[ KUALA LUMPUR: Nestcon Bhd has accepted a letter of award worth RM108mil from Exsim Avenue Sdn Bhd to undertake construction works for a 37-storey mixed commercial development. In a filing with Bursa Malaysia, Nestcon said the contract will involve construction and completion of earthworks, piling works, main building works and infrastructure works, adding that … Read more
[ KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd’s (KPS) wholly-owned unit Bold Approach Sdn Bhd and Yeoh Jin Hoe have signed a conditional share sale agreement with AI Dream (HK) Ltd for proposed divestments of shares in Kaiserkorp Corporation Sdn Bhd for RM265.48 million cash. In a filing to Bursa Malaysia today, the company said the … Read more
[ SEOUL: Samsung Electronics Co Ltd reported a likely 35% drop in fourth-quarter operating profit on Tuesday, much worse than analysts expected as weak consumer demand persisted in many of its businesses even as memory chip prices improved. The world’s largest memory chip, smartphone and TV maker estimated its operating profit fell to 2.8 trillion … Read more
[ SHELL on Monday flagged impairment charges of about $2.5 billion to $4.5 billion for the fourth quarter, mainly related to the Singapore refining and chemicals hub the oil major is looking to sell. The assets include a 237,000 barrels per day (bpd) refinery and a one million metric ton per year (tpy) ethylene plant … Read more
[ Knowledge hub: The SOBA second-round judging held at Menara Star, Petaling Jaya with SMG chief business officer Lydia Wang (front, third from left) with chief judges BAM president Datin Winnie Loo (front, fourth from left), PUMM vice-president Datuk Dr Teh Tai Yong (front, fifth from left) and Malaysia Retail Chain Association vice-president Datuk Vincent … Read more
[ IT is a bittersweet moment for AirAsia founder Tan Sri Tony Fernandes as he looks out of his floor-to-ceiling window at the airline’s headquarters at Kuala Lumpur International Airport 2. This is the place where he spent a decade at, watching his planes take off and land from this very window. Read original article … Read more
[ PT GoTo Gojek Tokopedia Tbk and TikTok have signed a memorandum of understanding (MoU) with Gadjah Mada University (UGM) to partner in the establishment of the GoTo x TikTok x UGM Technology Centre. The digital talent development centre will be set up at UGM’s Gelanggang Inovasi dan Kreativitas (GIK), or Innovation and Creativity Arena. … Read more
[ CVC Capital Partners is considering selling its minority stake in Vietnam’s fourth biggest non-state owned commercial lender, Asia Commercial Bank (ACB), according to two people with knowledge of the matter. The Europe-based alternative investment firm is in talks with an adviser to explore the sale of its stake of less than 5% in the … Read more
[ PETALING JAYA: ACE Market-bound KJTS Group Bhd aims to raise RM58.9mil from its initial public offering (IPO) at a price of 27 sen per share. The IPO of the provider of building support services comprises the issuance of 218.03 million new shares, or 31.69% of the group’s enlarged issued share capital. It is expected … Read more
[ PETALING JAYA: VS Industry Bhd has earmarked about RM60mil for capital expenditure (capex) in its financial year ending July 31, 2024 (FY24). The electronics manufacturing services provider said the capex will be channelled towards optimising costs amid the current challenging operating environment. Read original article here Denial of responsibility! Genx Newz is an automatic … Read more
