News by Cynthia Blemin

The Selangor state government is in favour of finding amicable solutions to the RM1.18 billion land deal in Ijok, Kuala Selangor, which has hit a snag, through dialogue.

According to an announcement with Bursa Malaysia yesterday, Selangor Properties said it has completed the disposal of a parcel of freehold land, measuring 25,686 sq m, in lot 56495, Kuala Lumpur.

It was not known at press time the role that the Armed Forces Fund would play in the development of Bandar Malaysia, where the former Sungai Besi airbase was previously located.

EcoWorld said the group's revenue and gross profit continued to grow at a steady rate since its acquisition of the development rights to eight projects pursuant to the corporate exercise announced on April 25, 2014 became unconditional on Jan 8, 2015.

Fututech announced to Bursa Malaysia on Tuesday (Sept 15) that it signed a share sale agreement for the buyout of construction firms kerjaya Prospek (M) Sdn Bhd and Permatang Bakti Sdn Bhd, proposed a private placement to raise RM150 million, based on an indicative issue price of RM1.50.

According to a source familiar with the plan, the redevelopment of the new air force base for the Royal Malaysian Air Force in Butterworth, Penang, which has been in the works since early last year, may be scrapped altogether.

Ibraco's rights issue is on the basis of two rights shares for every five existing units held in the company

In a filing with Bursa Malaysia yesterday, the retail group said its wholly-owned unit East Crest International Ltd, Parkson, Oroleon (Hong Kong) Ltd and PRG entered into a sale and purchase agreement for the proposed disposal on July 15

Proposals submitted need not show proof of financing

The ministry’s secretary-general Tan Sri Dr Mohd Irwan Siregar Abdullah said the statement made by the online television Astro Awani was not true