IJM Corp has won a RM530mil contract to undertake superstructure works for two blocks of service apartment at Tun Razak Exchange (TRX).
Eversendai has agreed to buy its executive chairman and managing director Tan Sri AK Nathan’s private liftboat company. The value of the related party transaction was not revealed in the group's announcement to Bursa Malaysia.
KESM’s 2QFY20 net profit nearly quadrupled to RM1.86mil from RM474,000 or 1.1 sen per share a year ago.
Hibiscus said it remains on track to achieve its total production target of delivering between 3.3 million barrels of oil (mmbbl) and 3.5 mmbbl for its FY20 amid oil price slump.
However, the upstream oil and gas (O&G) producer warned there may be revisions to this target, as there could be an advantage to execute maintenance activities, which require a shutdown during this period of low prices.
APFT has signed a memorandum of understanding (MoU) with HELP International Corporation Bhd (HIC) to negotiate the acquisition of certain education business of HIC.
The proposed acquisition is part of APFT’s regularisation plan to relinquish its PN17 status, in order to remain listed on the Main Market of Bursa Malaysia.
OCR has terminated its joint venture (JV) agreement with D’nonce Technology Bhd to develop affordable apartments in Seberang Perai Tengah, Penang, worth RM85mil in gross development value.
Meanwhile, US markets rallied overnight following investor optimism on potential fiscal stimulus and tax incentives to counter economic slowdown due to the coronavirus.
Earlier, European stocks extended their selldown as Italy quarantined the entire country.
“Following the positive performance in Wall Street, the FBM KLCI could extend its rebound towards the resistance of 1,450 points,” JF Apex said.
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