FGV Holdings has entered a two-year MoU with MMC Corp’s Johor Port Bhd to explore buying a 25% stake in Fauji Akbar Portia Marine Terminals, a dry bulk terminal in Port Qasim, Pakistan.
Guocoland’s 68%-owned GLM Emerald Industrial Park (Jasin) Sdn Bhd (GLM) is selling a plot of 263.8 ha freehold agricultural land in Jasin, Melaka for RM119.26mil, which will net the group a RM35.35mil gain.
The bulk of the sale proceeds will be used for working capital and/or be distributed to GLM's shareholders.
Kejuruteraan Asastera is going to acquire a 30% stake or 37,500 shares of the enlarged issued share capital of LeveragEdge Sdn Bhd for RM2.1mil, to enter the solar energy industry.
London Biscuits’ external auditor Messrs Nexia SSY PLT (Nexia) has resigned, as the audit firm does have enough resources to provide reasonable professional due care to the company and its subsidiaries.
The Ministry of Energy Science, Technology, Environment and Climate Change has given Tadmax Resources the all-clear to proceed with the development of a 1,200MW combined-cycle gas turbine (CCGT) power plant in Pulau Indah.
Tadmax is collaborating with Selangor state-linked Worldwide Holdings Bhd and Korea Electric Power Corp for the plant.
Meanwhile, US markets plunged on Friday on geopolitical concern after US' airstrikes killed Iran's top military leader.
Similarly, European stocks plummeted following geopolitical tension from the airstrikes.
“Following the bearish performances in the US and Europe, the FBM KLCI could retrace to its immediate support of 1,600 points, ” JF Apex said.
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