News by Priyatharisiny Vasu

DPS Resources Bhd has proposed to acquire 253 acres of freehold land in Melaka for RM45.60 million, to undertake mixed development projects.

UEM Sunrise Bhd has completed the issuance of RM340 million in nominal value Islamic medium-term notes (IMTNs).

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.

MBSB Bank Bhd will offer a specially designed financing programme to contractors and vendors involved in current and future projects by Mass Rapid Transit Corp Sdn Bhd (MRT Corp), including the Rapid Transit System (RTS) Link project between Johor Bahru and Singapore.

IJM Corp Bhd has come up with a climate strategy outlining mitigation and adaptation measures it will take to face climate change, as the group said it is compelled to act now, with global warming expected to reach 1.5°C above pre-industrial levels by the early 2030s.

Bintai Kinden Corp Bhd said the group is working towards reaching an amicable solution after the company was sued by MBSB Bank Bhd for allegedly defaulting on a RM109 million Islamic financing facility.

The company said for the time being, there are no definitive agreements finalised and presented to the board of directors for consideration. 

KIP REIT Management Sdn Bhd, the manager of KIP Real Estate Investment Trust (KIP REIT), has appointed Valerie Ong Pui Shan as its chief executive officer, effective April 5.

Comintel’s wholly-owned subsidiary, Binastra Builders Sdn Bhd on March 31 accepted the Letter of Award from Exsim Bukit Jalil City Sdn Bhd for the project.

The ECRL project, spanning 665km and comprising 59 tunnels, includes construction works in four states, namely Kelantan, Terengganu, Pahang and Selangor, and is designed to be flood-free.