IJM Land Bhd and Sime Darby Property Bhd have signed
up as the new Malaysian consortium partners in developing the Malaysia-China
Kuantan Industrial Park (MCKIP). International Trade and Industry Minister
Datuk Seri Mustapa Mohamed said the participation of IJM Land and Sime Darby
marked a significant milestone as both companies had strong credentials as
master developers and were well-established names, locally and internationally.
(StarBiz)
Dialog Group Bhd's
shareholders had approved the company's plan to raise funds for investments in
two projects with a collective value of RM9bn in Pengerang, Johor. Dialog owns
a 25% stake each in the proposed RM6.3bn Pengerang Terminal phase two and
RM2.7bn Pengerang liquified natural gas (LNG) projects. (TheEdge)
Protasco Bhd has bagged a RM58mn contract for main
civil and infrastructure works to connect the road between Jalan Klang Lama and
the New Pantai Expressway (NPE). The project was awarded by Malaysian Resources
Corp Bhd's unit Gelanggang Harapan Construction Sdn Bhd. (TheEdge)
Iskandar Waterfront City Bhd said
it is disposing of three contiguous pieces of freehold land in Plentong, Johor,
which collectively measures some 127.92 acres (51.77ha), for RM2.37bn or
approximately RM426 per sq ft. Upon completion of the proposed land disposal,
Iskandar Waterfront expects to recognise a gain of approximately RM1.2bn (after
taxation) or approximately RM1.80 sen per share. (TheEdge)
Cocoaland Holdings Bhd today
confirmed a report that it is in discussions with Swedish private equity group
EQT Partners for potential investments in the confectionery manufacturer. The
group's board of directors said that its major shareholder Leverage Success Sdn
Bhd is in preliminary discussions with EQT for various investment possibilities
in Cocoaland. (TheEdge)
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