YTL Cement Bhd is planning to acquire an 81.24 per cent interest in Singapore's NSL Ltd for S$227.61 million (RM792.32 million) in cash to expand its industrialised building systems (IBS) sector. (NST)

GHL Systems Bhd shares will be suspended from 9am on Wednesday (July 31, 2024). (TheStar)

Malakoff Power Bhd (MPB), a wholly owned subsidiary of Malakoff Corp Bhd (KL:MALAKOF), signed a memorandum of understanding (MOU) with Korea South-East Power Company (KOEN) in order to explore potential collaborations. (TheEdge) 

SC Estate Builder Bhd’s (SCBB) wholly-owned subsidiaries, SC Estate Construction Sdn Bhd and SC Estate IBS Sdn Bhd, have entered into a collaboration agreement (CA) with three parties to develop a construction project comprising 510 units of affordable houses in Bandar Alor Setar, Kedah. (TheStar)

Varia Bhd’s wholly-owned subsidiary Teguh Maju Sdn Bhd has secured a contract from Best Metro Builder Sdn Bhd for the supply of labour, materials and equipment for the upgrading works of the sewage treatment plant in Mak Mandin and constructing a sewerage pipeline in the Butterworth North catchment area in Pulau Pinang. (TheStar)

AME Elite Consortium Bhd (KL:AME), which mainly builds industrial properties, plans to launch the 176-acre Northern TechValley industrial park in Penang, with a gross development value of RM1 billion, in the second half of 2024. (TheEdge) 

Axiata Group Bhd's profit and revenue could weaken sizeably as a result of the huge protests across Bangladesh, which had escalated into deadly violence last week. (NST)

Sime Darby Bhd and Porsche have announced the expansion of the luxury carmaker's assembly facility at Inokom, Sime Darby's motor vehicle production and assembly facility in Kulim, Kedah. (TheStar)

Gamuda Land Bhd, the property arm of Gamuda Bhd (KL:GAMUDA), has unveiled a new home typology called the Park Homes — a first of its kind in Malaysia. (TheEdge) 

Axis Real Estate Investment Trust's (Axis REIT) net profit for the second quarter ended June 30, 2024 (Q2 2024) came in within Public Investment Bank Bhd's (PublicInvest Research) and consensus' expectations. (NST)

CelcomDigi Bhd (KL:CDB) is now a ‘buy’ as valuation is cheap following a 13% decline in the stock’s price over the past six months, said AmInvestment Bank. (TheEdge) 

Analysts have expressed mixed views on IOI Properties Group Bhd’s (KL:IOIPG) acquisition of Tropicana Gardens Mall and its impact on the group’s gearing level. (TheEdge) 

Sunway Bhd’s (KL:SUNWAY) Sunway Property said its Signature Series 2024 campaign has achieved RM1.1 billion in bookings across 14 properties nationwide. (TheEdge) 

Source: New Straits Times, The Edge Markets The Star 24 July 2024

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