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KUALA LUMPUR: Trive Property Group Bhd has established a joint-venture (JV) company with China-based Fortunate Solar Technology Ltd to tap into solar business with a total investment of RM60mil.
KUALA LUMPUR: E.A. Technique (M) Bhd (Eatech) has proposed to acquire a 100% interest in Libra Perfex Precision Sdn Bhd for RM5mil.
PETALING JAYA: British American Tobacco (M) Bhd (BAT Malaysia) is selling its landmark cigarette factory in Petaling Jaya for RM218mil to LGB Properties (M) Sdn Bhd as the group winds down its manufacturing business in the country. The buyer for the site was selected via a public tender exercise.
PETALING JAYA: The World Bank expects economic growth in Malaysia to trail expansion in the rest of the region this year, but to pick up pace from 2017 onwards as prices of commmodity stabilise.
PETALING JAYA: IHH Healthcare Bhd’s unit Parkway Pantai Ltd, through its joint venture company with Shanghai Hongxin Medical Investment Holding Co Ltd, has entered into a land contract with the Shanghai Minhang District Planning and Land Authority for the development of a 450-bed multi-speciality tertiary hospital in Shanghai New Hongqiao International Medical Centre.
KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) reiterates that its liquidity position is strong despite a move by Moody’s Investor Services to withdraw its rating on the 5.99% US$1.75bil senior unsecured notes issued by 1MDB Energy Ltd.
PETALING JAYA: KAF-Seagroatt & Campbell Securities (KAFSC) expects a steady outlook for the local construction sector, driven by heightened rollout of domestic infrastructure projects.
PETALING JAYA: The possible increase in Malaysia’s debt ceiling limit will unlikely lead to a downgrade in its sovereign credit rating, says MIDF Research.