IHH Healthcare intends to file a motion to dismiss the amended complaint by Emqore Envesecure Private Capital Trust for the lawsuit involving damages in excess of US$6.5 billion.
LBS Bina said its property sales target for 2022 is RM1.6bil, to be achieved by 14 planned launches that will cover the Klang Valley, Johor, Pahang and Perak.
This will amount to 3,733 units with a gross development value of RM1.77bil.
In 2021, it achieved RM1.575bil in property sales, surpassing its RM1.2bil target.
APB Resources’ unit Amalgamated Metal Corp (M) Sdn Bhd has accepted a purchase order from Singapore’s Desmet Ballestra (SEA) Ptd Ltd to construct pressure vessels, columns and heat exchangers worth RM10.4mil.
Wah Seong is selling a leasehold property on Pandan Road, Singapore for S$13mil (RM40.1mil) as part of its initiative to unlock idle assets and improve its working capital position.
NCT Alliance (formerly known as Grand-Flo) will be classified as a property stock from Jan 10. The counter is currently classified under the technology sector.
MISC’s wholly-owned subsidiary AET has taken delivery of the first of three Suezmax Dynamic Positioning (DP2) shuttle tankers meant for long-term charter with global oil company Shell.
Meanwhile, JF Apex said the FBM KLCI could remain sideways with support at 1,540 points following the recent rally of 6.05 points to 1,547.95.
The US market plunged overnight after minutes from the Federal Reserve's meeting last month revealed further tapering.
Bond yields rose at its fastest pace in two decades.
Earlier, European markets ended mixed as stocks took a breather after hitting a record high as the PMI showed a slow Euro zone economy in December due to Covid-19.