more
Telekom Malaysia Bhd (TM) has paired up with British Telecommunications Plc (BT) in a Wi-Fi roaming agreement, which allows both parties to leverage on each other’s Wi-Fi networks in Malaysia and the United Kingdom and enables the monetising of UK-Malaysia roaming. (from press statement) Read more
Alam Maritim Resources Bhd
has bagged a RM54.2mil contractto provide workboats for Petronas Carigali Sdn Bhd. The two-year contract, effective from Feb 19, 2016, has an extension option of one year,
Heitech Padu Bhd has clinched a RM28.6mil contract from the Health Ministry to develop, install and implement a pilot module for clinical documentation in the Patient Management System.
Leading thermo-vacuum formed plastic packaging manufacturer SCGM Bhd recorded a net profit of RM7.1mil in the third quarter ended Jan 31, 2016, surging by 83.3% from RM3.8mil previously.
Limited time offer:
Just RM5 per month.
