Short selling in  Globetronics Technology Bhd has been suspended after its share price dropped as much as 26.9 per cent today to 58.5 sen. Its share price opened at 81 sen and hit the highest level of 81.5 sen versus Monday's closing price of 80 sen. (NST) 

Sabah Development Bank is suing Ho Hup Construction Bhd and its 75 per cent owned subsidiary, Ho Hup Ventures (KK) Sdn Bhd (HHVKK), for a loan provided by the bank to one of its subsidiaries. (NST) 

JAKS Resources Bhd's (JRB) wholly-owned subsidiary JAKS Solar Power Sdn Bhd has entered into two separate sale and purchase agreements to dispose of 13 pieces of freehold land in Seberang Perai Selatan, Penang, for RM77.74 million. (NST) 

KIP Real Estate Investment Trust (KL:KIPREIT) has completed its asset enhancement initiative (AEI), which was initiated in February this year, at KIPMall Senawang in Seremban, Negeri Sembilan. (TheEdge)

Property developer, Land & General Bhd (L&G) plans to launch U10 Aria Rimba, a new township project in Shah Alam with a total gross development value (GDV) of approximately RM2.4 billion next year. (TheStar)

KTI Landmark Bhd's Taman Seri Lemawang housing project in Tuaran with the Housing & Urban Development Board (LPPB) has recently been awarded the Special Award of Excellence in Construction for Sabah Qlassic Programme 2023 and a 4-star rating from the Construction Industry Development Board (CIDB). (TheStar)

Press Metal Aluminium Holdings Bhd (KL:PMETAL) said a fire incident occurred at its phase 3 smelter in the Samalaju Industrial Park on Monday (Sept 9) night. (TheEdge) 

Interest in Malaysia's largest initial public offering in seven years saw Lee Thiam Wah add another RM2 billion to his fortunes just a day after listing 99 Speed Mart Retail Holdings Bhd at RM1.65 a piece. (NST) 

Source: New Straits Times, The Edge Markets, The Star 10 September 2024

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