News by theedgemarkets.com

Bintai Kinden Corporation Bhd said its sub-subsidiary Johnson Medical International Sdn Bhd (JMI), which is facing a RM27.7 million liquidated damages claim, has good grounds of defence.

The Federal Court will deliver its decision next Tuesday (April 18) on an appeal brought by a developer and Kuala Lumpur City Hall (DBKL) against the judicial review application filed by Taman Tun Dr Ismail (TTDI) residents over the development order granted for a multi-storey housing project on a plot of land in the Taman Rimba Kiara recreational park.

Yong Tai Bhd has scrapped the mining agreement to undertake a gold mining project on a 100ha site in Bukit Kenderak in Pahang's Lipis district.

Property developer Tambun Indah Land Bhd said it has proposed a first and final single tier dividend of 5.6 sen per share for the financial year ended Dec 31, 2022 (FY2022), to be approved by shareholders at its upcoming annual general meeting.

Country Heights Holdings Bhd (CHHB) has assured investors that the "recent personal incident" of its controlling shareholder and founder Tan Sri Lee Kim Yew will not impact the company.

Tan Sri Lee Kim Yew claimed that he did not file for bankruptcy, and is still far from insolvency, after news that the Shah Alam High Court had declared him bankrupt went viral on Wednesday (April 12).

RHB Research initiated its "buy" call for AME Real Estate Investment Trust (REIT) due to its clear pipeline of new developments from AME Elite Consortium Bhd, favourable supply-demand in the industrial property space, and worker dorms as its new high-class assets.

AEON CO (M) Bhd (AEON) have signed a supply agreement for renewable energy (SARE) with Tenaga Nasional Bhd (TNB) and GSPARX Sdn Bhd (GSPARX) for the installation of solar photovoltaic (PV) facilities.

Mutiara Johan Group anticipates strong sales for its Mutiara Central bumi lots once they are released in a few weeks time.

Glomac Bhd has proposed to acquire the remaining 49% stake in Glomac Bina Sdn Bhd from the group's executive chairman and major shareholder Tan Sri Mohamed Mansor Fateh Din (FD Mansor) and another major shareholder, Mohd Yasin Loh Abdullah.