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MAHB demands immediate fixes from contractors as aerotrain reliability dives; restarts shuttle bus service
Malaysia Airports Holdings Bhd (MAHB) said it has demanded immediate corrective action from its aerotrain contractors as its preliminary assessments revealed a declining trend in the train's system reliability, in particular its vehicle and power distribution systems.
Parkson subsidiary terminates tenancy agreement for property in China
Parkson Holdings Bhd (PHB) said its 54.97%-owned subsidiary, Parkson Retail Group Ltd (PRGL), has terminated a tenancy agreement involving a property in Guiyang City, Guizhou Province, China.
Bina Puri seeks 10% debt waiver under conceptual restructuring plan
Bina Puri Holdings Bhd (KL:BPURI) has outlined a "conceptual" scheme of arrangement that proposes creditors grant a 10% waiver on debts it owes them, as the company seeks court protection to finalise its financial overhaul.
Country Heights auditor flags going concern uncertainty after FY2025 losses and liabilities exceeding assets
The external auditor of Country Heights Holdings Bhd (KL:CHHB) has flagged a material uncertainty related to the property developer’s ability to continue as a going concern considering its net loss and its liabilities exceeding assets for the financial year ended June 30, 2025 (FY2025).
Pahang eyes economic boom, new jobs with RM600 mil super magnet facility
Pahang is set for economic growth and new employment opportunities following the development of a RM600 million super magnet manufacturing facility project in the state.
SCIB gets new revised RM172.4m contract for PR1MA housing in Kelantan
Sarawak Consolidated Industries Bhd (KL:SCIB) said it has accepted a second revised contract worth RM172.4 million to build affordable housing in Kota Bharu, Kelantan.
Nga Kor Ming apologises to media practitioners
Housing and Local Government Minister Nga Kor Ming today apologised and retracted remarks he made during the pre-launch of the Bukit Bintang’s I Lite U lighting initiative recently.
L&P Global to sell Kulim industrial property for RM13.9 mil
Industrial packaging firm L&P Global Bhd (KL:L&PBHD) is disposing of a leasehold industrial property in Kulim, Kedah, for RM13.88 million cash, to unlock the value of the underutilised property and redeploy capital.
Hearing of Bina Puri’s winding-up petition postponed after scheme of arrangement filed
A company that had in February this year obtained a summary judgment against Bina Puri Holdings Bhd (KL:BPURI) for owing it RM28.1 million, has filed a winding-up petition over the unpaid debt.
