News by Justin Lim

Advancecon Holdings Bhd (KL:ADVCON) said the group has secured a favourable adjudication decision against China Communication Construction (ECRL) Sdn Bhd (CCC) in relation to a payment dispute involving the East Coast Rail Link (ECRL) project.

Matrix Concepts Holdings Bhd (KL:MATRIX) founder and group executive deputy chairman Datuk Seri Lee Tian Hock has transferred 10 million shares to his son Kelvin Lee Chin Chuan, who is also the company’s group executive director.

Country Heights said the full payment of RM142,698 to Fujifilm was settled on Sept 4.

Pesona Metro Holdings Bhd (KL:PESONA) said it has bagged a RM666 million contract from TA Global Bhd to build a shopping mall and an office tower in Bandar Sri Damansara, Petaling Jaya.

Kuchai Development Bhd (KL:KUCHAI) has proposed a special dividend of 44.8 sen per share to be followed by the company's voluntary withdrawal from Bursa Malaysia.

IGB Real Estate Investment Trust (REIT) (KL:IGBREIT) has proposed to set up a RM5 billion medium-term notes (MTN) programme.

Land & General Bhd (KL:L&G) plans to launch its maiden industrial park at its 2,500-acre Sungai Jernih Estate in Kerling, Hulu Selangor next year, with the development expected to span over a decade.

MKH Bhd (KL:MKH) has proposed to dispose of its furniture manufacturing subsidiary in China to focus on its property and plantation business.

Hanil, which manufactures water pumps and household appliances such as humidifiers and blenders, may invest RM220 million to develop a manufacturing plant in Sarawak as part of its expansion into Southeast Asia. 

Axis REIT (KL:AXREIT) rose on Monday, following news of its latest acquisition, though analysts are flagging tenant risk as the asset is currently unoccupied.