News by theedgemalaysia.com

Chin Hin Group Bhd (KL:CHINHIN) is acquiring a 65% stake each in two companies — an engineering and construction firm and a facilities and project management outfit — for RM51.51 million in a cash and share deal.

The Ministry of Housing and Local Government (KPKT) launched on Tuesday the Circular Economy Blueprint for Solid Waste in Malaysia (2025-2035), which includes establishing legislation related to the Extended Producer Responsibility (EPR) scheme and a zero-waste-to-landfill certification for manufacturers.

I-Bhd (KL:IBHD) on Tuesday broke ground for SkyCity in I-City, Shah Alam. It is a 60-metre tower featuring a 600-metre glass slide that is poised to be a new tourist attraction.  

Selangor’s newly-opened integrated circuit (IC) design park in Puchong is offering fresh engineering graduates salaries matching those in its neighbours Singapore and Vietnam, according to the Selangor Information Technology and Digital Economy Corp (Sidec) chief executive officer Yong Kai Ping.

Property stocks, which rallied over past few months, were among the hardest hit counters on Bursa Malaysia in the recent global equity rout as investors rushed to take profits as market sentiment was shaken by external headwinds.

The plan is to develop another integrated circuit design park in Cyberjaya to accommodate more engineers in Selangor, said Yong. 

Jati Tinggi said the sub-contract was awarded to its unit Jati Tinggi Holding Sdn Bhd (JTHSB), to provide horizontal directional drilling work in Gombak, Selangor.

The deal involves the setting off of RM66 million of indebtedness, and a RM18 million interest waiver on the debt owed by Talam Transform to IJM Properties.

On top of that, the court also ordered Ireka to pay incidental cost of RM7,500 and an allocator fee of RM300.

Bursa Malaysia Property Index, which tracks 97 stocks in the sector, settled down 9.74% to a nearly three-month low of 980.14 points, making it the biggest loser in the exchange on Monday.