KUALA LUMPUR (Sept 27): The Ampang/Sri Petaling Light Rail Transit (LRT) line is expected to resume operation on Feb 29 next year, after the comprehensive repair work on the flyover and track structure near the Bandaraya LRT station is completed. Rapid Rail Sdn Bhd (Rapid Rail), in a statement on Wednesday, said the original plan…
Read MoreKUALA LUMPUR (Sept 27): Berjaya Land Bhd (BLand) has rectified its public shareholding spread in accordance with Bursa Malaysia’s approved minimum requirement of 20%, ahead of its Sept 30 deadline. In a bourse filing on Wednesday (Sept 27), BLand said its public shareholding spread stood at 20.09% as at Sept 26, 2023. The company added…
Read MoreKUALA LUMPUR (Sept 27): TWL Holdings Bhd has proposed to undertake a private placement of up to 10% of its issued shares to raise up to RM23.51 million, mainly to fund the group’s development costs of 715 units of affordable housing under the Rumah Selangorku scheme. In a bourse filing on Wednesday, the property development…
Read MoreKUALA LUMPUR (Sept 28): SPNB Aspirasi Sdn Bhd, a unit of national housing development company Syarikat Perumahan Negara Bhd (SPNB), has filed another lawsuit alleging fraud against SPNB’s former CEO and executive director Datuk Ahmad Azizi Ali — this time involving a service apartment project in Hulu Langat, Selangor. Also named as defendants in the…
Read MoreKUALA LUMPUR (Sept 27): Rapid urbanisation is happening, and it’s happening very fast. Up to 4.4 billion of the world’s population now live in cities, and the number of people is 26 million for Malaysia according to TPr Ts Norliza Hashim, URBANICE Malaysia chief executive officer, when presenting her paper titled “Urban Resilience: Challenges for…
Read MoreKUALA LUMPUR (Sept 27): Finology Group has successful closed of a pre-Series A funding round of an undisclosed amount. A media release by the fintech company stated that the round was led by Silverlake Group and “featured participation” from The Hive Southeast Asia, a recipient of the Dana Penjana Nasional programme under the purview of…
Read MoreKUALA LUMPUR (Sept 27): IJM Land’s Avela Phase 17C homes at IJM Rimbayu, launched on Sept 11, has achieved a take-up of 42%, the developer said in a press statement on Tuesday (Sept 26). This third and final phase of Avela, Phase 17C, features 145 two-storey Type A Garden Homes that measure 30ft (feet) by…
Read MoreKUALA LUMPUR (Sept 26): Berjaya Corp Bhd (BCorp) has disposed of a 2.24% stake in Berjaya Land Bhd (BLand), ahead of its end-September deadline to comply with a public shareholding spread requirement of 20%. According to a bourse filing on Tuesday, BCorp disposed of 110 million shares in BLand held under Juara Sejati Sdn Bhd…
Read MoreKUALA LUMPUR (Sept 26): Ecoscience International Bhd has secured a RM38.02 million contract for the construction of a building and substation in Kerling, Selangor. According to a bourse filing on Tuesday, the company’s wholly-owned unit Ecoscience Manufacturing & Engineering Sdn Bhd has accepted the letter of award from Thens Architect, which issued the contract on…
Read MoreKUALA LUMPUR (Sept 26): Ho Hup Construction Co Bhd plans to undertake a private placement exercise of 10% of its share base to raise RM12.4 million, most of which is to be set aside to pay its sub-contractors. In a bourse filing on Monday, the construction outfit said the private placement exercise entails the issuance…
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