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  • UOA REIT sells Wisma UOA Pantai to CIMB Bank for RM120m

    June 8, 2018 11:25 AM 6

    PETALING JAYA: UOA Real Estate Investment Trust (UOA REIT) is disposing of Wisma UOA Pantai to CIMB Bank Bhd for RM120 million. UOA REIT said the net capital gain arising from the disposal is estimated to be RM541,000 after taking into account all related expenses, according to its filing with Bursa Malaysia. The disposal proceeds will be utilised to reduce

  • M-Mode bags RM260.57m construction contract

    June 8, 2018 10:52 AM 7

    PETALING JAYA: M-Mode Bhd's wholly owned subsidiary E&J Builders Sdn Bhd (E&J) has been appointed as a contractor to undertake construction work for the proposed 25-storey mixed commercial development project in Kota Kinabalu with a contract sum of RM260.57 million. The group said in a bourse filing that it had accepted a letter of award from Titijaya

  • Nova MSC bags RM15.4m job from Singapore's Public Utilities Board

    June 8, 2018 10:15 AM 10

    PETALING JAYA: Nova MSC Bhd's wholly owned subsidiary NovaCityNets Pte Ltd (NCN) has secured a S$5.17 million (RM15.4 million) from the Public Utilities Board in Singapore. Under the contract, NCN will supply, deliver and implement a Building Information Modelling (BIM) checking systems for building plan submission over about 20 months and thereafter

  • Lisa Lim Poh Lin appointed as independent non-executive director of Axiata

    June 8, 2018 9:12 AM 6

    PETALING JAYA: Axiata Group Bhd has appointed Dr Lisa Lim Poh Lin as its independent non-executive director to further strengthen the board's diversity mix and expertise. "We constantly strive to build a board composition of relevant business expertise, global experience and diversity of backgrounds. As an accomplished Malaysian scholar with high-profile

  • CCM gets US$20m financing facility

    June 7, 2018 1:31 PM 6

    PETALING JAYA: CCM Duopharma Biotech Bhd has secured US$20 million (RM79.4 million) financing from Oversea-Chinese Banking Corporation (Labuan Branch). It told Bursa Malaysia that the revolving credit-i Murabahah will be used to fund the RM59.16 million acquisition of an 8.39% stake in PanGen Biotech Inc from Chemical Company of Malaysia Bhd. “Apart

  • Straits Inter Logistics to acquire 55% of peer for RM35.75m

    June 7, 2018 1:02 PM 6

    PETALING JAYA: Straits Inter Logistics Bhd plans to acquire a 55% stake in oil bunkering services company Tumpuan Megah Development Sdn Bhd for RM35.75 million to expand its business. In a filing with Bursa Malaysia today, Straits Inter said it had entered into a conditional share sale agreement with the vendor, Raja Ismail Raja Mohamed. Straits Inter

  • Tune Protect invests in UK’s Laka

    June 7, 2018 12:08 PM 6

    PETALING JAYA: Tune Protect Group Bhd’s wholly owned subsidiary Tune Direct Ltd (TDL) has bought a 9.99% equity interest in UK’s insurtech Laka Ltd for £499,478.07 (RM2.64 million). TDL today executed a subscription and shareholders agreement for the deal. The investment is part of a seed round funding by Laka, whereby TDL is the lead investor

  • 13 Malaysian companies in Forbes Global 2000 list

    June 7, 2018 8:04 AM 7

    PETALING JAYA: Thirteen malaysian companies made it into the 16th annual Forbes Global 2000 list which includes publicly traded companies from 60 countries. The companies are judged based on four metrics, sales, profits, assets and market value. Malaysian entrants were led by Malayan Banking Bhd, ranked 394 and ended with AmBank group which was ranked

  • GDB tender book exceeds RM2b mark

    June 7, 2018 4:51 AM 6

    KUALA LUMPUR: GDB Holdings Bhd saw its tender book rise to RM2.1 billion as at May 31, 2018 due to participation in more tenders for high-rise projects in the Klang Valley, from RM1.4 billion as at April 23, 2018. The group's current tender book comprises six projects, namely high-rise residential and commercial buildings. Managing director Cheah Ham Cheia

  • Chin Hin sells 17 shop office units

    June 6, 2018 1:38 PM 8

    PETALING JAYA: Chin Hin Group Bhd’s wholly owned subsidiary PP Chin Hin Sdn Bhd will be disposing of 17 shop office units to Chin Hin Building Materials Supply (JB) Sdn Bhd for RM21.15 million. Chin Hin said in a filing with Bursa Malaysia, that the disposal includes five units of triple-storey shop office in Rawang, Selangor, three triple-storey shop office