News

PETALING JAYA: Hap Seng Consolidated Bhd is planning to establish five hotels in Malaysia in the next few years, making its foray into the hospitality sector. Read full story

KUALA LUMPUR: Despite opening higher at the start of the opening bell, the FBM KLCI succumbed to profit taking activities on Wednesday. Read full story

KUALA LUMPUR: HSS Engineers Bhd’s (HEB) associate SMHB Sdn Bhd (SMHB) has obtained an extended appointment by the Kedah State Government through Syarikat Air Darul Aman Sdn Bhd (SADA) for the upgrading of water treatment plant at Kubang Pasu, Kedah Darul Aman. Read full story

KUALA LUMPUR: Pecca Group Bhd’s wholly-owned subsidiary Pecca Leather Sdn Bhd (PLSB) has entered into a sale and purchase agreement (SPA) with UMW Development Sdn Bhd in respect of the purchase of a vacant leasehold industrial land measuring 4.31 acres at a purchase consideration of RM8.45mil. Read full story

KUALA LUMPUR: VSolar Group Bhd has signed a partnership agreement to procure and supply parts to RA Integration Links Sdn Bhd (RAILSB). Read full story

KUALA LUMPUR: Nestcon Bhd has accepted two sub-contract awards from China Communications Construction (ECRL) Sdn Bhd involving the East Coast Rail Link project in Kota Bharu, Kelantan worth RM90.4 million via wholly owned subsidiary Nestcon Infra Sdn Bhd. Read full story

KUALA LUMPUR: XOX Technology Bhd’s auditor Messrs. Ecovis Malaysia PLThas resigned due to cost and pricing issues. Read full story

KUALA LUMPUR: Senheng New Retail Bhd’s initial public offering (IPO) for the public portion has been oversubscribed by 10.4 times. Read full story

KUALA LUMPUR: Hong Seng Consolidated Bhd’s healthcare arm, HS Bio Sdn Bhd, has entered into a collaborative research and development (R&D) agreement with Universiti Malaysia’s Tropical Infectious Diseases Research and Education Centre (TIDREC). Read full story

KUALA LUMPUR: KPJ Healthcare Bhd announced the proposed establishment of an Islamic medium term notes (MTN) programme of RM3 billion for its shariah-compliant general corporate purposes, including financing the expansion and working capital requirements. Read full story