<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 28): Kimlun Corp Bhd is buying two freehold tracts in Johor from Mah Sing Group Bhd for RM36.08 million. Kimlun said it plans to build commercial properties on the tracts.</p></div>

<div class=newsTextDataWrapInner><p>In separate statements to Bursa Malaysia today, Kimlun said it is buying an approximately 208.36ha (20,836.30 sq metre) tract along Jalan Persiaran Pulai Perdana for RM14.25 million. The company said it is also buying a 7.16ha (17.9 acre) site in Plentong for RM21.83 million.</p></div>

<div class=newsTextDataWrapInner><p>Kimlun said the proposed acquisitions provide "an opportunity for the group to increase the size of its land bank in strategic location in order to enhance its future revenue and earnings".</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>For the Jalan Persiaran Pulai Perdana land, Kimlun said its wholly-owned subsidiary Kiiville Sdn Bhd had signed the sale and purchase agreement with Mah Sing's 100%-owned subsidiary Mah Sing Properties Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>For the Plentong site, Kimlun said its wholly-owned subsidiary Kii Ashbury Sdn Bhd had entered into the sale and purchase agreement with Meridin East Sdn Bhd. Mah Sing owns 100% of Meridin East.</p></div>

<div class=newsTextDataWrapInner><p>Kimlun said both agreements were signed yesterday. Today, Mah Sing shares settled at RM1.46 at 12:30pm while Kimlun was traded at RM2.29.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Dec 28): Kimlun Corp Bhd is buying two freehold tracts in Johor from Mah Sing Group Bhd for RM36.08 million. Kimlun said it plans to build commercial properties on the tracts.

In separate statements to Bursa Malaysia today, Kimlun said it is buying an approximately 208.36h...

Mah Sing sells lands in Johor to Kimlun for RM36m

Euro zone inflation remains on track to fall back to 2% next year, so European Central Bank policymakers will likely start cutting interest rates from a record high in June, the account of their April meeting showed on Friday.

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Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

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<p>KUALA LUMPUR (May 10): Datin Seri Rosmah Mansor faces another legal action, this time revolving around from 1Malaysia Development Bhd (1MDB), SRC International Sdn Bhd and subsidiaries over luxury goods that were allegedly obtained through misappropriated funds.</p>


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<p>KUALA LUMPUR (May 10): Paramount Corp Bhd (KL:PARAMON) bought a 21.54% stake in Eco World International Bhd (EWI)(KL:EWINT) for RM170.61 million in cash.&nbsp;</p>


<p>CIMB Securities Sdn Bhd, a unit of CIMB Group Holdings Bhd (KL:CIMB), said on Friday it is targeting “high” single-digit growth in market share by year end.</p>


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<p>Bank Negara Malaysia (BNM) imposed a RM96,250 compound on Habib Jewels Sdn Bhd for non-compliance with the law on anti-money laundering and counter-terror financing.</p>


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<p>Shares of Sungei Bagan Rubber Co (Malaya) Bhd (KL:SBAGAN) rose as much as 76 sen or 15.29% to a new record high on Friday, following news a privatisation bid for Great Eastern Holdings Ltd, in which it owns a 1% stake.</p>


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<p>KUALA LUMPUR (May 10):&nbsp; <a href="https://theedgemalaysia.com/" target="_blank">theedgemalaysia.com</a> highlighted three stocks with positive momentum and five stocks with negative momentum at Bursa Malaysia’s afternoon close on Friday. &nbsp;</p>


Kuchai, VSTECS, AHB, Mclean, Kluang, Prtasco, Skywld, Kobay

<p>Shares of Globetronics Technology Bhd [KL:GTRONIC] surged on Friday as analysts project a promising outlook for the group's earnings in the second half of the financial year 2024 (2HFY2024), despite first quarter performance below consensus expectations.&nbsp;</p>


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<p>Tan Sri Azam Baki's contract as chief commissioner of the Malaysian Anti-Corruption Commission has been extended for another year, starting&nbsp;this Sunday (May 12).</p>


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<p>Malaysia’s industrial output rose at a faster-than-expected pace in March from a year earlier with the manufacturing sector leading broad gains, the Department of Statistics Malaysia (DOSM) said on Friday.</p>


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<p>CelcomDigi Bhd has completed 44% of its nationwide network integration and modernisation&nbsp;programme as it modernised over 7,200 sites as at end-April, leading to improved download speeds of 20% to 26% and better signal strength of 13% to 16% in post-consolidation areas.</p>


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<p>KUALA LUMPUR (May 10): Bursa Malaysia’s&nbsp;all-time high indicates that measures under the Madani framework are building investor&nbsp;confidence, said Finance Minister II Senator Datuk Seri Amir Hamzah Azizan.&nbsp;</p>


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<p>Inter-Pacific Research Sdn Bhd said that after a two-day consolidation, the key FBM KLCI index could mount a rebound to end the week on a firmer note.</p>


KLCI seen hovering between 1,600 and 1,610 on Friday

<p>MIDF Amanah Investment Bank started coverage of Allianz Malaysia Bhd (KL:ALLIANZ) with an above-consensus target price of RM23.37, citing stronger-than-average insurance growth and solid dividend yields.</p>
