THE RM2 billion rail link connecting Bukit Chagar in Johor Baru to Woodlands in Singapore, dubbed the Rapid Transit System (RTS) Link, is on track for completion by end-2026. In an emailed response to The Edge, Mass Rapid Transit Corp Sdn Bhd (MRT Corp), developer and owner of the civil infrastructure for the section of the track in Malaysia, said: “As at Dec 31, 2022, the rail infrastructure has progressed at 26.11%. Construction of the depot at Wadi Hana and the Bukit Chagar RTS station is progressing well, and expected to be completed as scheduled.”
Here is a brief look at some corporate announcements and news flow on Wednesday, which include Kejuruteraan Asastera Bhd, Tenaga Nasional Bhd, TAFI Industries Bhd, T7 Global Bhd, Haily Group Bhd, Jade Marvel Group Bhd, Iskandar Waterfront City Bhd and Trive Property Group Bhd.
Iskandar Waterfront City Bhd (IWCity) has appointed Messrs Crowe Malaysia PLT as its new external auditor. “The board of directors of IWCity wishes to announce that the board has approved the audit committee’s recommendation to appoint Crowe Malaysia as the new external auditor of the company for the financial year ending Dec 31, 2022,” the property developer said in a filing with Bursa Malaysia on Wednesday (Sept 7).
Here is a brief look at some corporate announcements and news flow on Friday (July 22), which include AMMB Holdings Bhd, Protasco Bhd, LBS Bina Group Bhd, Gabungan AQRS Bhd, Iskandar Waterfront City Bhd, Thong Guan Industries Bhd, MyNews Holdings Bhd, Ireka Corp Bhd, CapitaLand Malaysia Trust, HPP Holdings Bhd, Econframe Bhd, Hextar Industries Bhd, UMediC Group Bhd, Artroniq Bhd, Tanco Holdings Bhd and Focus Point Holdings Bhd.
KUALA LUMPUR (July 15): Ekovest Bhd said today it will not proceed with its heads of agreement (HOA) with Iskandar Waterfront Holdings Sdn Bhd (IWH) to buy into the Bandar Malaysia project, following the lapse of Putrajaya s RM7.4 billion sale of 60% in the project to a joint venture of IWH.
On Wednesday, it was announced that IWH-CREC Sdn Bhd s proposed acquisition of 60% in Bandar Malaysia from the Ministry of Finance s TRX City Sdn Bhd (TRXC) for RM7.4 billion lapsed in May as the parties involved did not meet the conditions precedent for the deal.
IWH-CREC is a 50:50 joint venture between IWH and China Railway Engineering Corp (M) Sdn Bhd.