MRCB, Theta Edge, Tong Herr, Batu Kawan, MKH, Pentamaster, Oriental Kopi, Sentral REITs, LCTitan, Southern Score, CBH Engineering, Carlo Rino, Perak Transit & Handal
Several Malaysian companies, including MRCB and Theta Edge, have announced major corporate developments such as infrastructure contracts and privatization bids. These updates reflect significant activity on the Bursa Malaysia exchange.
Why it matters
These corporate actions indicate ongoing capital investment and consolidation trends within the Malaysian business sector.
BURSA SGX Home Companies in the news Make The Edge Malaysia your preferred source on Google KUALA LUMPUR (Aug 6): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:
A joint venture between Malaysian Resources Corp Bhd (KL: MRCB ) and Theta Edge Bhd (KL: THETA ) has secured the RM3.028 billion system turnkey contract for the Pulau Pinang Mutiara Line Light Rail Transit (LRT) project from Malaysia Rapid Transit Corp Sdn Bhd. MRCB owns 90% in the JV, while Theta Edge has the remaining 10%. Work is to span 68.8 months from the contract’s commencement date, MRCB said. — Mutiara Line LRT reaches key milestones; MRCB-Theta Edge JV wins RM3 bil contract
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