<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 13): Advancecon Holdings Bhd’s wholly-owned subsidiary Advancecon Infra Sdn Bhd (AISB) has secured subcontract works worth RM86.75 million from KEB Builders Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>In a filing to Bursa Malaysia on Tuesday (Dec 13), the company said AISB accepted a letter from KEB for its appointment as the subcontractor for the "Preliminaries, Site Clearance and Earthworks, Geotechnical Works, Erosion Sediment and Control Plan" job.</p></div>

<div class=newsTextDataWrapInner><p>The overall subcontract period is 30 months, starting from Dec 13, 2022.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>AISB is principally involved in providing earthworks and civil engineering services.</p></div>

<div class=newsTextDataWrapInner><p>“There are no foreseeable significant risks other than the operational risk associated with the subcontract during the subcontract period,” the company said in the filing.</p></div>

<div class=newsTextDataWrapInner><p>The subcontract is expected to contribute positively towards the future earnings of the Advancecon group for the duration of the subcontract and will not have any effect on the share capital and substantial shareholders’ shareholdings of the Advancecon group.</p></div>

<div class=newsTextDataWrapInner><p>The group intends to fund the subcontract via internally generated funds and/or external borrowings.</p></div>


Advancecon Holdings Bhd’s wholly-owned subsidiary Advancecon Infra Sdn Bhd (AISB) has secured subcontract works worth RM86.75 million from KEB Builders Sdn Bhd.

Advancecon unit secures RM87m subcontract job from KEB

PARIS (April 25): French President Emmanuel Macron appealed on Thursday for stronger, more integrated European defences and said the continent must not become a vassal of the United States, as he outlined his vision for a more assertive European Union (EU) on the global stage.

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Pantech Group Holdings Bhd is considering to list two wholly-owned subsidiaries — Pantech Stainless & Alloy Industries Sdn Bhd and Pantech Steel Industries Sdn Bhd — on the Main Market of Bursa Malaysia via a special purpose vehicle (SPV).

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Construction company Inta Bina Group Bhd has secured a contract worth RM224.8 million to develop a 38-storey business serviced apartment in Subang Jaya.

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Shares of CapitaLand Malaysia Trust (CLMT) surged on Thursday to its highest in nearly four years while analysts remained upbeat following better-than-expected first-quarter (1Q) results.

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Continental AG was fined €100 million (RM512 million) for failing to prevent that its staff participated in the diesel emissions fraud as the auto supplier works through a range of governance issues.

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<p>Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.</p>


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<p>Shares of YTL Corp Bhd rallied to a new all-time high on Thursday after Hong Leong Investment Bank (HLIB) flagged more upside even after a 42% year-to-date surge.</p>


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<p>Digital Nasional Bhd (DNB), the state-owned company in charge of the 5G network infrastructure rollout, on Thursday named five new board members, comprising senior leaders from the telecom and technology industries.</p>


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<p>Sports retailer Al-Ikhsan Sports Sdn Bhd, in which state-owned private equity firm Ekuiti Nasional Bhd (Ekuinas) owns a 35% stake, has appointed Datuk Hishammudin Hasan as its new chief executive officer effective April 17.</p>


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<p>Wireless carrier Axiata Group Bhd and conglomerate PT Sinar Mas Group are moving forward with plans to merge their telecommunications operations in Indonesia, people familiar with the matter said.</p>


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<p>KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to new all-time highs, and investors should stop buying the stock now, Maybank Investment Bank (Maybank IB) said and downgraded the stock to ‘hold’.</p>

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<p>Prime Minister Datuk Seri Anwar Ibrahim on Thursday denied claims that the government will issue a licence for the operation of a casino in Forest City, Johor.</p>


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<p>Housing and Local Government Minister Nga Kor Ming’s press secretary Pang Sock Tao was announced as the unity government’s candidate for the Kuala Kubu Baharu by-election on May 11.</p>


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<p>KUALA LUMPUR (April 25): Agricore CS Holdings Bhd, a food ingredients supplier, has obtained approval from Bursa Malaysia Securities Bhd to list on its ACE Market.</p>


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<p>Malaysia’s consumer inflation came in lower than expected in March from a year earlier as prices of healthcare and food rose at a slower pace, official data on Thursday showed.</p>

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<p>The Malaysian Anti-Corruption Commission (MACC) has confirmed that former prime minister Tun Dr Mahathir Mohamad is among individuals under investigation by the commission.</p>


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<p>The Court of Appeal has allowed a bid by Tan Sri Muhyiddin Yassin to have a bench of five judges to hear his review application to restore his acquittal by the High Court of four of his abuse of power charges last year.</p>

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<p>RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level.</p>


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<p>Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments.</p>


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<p>KUALA LUMPUR (April 25): Former prime minister Datuk Seri Najib Razak had never instructed 1Malaysia Development Bhd’s (1MDB) management to transfer a total US$1.03 billion to Good Star Ltd, a company linked to the fugitive Low Taek Jho (Jho Low), the court heard on Thursday.</p>
