News by theedgemalaysia.com

Kumpulan Kitacon Bhd (KL:KITACON) has secured a contract worth RM111.23 million for the construction of factories and industrial facilities in Klang, Selangor.

The proposed development of a port city on Carey Island could significantly boost the land value of SD Guthrie Bhd (KL:SDG), formerly known as Sime Darby Plantation Bhd, over time to the tune of RM7.1 billion, according to Maybank Investment Bank (Maybank IB).

 Loss-making property developer and builder Jiankun International Bhd (KL:JIANKUN) is seeking to raise up to RM3.86 million via a private placement of shares at an issue price to be determined later.

UEM Sunrise Bhd (KL:UEMS) collaborated with social enterprises under the Ministry of Entrepreneur and Cooperatives Development to hold a ‘Waste to Wonder’ community programme in July, according to a press statement on Friday.

Construction firm Mitrajaya Holdings Bhd (KL:MITRA) said on Friday it has won a job worth RM151.99 million from the Northern Corridor Implementation Authority.

TSH Resources Bhd’s (KL:TSH) land sales, which would have fetched roughly 2.43 trillion Indonesian rupiah (RM731.09 million), in North Kalimantan have been downsized to RM447.17 million.

Analysts have trimmed their earnings forecasts for Sentral REIT (KL:SENTRAL), following a lease expiry at Menara Shell in May, but see limited downside risk to occupancy rates in the medium term.

MK Land Holdings Bhd (KL:MKLAND) said on Thursday it has reached a settlement with the tax authority that would cut the additional bills and penalty imposed on its unit by nearly 85%.

The Attorney General's Chambers (AGC) on Thursday filed a notice of appeal against the High Court's decision requiring the government to return 263.72 acres (106.72 hectares) of land known as the ‘Duta enclave’ to the liquidator of Semantan Estate (1952) Sdn Bhd.

The government's proposal to introduce regulations aimed at enforcing sustainability-linked standards for the domestic data centre market will see some of the data centres becoming non-compliant with the requirement, carrying implications for domestic competitive dynamics, according to Fitch Solutions company BMI.