It said on Thursday IWC has proposed to merge with its major shareholder Iskandar Waterfront Holdings Sdn Bhd (IWH) through a one-for-one share swap scheme. IWH will take over IWC's listing status upon completion of the share swap.
Alam Maritim has bagged a RM34mil contract by a "reputable contractor" to provide offshore construction subcontract work for a floating production, storage and offloading unit called Perisai Kamelia.
LBS Bina has teamed up with YPJ Plantations Sdn Bhd to jointly develop a 541.4-acre mixed township in Kota Tinggi, Johor, with an estimated gross development value (GDV) of RM2.6bil.
GHL Systems will provide card payment services for CIMB's corporate clients in Thailand's retail and services segments.
Overnight, US markets closed lower due to plunging crude oil prices. However, European markets closed slightly higher as investors digested corporate earnings and economic data from Germany and the UK.
At Bursa Malaysia, the FBM KLCI lost 2.83 points to end at 1,725.54.
“We expect the local benchmark index continues to hover below the resistance level of 1,730 on lack of catalyst,” it said.
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