Renewable energy producer Cypark Resources Bhd (KL:CYPARK) has formed a consortium to jointly explore and develop energy solutions for the 186-hectare German Technology Park in Ayer Keroh, Melaka.
Kuchai received notification from Bursa Securities on Monday, stating that the company triggered Paragraph 8.03(1) of the Main Market listing requirements.
The petition hearing is scheduled for Nov 18.
The group said its wholly-owned subsidiary, Exsim Concepto Sdn Bhd (ECSB), received the letter of award from Discovery Media Sdn Bhd for the subcontract under a project involving the development of 560 office units.
Gadang Holdings Bhd (KL:GADANG) is disposing of a leasehold land in Damansara Perdana for RM65 million to partially finance its existing construction projects and repay borrowings.
Construction and property development company MGB Bhd (KL:MGB) said it will undertake mixed development and residential projects on 26 acres of land in Taman Bukit Serdang, Seri Kembangan with a combined gross development value (GDV) of RM861.35 million.
The total sum for the proposed disposal of Kuchai Development Bhd’s (KL:KUCHAI) assets and liabilities to Sungei Bagan Rubber Company (M) Bhd (KL:SBAGAN) has been revised lower following the exclusion of an agricultural land parcel in Semenyih, Selangor.
The proceeds from these sukuk wakalah programmes will be used for working capital, capital expenditure, investments, refinancing, and general corporate purposes within the group and its joint ventures.
Gamuda Bhd (KL:GAMUDA) said on Friday it has secured a A$243 million (RM702 million) construction contract to deliver the Boulder Creek Wind Farm in Queensland, Australia.
Through this framework, TNB can utilise various financing instruments for its SFTs, which encompass sustainable and responsible investment (SRI), green, social and sustainability (GSS) and transition sukuk, GSS and transition bonds, as well as transition loans.
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