<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 24): Silver Ridge Holdings Bhd (KL:<a href="/askedge/klse/0129" class="ce-stock" target="_blank">SRIDGE</a>) said on Friday its 51%-owned subsidiary has secured a contract worth RM168.83 million for construction works on the Melaka International Cruise Terminal.</p></div>

<div class=newsTextDataWrapInner><p>The contract from Melaka International Cruise Terminal Sdn Bhd to Total SR Web 3.0 Sdn Bhd includes the provision of piling, superstructure works and mechanical and engineering services, Silver Ridge said in an exchange filing.</p></div>

<div class=newsTextDataWrapInner><p>The job is expected to be completed over 15 months, commencing on May 24, 2024, and to be done by Aug 23, 2025.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The contract will contribute to the group's earnings per share and future earnings for the financial year ending June 30, 2025 (FY2025), Silver Ridge said. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The remaining 49% equity interest in its subsidiary Total SR is controlled by Silver Ridge managing director and shareholder Datuk Khoo Yik Chou through Total Group Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Khoo is the founder and managing director of Total Group, according to Silver Ridge’s Annual Report 2023. Khoo directly controls a 4.89% stake in Silver Ridge.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Silver Ridge ended 1.5 sen or 4.35% higher at 36 sen, valuing the group at RM78.99 million ahead of the announcement.</p></div>


Silver Ridge Holdings Bhd (KL:SRIDGE) said on Friday its 51%-owned subsidiary has secured a contract worth RM168.83 million for construction works on the Melaka International Cruise Terminal.

Silver Ridge gets RM169m contract to build Melaka International Cruise Terminal

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.

Hannah Yeoh appeals dismissal of defamation suit against ex-IGP

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

TNB, Samaiden, Gadang, Aizo, MyMBN, YTL Power, Kawan Renergy, Taghill, BHIC, Teck Guan, CCK, Lebtech, Southern Cable

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Azerbaijan Airlines’ Embraer SA 190 aircraft was damaged by Russian air defence systems near Grozny before it crashed in Kazakhstan during an attempted emergency landing, according to Azerbaijan government-backed Caliber news website.

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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.

EPF ceases to be substantial shareholder in YTL Power

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

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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.

Court awards RM1.8 mil to ex-security guard over medical negligence

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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.

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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.

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<p>Peninsular Malaysia's base electricity tariff has been set at 45.62 sen per kilowatt hour (kWh) in the three-year regulatory period 2025-2027 (RP4), said Tenaga Nasional Bhd (TNB) (KL:TENAGA).&nbsp;</p>


TNB announces higher base electricity tariff for 2025-2027, raises capex to ensure reliable supply

<p>Tenaga Nasional Bhd (KL:TENAGA) said on Thursday that its unit has been shortlisted by the Energy Commission (EC) to develop a 500-megawatt (MWac) large-scale solar photovoltaic (PV) plant in Kuala Muda, Kedah.</p>


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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>Bird's nest processor MyMBN Bhd (KL:MBN) said the government has imposed a temporary suspension on the export of bird's nest products to China following the discovery of the Newcastle disease in Malaysia.</p>


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<p>Elon Musk’s deputy Steve Davis has spent more than 20 years helping the billionaire cut costs at businesses like SpaceX, the Boring Company and Twitter — making the engineer by training a natural choice for his new role at Musk’s Department of Government Efficiency, or DOGE for short.</p>


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<p>Jinjiang Group, a contractor for Chinese electric vehicle (EV) maker BYD, said on Thursday Brazilian authorities' portrayal of their employees as "enslaved" was inconsistent with the facts and that there were translation misunderstandings.</p>


BYD contractor denies its construction site employees 'enslaved'

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


<p>CCK Consolidated Holdings Bhd (KL:CCK), a retail chain store and supermarket operator in Sabah and Sarawak, has declared its first-ever special dividend of five sen per share for the financial year ending Dec 31, 2024 (FY2024), payable Jan 22, 2025.</p>


CCK Consolidated declares first-ever special dividend of five sen

<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>


<p>Here’s a quick look at some of the stories that made headlines today.</p>


EVENING 5: Five things you need to know today

<p>Teck Guan Perdana Bhd (KL:TECGUAN) said its third quarter net profit fell 34.3% to RM2.39 million from RM3.64 million a year ago, on lower revenue and a net loss on forward currency contracts amounting to RM4.33 million.</p>


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<p>Pan Merchant Bhd, a manufacturer of filters for solid liquid filtration and a provider of steel works and technical support services, is looking to raise capital from a planned initial public offering (IPO) on the ACE Market of Bursa Malaysia to expand its manufacturing plants, product development, business expansion and for working capital.</p>


Pan Merchant files draft prospectus for ACE Market listing

<p>A summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.</p>


FBM KLCI rises 0.67% to 1,613.70 on Dec 26, 2024

<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>


Kawan Renergy MD Lim Thou Lai trims stake to 67%

<p>China revised upwards on Thursday the size of its economy by 2.7%, but said the change would have little impact on growth this year, as policymakers pledged more stimulus to spur expansion in 2025.</p>


China revises up 2023 GDP, sees little impact on 2024 growth

<p>An Indonesian woman has applied for leave from the Federal Court to appeal against&nbsp;the Court of Appeal's (COA) decision, which dismissed her appeal seeking a court declaration that her second son is a Malaysian citizen.</p>


Indonesian woman seeks leave to appeal against COA decision, wants son declared M'sian

<p>Japan’s financial regulator ordered AEON Bank Ltd&nbsp;to fix its anti-money laundering system, saying it failed to detect and report suspicious activities by clients.</p>


Japan's regulator orders AEON Bank to fix money laundering gaps

<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>


<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>


Taghill unit faces adjudication claim from subcontractor

<p>Russia rebuffed incoming US President Donald Trump’s call for an immediate ceasefire in Ukraine, while saying it’s ready to hold negotiations on a long-lasting peace agreement to end almost three years of war.</p>
