<div class=newsTextDataWrapInner>KUALA LUMPUR (July 17): Integrated construction and property company PTT Synergy Group Bhd (KL:PTT), which recently announced a one-for-one bonus issue exercise, is acquiring two parcels of land with semi-detached factories in Selangor from Sime Darby Property Bhd (KL:SIMEPROP) for RM22 million in cash.</div>

<div class=newsTextDataWrapInner>The group, via its wholly owned subsidiary Pembinaan Tetap Teguh Sdn Bhd, has entered into sale and purchase agreements with Sime Darby Property (Serenia City) Sdn Bhd and Sime Darby Property (Ampar Tenang) Sdn Bhd for the proposed acquisitions.</div>

<div class=newsTextDataWrapInner>“The properties are strategically located and easily accessible by major highways. Hence, the properties are expected to be suitable to accommodate the business expansion,” PTT Synergy said in a bourse filing.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>PTT Synergy plans to fund the proposed acquisitions, which are expected to be completed within 36 months, through external borrowings.</div>

<div class=newsTextDataWrapInner>Shares in PTT Synergy, which have surged 107.38% year to date, settled at seven sen or 2.69% lower on Wednesday, valuing the company at RM546.69 million.</div>

Integrated construction and property company PTT Synergy Group Bhd (KL:PTT), which recently announced a one-for-one bonus issue exercise, is acquiring two parcels of land with semi-detached factories in Selangor from Sime Darby Property Bhd (KL:SIMEPROP) for RM22 million in cash.

PTT Synergy to acquire land in Selangor for RM22 mil cash

Here is a brief recap of some corporate announcements that made news on Monday.&nbsp;

Affin Bank, Capital A, Pharmaniaga, Globetronics, APB Resources, ITMAX, Apollo Food, KJTS, Alliance Bank, Ancom Nylex and Fiamma

KUALA LUMPUR (Sept 23): Three directors have stepped down from APB Resources Bhd’s (KL:APB) board amid a sharp fall in the company’s share price.

The trio — independent and non-executive chairman Datuk Seri Abd Rahim Jaafar, independent and non-executive directors Chuah Seong Eng and Ta...

Three APB Resources directors step down amid battered share price

KJTS Group Bhd (KL:KJTS) has secured a contract worth RM23.75 million for sub-contract work for a data centre in Sedenak Tech Park, Johor.

In a bourse filing, the building support services provider said its wholly-owned subsidiary, KJ Technical Services Sdn Bhd, had accepted the Letter of Award from Sunway Engie DC Sdn Bhd.

KJTS bags RM24 mil data centre job in Johor

Apollo Food Holdings Bhd (KL:APOLLO) reported a 26.66% year-on-year jump in its first quarter net profit, lifted by higher revenue amid an increase in domestic and export sales. &nbsp;

Apollo Food's 1Q net profit up 27% on higher sales

Singapore Prime Minister Lawrence Wong warned of “dark clouds over the horizon” as more global economic activities are viewed through a security lens.

“We are in a new era, marked by the growing contest for dominance and leadership” between US and China, Wong said at state-owned investor Temasek Holdings Pte Ltd’s 50th anniversary dinner on Monday.&nbsp;

Singapore PM warns of ‘dark clouds’ as US and China compete

Asian equities are set to follow Wall Street peers higher after several Federal Reserve (Fed) policymakers hinted at further easing and as optimism surged that China was poised to announce stimulus measures.

Tokyo and Hong Kong futures benchmarks pointed to increases of at least 1%, though Sydney shares looked flat-to-lower.

Asian stocks set to climb on China stimulus optimism

Ancom Nylex Bhd(KL:ANCOMNY) expects that the emergence of Hamburg-based chemical marketing firm Helm AG as its substantial shareholder will enhance its presence in Europe, as well as in the North and South American markets.

Ancom Nylex set sights on Europe with Helm AG’s investment

Penang Port Sdn Bhd is awaiting government approval for its RM2.2 billion expansion plan at the North Butterworth Container Terminal, which is expected to be rolled out in phases once the green light is received.

Penang Port awaits government approval for RM2.2 bil expansion plan

Goldman Sachs Group Inc has lowered its forecasts for the dollar against a wide range of currencies after the Federal Reserve (Fed) slashed interest rates.

The bank expects the greenback to gradually weaken as lower US yields diminish its appeal.

Goldman lowers dollar forecasts after Fed rate cut

Fiamma Holdings Bhd (KL:FIAMMA) saw Casa Holdings Ltd cease to be its substantial shareholder after disposing of its entire stake in the electrical home appliance distributor.

Singapore’s Casa Holdings ceases to be substantial shareholder of Fiamma 

Strands of beard kept in a special container were among the items seized by the Royal Malaysia Police (PDRM) during the fourth phase of Op Global at a house owned by the top management of GISB Holdings Sdn Bhd (GISBH) in Rawang on Saturday (Sept 21).

Inspector-General of Police Tan Sri Razarudin Husain said the police also seized 455 pamphlets and related logos, which were later handed over to the Department of Islamic Development Malaysia (JAKIM) for further action.

Strands of beard among items seized from GISBH in Op Global raid

US equities eked out a gain as traders parsed commentary from Federal Reserve (Fed) policymakers and saw scope for further easing after last week’s half a percentage point interest-rate cut.

The S&amp;P 500 advanced&nbsp;0.3%, a whisker away from last week’s all-time high as Fed officials reflected on the central bank’s policy path.

Wall Street gains as traders weigh another big rate cut

The Malaysian Rubber Council (MRC) has projected Malaysia's rubber and rubber products exports to exceed RM30 billion by the end of the year, buoyed by strong performance in the first half of 2024 (1H 2024).

Malaysian Rubber Council projects exports of rubber, related products to exceed RM30 bil

EPB Group Bhd (KL:EPB), which was listed a month ago, is acquiring land in Penang Science Park North, Penang for RM22.49 million for its business expansion. &nbsp;

EPB buys land from Penang Development Corp for RM22.5 mil for expansion 

The Sessions Court here on Monday sentenced a former managing director of Felcra Training &amp; Consultancy Sdn Bhd (FTC) to a total of 68 years imprisonment and more than RM7 million in fine for abusing his position by awarding various contracts to his family members.

Former Felcra Training & Consultancy managing director jailed, fined over RM7 million for abusing position

Police are investigating the possibility of GISB Holdings Sdn Bhd (GISBH) deceiving the public into donating by claiming that the 572 children living in homes run by the company who were rescued during Op Global were orphans, while in fact, they were the children of its members.

Police investigate GISBH over alleged orphan fraud scheme to solicit donations

The Royal Malaysia Police (PDRM) has opened an investigation paper under the Sedition Act 1948 and Communications and Multimedia Act 1998 into the viral video of the Malaysian flag being taken down and replaced with the flags of Sabah and Sarawak.

Police investigate video depicting elements of Sarawak, Sabah separation from Malaysia

The subsidence on Jalan Sultan Ismail in the federal capital, as shown in a viral video, was caused by a burst underground pipe that occurred early Monday morning, according to the Kuala Lumpur Fire and Rescue Department (JBPM).

Subsidence on Jalan Sultan Ismail caused by burst pipe — Air Selangor

Federal Reserve Bank of Atlanta president Raphael Bostic said starting the central bank’s cutting cycle with a large move will help bring interest rates closer to neutral levels as the risks between inflation and employment become more balanced.

Fed’s Bostic says large cut bolsters labour market, pace not set

Crude palm oil (CPO) futures on Bursa Malaysia Derivatives continued its upward trend to end higher for the fourth consecutive trading day on anticipation of greater export outlook amidst slowing production in September.