<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 8): Industronics Bhd said it has been appointed as the project management company to develop a hotel and golf course on a 155-acre parcel of land in Langkawi.</p></div>

<div class=newsTextDataWrapInner><p>The company said its subsidiary Olympex Sdn Bhd has signed a project management contract with Temoyong Land Sdn Bhd (TLSB) for the development, which is located in Seksyen 4 of Bandar Padang Matsirat on the island.</p></div>

<div class=newsTextDataWrapInner><p>TLSB is owned by Widad Group Bhd’s largest shareholder Tan Sri Ikmal Opat Abdullah. TLSB secured the development rights from Langkasuaka Land Sdn Bhd, which is owned by Widad Business Group Sdn Bhd and also linked to Ikmal.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Industronics’ executive director Datuk Chu Boon Tiong is also a director in TLSB.</p></div>

<div class=newsTextDataWrapInner><p>Industronics’ largest shareholder is Bluemount Investment Fund SPC, with a direct stake of 6.79% or 48.04 million shares, followed by Chu with a 1.74% stake.</p></div>

<div class=newsTextDataWrapInner><p>One of the key projects announced in Langkawi in recent years, the integrated Widad Langkasuka project comprises a golf and country club, villas, luxury condominiums and serviced apartments, as well as a shopping complex. The project was launched in October 2022.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Industronics closed unchanged at five sen, giving it a market capitalisation of RM35.38 million.</p></div>


Industronics Bhd said it has been appointed as the project management company to develop a hotel and golf course on a 155-acre parcel of land in Langkawi.

Widad’s largest shareholder appoints Industronics to manage Langkawi golf course, hotel development

U.S. soybean futures rose more than 1% on Thursday and soymeal futures touched a two-month high as worries about dry weather in parts of Argentina prompted speculators to exit short positions ahead of the new year, analysts said.

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MOSCOW (Dec 26): Alexei Miller, the head of Russia's Gazprom said on Thursday the group's natural gas production is set to rise this year by 61 billion cubic metres (bcm) to around 416 bcm.

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BEIJING (Dec 27): Chinese battery manufacturer CATL said it plans to seek a listing in Hong Kong, a Shenzhen Stock Exchange filing showed.

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...

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(Dec 27): South Korea’s business confidence deteriorated the most since the global outbreak of Covid-19, reflecting mounting concerns about an economy grappling with political turmoil and facing Donald Trump’s tariff threats.

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The legal counsel for Segambut Member of Parliament Hannah Yeoh has filed an appeal in the Court of Appeal on Thursday challenging the High Court's decision to dismiss her defamation suit against former inspector general of police Tan Sri Musa Hassan.

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<p>Boustead Heavy Industries Corp Bhd (KL:BHIC) has appointed former Royal Malaysian Air Force (RMAF) chief Tan Sri Roslan Saad as its independent non-executive chairman.</p>


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<p>Here is a brief recap of the business news and corporate announcements that made the headlines on Thursday.</p>


<p>YTL Power International Bhd (KL:YTLPOWR) said on Thursday that the Employees Provident Fund (EPF) has once again ceased to be a substantial shareholder in the multi-utility owner and operator after offloading 14.93 million shares.&nbsp;</p>


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<p>The legal counsel for Segambut Member of Parliament Hannah Yeoh has filed an appeal in the Court of Appeal on Thursday challenging the High Court's decision to dismiss her defamation suit against former inspector general of police Tan Sri Musa Hassan.</p>


<p>Kawan Renergy Bhd co-founder and managing director Lim Thou Lai has pared his stake in the ACE Market-listed engineering services firm to 67.03%.</p>


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<p>Taghill Holdings Bhd (KL:TAGHILL), formerly known as Siab Holdings Bhd, said on Thursday that its wholly owned unit has received an adjudication claim from its subcontractor, seeking to recover an outstanding amount of RM2.59 million.</p>


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<p>Finnish authorities said they had boarded and taken control on Thursday of an oil tanker travelling from Russia, on suspicion it had caused the outage on Wednesday of an undersea power cable and three internet lines connecting Finland and Estonia.</p>


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<p>The Taiping High Court has awarded RM1.8 million in damages to a former security guard who sustained a brain injury due to medical negligence during treatment following a motorcycle accident in 2016.</p>


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<p>Keyfield International Bhd (KL:KEYFIELD) has issued its maiden RM200 million Islamic bonds (sukuk) under its sukuk wakalah programme of RM1 billion.</p>


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<p>The Malaysian Anti-Corruption Commission (MACC) aims to focus on eradicating corruption in procurement, enforcement and grand corruption to help the country's economy, reduce leakages and return misappropriated national assets and money next year.</p>


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<p>Wall Street's main indexes drifted lower in light trading volumes on Thursday, as rising yields pressured some shares, while investors looked for a year-end boost from the so-called Santa Claus rally.</p>


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<p>Recurring applications for US unemployment benefits rose to the highest in more than three years, adding to signs that it is taking longer for out-of-work people to find a job.</p>


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<p>US crude exports to China plunged by almost half this year as shifts in the nation’s economy weighed on demand and it bought more barrels from other countries including Russia and Iran.</p>

<p>Exports of US oil to China plunged to 81.9 million barrels over the course of the year, down 46% from 150.6 million barrels last year, according to data from Kpler.</p>


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<p>The turmoil that’s threatening to topple Prime Minister Justin Trudeau has members of his political party poring over the rulebook for replacing him.</p>

<p>Trudeau is under mounting pressure from elected lawmakers in his ruling Liberal Party to leave after nine years in power.</p>


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<p>The United Arab Emirates (UAE) will require companies to monitor and report their emissions in an effort to reach a target to become carbon neutral by 2050.</p>

<p>All companies with emissions equivalent to 500,000 tonnes or more of carbon dioxide per year are required to participate, according to legislation that comes into force on Dec 28.&nbsp;</p>


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<p>US retail sales rose 3.8% between Nov 1 and Dec 24, as intense promotion to drum up sales in what was expected to be a highly competitive holiday season for retailers prompted last-minute shopping among consumers.</p>


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<p>(Dec 26): Iraq, OPEC’s second-largest oil producer, is planning to cut the amount of gas it burns off unproductively to about 20% next year in an attempt to meet rising demand and reduce imports.</p>

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<p>(Dec 27): As Donald Trump prepares to fulfill a lengthy list of campaign promises, the president-elect’s vow to ensure that all remaining Bitcoin is “made in the USA” may prove to be one of the most challenging to keep.</p>

<p>Trump made the pledge in a post on his Truth Social account in June...