Ekovest enters strategic collaboration with CREC, posts 44% jump in 1Q profit

KUALA LUMPUR (Nov 27): Ekovest Bhd, whose first quarter net profit jumped 44% on-year, says today it has entered into a "multi-angle, broad-based strategic collaboration" with China's state-owned conglomerate, China Railway Group Ltd (CREC), that aims to explore new ventures and projects like the construction and development of infrastructure in Malaysia and the Asia Pacific.

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Chinese consortium led by CRC to bid for KL-Singapore HSR project

PETALING JAYA (Dec 26): A consortium led by China Railway Corp (CRC) including at least eight companies such as China Communications Construction Co Ltd, China Investment Corp and the Export-Import Bank of China intends to submit a proposal for the Kuala Lumpur-Singapore High-Speed Rail project, Caixin reported.

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China rail firms team up to bid for KL-S’pore high speed rail

PETALING JAYA (Dec 26): China Railway Corporation, the republic’s railway operator, will collaborate with China Railway Group Ltd, China Railway Construction Corp Ltd, China Communications Construction, CRRC Corp Ltd and other firms to bid for the Kuala Lumpur-Singapore high speed rail (HSR) project.

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Confusion arises over 1MDB's Bandar Malaysia deal

KUALA LUMPUR: China Railway Group Ltd’s filings with the Hong Kong Stock Exchange has created some confusion over the exact value of 1Malaysia Development Bhd’s (1MDB) sale of a 60% stake in Bandar Malaysia Sdn Bhd, to a 60:40 consortium of Iskandar Waterfront Holdings Sdn Bhd and China Railway Engineering Corp (M) Sdn Bhd (CREC).

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