News by Sangeetha Amarthalingam

Bintai Kinden Corp Bhd's 69.82%-owned subsidiary in Singapore has won a S$10.4 million (RM32.4 million) government contract to provide integrated facilities management services.

PRG and Sunsuria said their respective subsidiaries — Premier Electrify Sdn Bhd and Sunsuria City Sdn Bhd — had signed a memorandum of collaboration to set out the terms of collaboration between the parties to promote the use of EVs in Malaysia.

Iskandar Waterfront City Bhd (IWC) shares gained 3.77% after hitting a 10-year high in May, following speculations among investors over its probable win of the new Bandar Malaysia deal.

Group hopes to do this through the unlocking of Lai Meng land.

Hua Yang Bhd aims to realise the potential of its 30.95% acquisition of Magna Prima Bhd at a total of RM190.3 million by unlocking the latter's value in the former Lai Meng School land on Jalan Ampang in the next two financial years ending March 31, 2020.

Selangor Dredging Bhd (SDB), via its indirect 50% associated company Champsworth Development Pte Ltd, has acquired a parcel of prime land in Draycott Park, Singapore for S$72 million (RM223.2 million).

This will help group pursue large-scale, capital-intensive construction projects​.

Iris Corp Bhd's share price slipped 6.06% to 15.5 sen three days after proposing a private placement exercise to raise up to RM40.49 million.

SHL Consolidated Bhd's net profit in the final quarter of its financial year 2017 grew 6%.

Property developer Malton Bhd’s net profit for the third quarter ended March 31, 2017 (3QFY17) dropped 39.7% to RM3.9 million or 0.87 sen per share from RM6.5 million or 1.45 sen per share a year ago due to reduced profit from its property development segment.