Daily- Proton

Proton Holdings Bhd, the holding company of Lotus Group, has signed a joint venture
agreement with Lotus Group International Ltd, UK and Goldstar Heavy Industrial Co Ltd for a
possible business expansion of Lotus cars in China. The collaboration seeks to accelerate the
development of Lotus cars in the premium sports segment in China, leveraging on the
incentives offered by the Fujian provincial government. (StarBiz)

Taliworks Corp Bhd won a kind of victory in the three-year dispute related to its waste
water treatment project in Ningxia Province, China, as its subsidiary was hit with a lower
penalty amount. It told Bursa Malaysia that the China International Economic and Trade
Arbitration Commission’s (CIETAC) Shanghai sub-commission had ordered its subsidiary,
Ningxia Eco Wastewater Treatment Co Ltd, to pay 4.37mn yuan (RM2.55mn) in penalty to
Hua Sheng Construction Group Co Ltd. (StarBiz)

OSK Property Holdings Bhd is setting aside RM100mn as capital expenditure for land
acquisition this year. Its managing director and CEO Tan Sri Ong Leong Huat said on Friday
the group targets to maintain RM1bil of gross development value in property launches this
year. About 20% to 30% of this would be from the ongoing Sungai Petani development in
Kedah, he added. (StarBiz)