Author: Alvin Tang

KUCHING: AIZO Group Bhd has fixed the issue price of the sixth tranche of its private placement at RM0.0813 per share. The issue price represents a discount of approximately RM0.0090 or 9.97 per cent from the 5-day volume weighted average market price (VWAMP) of AIZO shares from May 5 to

KUCHING: Property developer NAIM Holdings Bhd chalked up new property sales of RM58.5 million last year. This was achieved amidst a challenging market environment marked by affordability concerns and tighter financial conditions, said the company’s Chairman, Datuk Amar Hamed Sepawi, and Group Managing Director, Datuk Hasmi Hasnan, in a joint

KUCHING: The US administration’s announcement of a 25 per cent tariffs on aluminium imports has sparked an initial reaction, leading to higher aluminium prices and an increase in the US Midwest premium, says Press Metal Aluminium Holdings Bhd group’s chief executive officer (CEO) Tan Sri Paul Koon Poh Keong. He

KUCHING: Subur Tiasa Holdings Bhd has developed 23,500 hectares of oil palm estates — over 52 per cent of its 44,500-hectare plantation landbank — across Sibu, Mukah, Samarahan, and Kapit.  Approximately 83 per cent of palms are in their prime mature stage, with a weighted average age of 11.5 years, said

KUCHING: Zecon Bhd’s Kota Petra Green Technology Park (KPGTP) is expected to attract RM12 billion in investment, and generate 10,000 jobs during its construction phase, said Group Managing Director, Datuk Zainal Abidin Ahmad. Spanning 3,000 acres near Demak Laut Industrial Estate and Senari Port, the park will focus on high-growth

KUCHING: AIZO Group Bhd’s 63 per cent-owned unit, Wawasan Demi Sdn Bhd (WDSB), has inked a 21-year power purchase agreement (PPA) with Tenaga Nasional Bhd (TNB) for a 99.99 MWac large-scale solar photovoltaic project in Kampar, Perak. The project, awarded under the national LSS programme, is slated to begin commercial

KUCHING: Sarawak Oil Palms Bhd (SOP) posted a 43 per cent jump in net profit to RM113.8 million for the first quarter ended March 31, 2025 (1Q2025), from RM79.5 million a year ago, lifted by higher fresh fruit bunch (FFB) yields and better selling prices. Group revenue rose 9 per

KUCHING: Rimbunan Sawit Bhd’s audited FY2024 financial statements have been flagged with a material uncertainty by its independent auditor, Crowe Malaysia PLT, raising doubts about the group’s ability to continue as a going concern. Despite issuing an unmodified opinion, the auditor noted that the group’s current liabilities exceeded current assets by

KUCHING: KKB Engineering Bhd has won an adjudication case against Fook Lai Construction & Development Sdn Bhd over RM10.06 million in unpaid claims for structural steel work at a glove factory in Bintulu. The dispute stems from subcontract work awarded on August 30, 2022, for the supply, fabrication, painting, and