Malton's joint venture (JV) with Hong Kong-listed Nan Hai Corp Ltd has been selected to enter into the next phase of bidding to build a superstructure above the airport express train station located near the Taipei main train station in Taiwan.
EcoFirst is seeking to jointly develop a RM1.25 billion gross development value (GDV) mixed project in Paya Terubong, Penang with the Lone Pine Group.
Deleum has bagged a new contract from ExxonMobil Exploration and Production Malaysia Inc to provide slickline equipment and services for the latter.
Hock Seng Lee announced that its consortium has been awarded a substation works contract in Kuching, Sarawak worth RM90.99mil.
Kim Loong Resources’s net profit for its 3QFY19 fell 40.5% y-o-y, dragged by lower production and depressed palm oil prices.
Kronologi Asia plans to acquire IT infrastructure company Sandz Solutions (Singapore) Pte Ltd for RM75mil using a combination of cash and new share issuance, which will pave the way for the emergence of a new single, largest shareholder in the group.
On Wall Street overnight, the Dow Jones Industrial Average saw a dramatic reversal, ending 258 points or 1.14% higher after losing as much as 611 points in intra-day trading.
The S&P500 Index also turned positive, ending the day 0.9% higher while the Nasdaq Composite Index edged up 0.4%.
Over in European markets, the selloff continued with Germany's DAX falling 2.4%.
The retreat in global equities also dampened sentiment for oil as the commodity further retraced the impressive gains seen over a day ago. US crude plummeted 3.5% to US$44.61 a barrel.
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