KUALA LUMPUR (Feb 17): Prasarana Malaysia Bhd will take legal action against the developer and site owner of a hotel project allegedly responsible for disruptions to the Light Rail Transit (LRT) operations between the Masjid Jamek and Bandaraya stations here, including seeking compensation of RM38 million. Transport Minister Anthony Loke Siew Fook (pictured) said the…
Read MoreKUALA LUMPUR (Feb 15): PLUS Malaysia Bhd (PLUS) and the Malaysian Highway Authority (Lembaga Lebuhraya Malaysia or LLM) have agreed to simplify the process of developing and growing the number of electric vehicle (EV) charging stations along the PLUS highway, said the Ministry of Investment, Trade and Industry (Miti). In a statement on Thursday, Miti…
Read MoreKUALA LUMPUR (Feb 15): Hektar Real Estate Investment Trust (Hektar REIT) is issuing five-year medium-term notes (MTN) worth RM215 million — the first issuance under Hektar MTN Satu Sdn Bhd’s MTN programme of up to RM500 million in nominal value. Hektar MTN Satu is a special purpose entity incorporated to raise financing on behalf of…
Read MoreKUALA LUMPUR (Feb 15): YNH Property Bhd’s proposed sale of a 5.098-acre freehold land in Desa Seri Hartamas to Sunway Group for RM170 million has been extended for a fourth time, pushing the deadline to May 12. According to a bourse filing on Thursday (Feb 15), YNH’s wholly-owned Kar Sin Bhd and Sunway Bhd unit,…
Read MoreKUALA LUMPUR (Feb 15): Property developer Maxim Global Bhd said the company’s public shareholding spread is back in compliance with Bursa Malaysia’s listing requirements. This came after Comintel Corp Bhd managing director and major shareholder Datuk Tan Kak Seng ceased to be a substantial shareholder of Maxim on Feb 7, according to a filing on…
Read MoreKUALA LUMPUR (Feb 14): UEM Sunrise Bhd has issued Islamic medium-term notes (IMTNs) worth RM500 million in nominal value. The group said the issuance was undertaken in three tranches: RM200 million first tranche with a five-year tenure maturing on Feb 12, 2029; RM100 million second tranche with a seven-year tenure maturing on Feb 14, 2031;…
Read MoreThe event was organised by the Malaysian Green Technology and Climate Change Corporation (MGTC), an agency of the Ministry of Natural Resources, Environment and Climate Change (NRECC) mandated to drive the country in the landscape of green growth, climate change mitigation, and green lifestyle. SHAH ALAM (Feb 15): S P Setia Bhd has been honoured…
Read MoreKUALA LUMPUR (Feb 13): GDB Holdings Bhd’s legal actions against Damai City Sdn Bhd (DCSB) and KSK Land Sdn Bhd over the 8 Conlay project disputes have been put back on hold for three months. This was after the court granted the pair (DCSB and KSK Land) and their parent KSK Group Bhd, another restraining…
Read MoreKUALA LUMPUR (Feb 13): Kumpulan Kitacon Bhd has secured a contract to build 182 terrace houses in the Selangor Cyber Valley for RM65.43 million. According to a bourse filing on Tuesday, Kumpulan Kitacon’s wholly-owned unit Kitacon Sdn Bhd received the letter of award from Worldwide Holdings Bhd. The contract entails main building works of 182…
Read MoreKUALA LUMPUR (Feb 13): Ireka Corp Bhd said RHB Bank Bhd has filed a lawsuit against the company, claiming RM6.53 million over an alleged default in a revolving credit facility. In a filing with Bursa Malaysia on Tuesday, Ireka said the bank had granted the revolving credit facility of RM6.5 million in 2015 and 2017…
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