News by theedgemarkets.com

In a bourse filing, Pensonic said its wholly-owned Pensia Electronic Sdn Bhd (PESB) has inked a sale and purchase agreement (SPA) with HZGP on Monday (May 9) to dispose of the plot, which measures 1.2ha, together with the structures on it, comprising an office block and two two-storey warehouses, a guard house and ancillary buildings.

In a bourse filing, ES Ceramic said the acquisition will be satisfied via a combination of RM65 million cash and the remaining RM18 million will be paid in the form of new ES Ceramic shares, at an issue price of 32 sen per share.

Maybank IB analyst Yin Shao Yang said in a note that he understands that business at RWG has slowed from March due to the Omicron wave, and RWG has reopened only half of its about 10,000 rooms despite being allowed to reopen all from April 1.

In a statement on Friday (April 29), the property developer said it aims to become a stronger proponent of workplace safety and health in the property development industry in Malaysia.

This comes as revenue increased 10% to RM138.78 million from RM126.21 million on higher revenue rent and income from advertising, after more economic sectors and businesses were allowed to re-open under Phase 4 of the National Recovery Plan. 

In a bourse filing on Thursday (April  28), ACE Market-listed Vortex said it has entered into a conditional sale and purchase agreement with developer Aset Kayamas for the proposed acquisition.

In a trading stocks note today, the research house said the “higher high” bullish pattern that emerged yesterday may cause the stock to jump further towards hitting RM1.50, followed by the RM1.56 resistance.

The campaign, which runs until July 31, will offer sale promotion deals, including free memorandum of transfer, an interest-free period until December this year and 100% financing from Maybank Islamic’s HouzKey programme. Selected units will also be fitted with free kitchen cabinets.

In a statement on Thursday (April 28), MRT Corp said the RFP is open to companies with experience in managing at least one railway project in Malaysia or overseas of a minimum aggregate value of RM1 billion. The project should also have at least two of three elements, which are elevated stations and viaducts, underground stations and bored tunnels, or railway systems.

Tan Sri Cecil Abraham representing YWP submitted to a three-man bench via online proceedings that the application for the development of the Taman Rimba Kiara land was made solely by Memang Perkasa and did not involve YWP.