<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 9): Asteel Group Bhd (KL:<a href="/askedge/klse/7020" class="ce-stock" target="_blank">ASTEEL</a>), via its wholly-owned subsidiary Asteel (Sarawak) Sdn Bhd (ASWK), has jointly secured a RM61.2 million contract for roof and wall cladding of the EBP1A Hyperscale Data Centre at the Elmina Business Park, Selangor.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia on Friday, Asteel said the contract was awarded by Gamuda Engineering Sdn Bhd to a consortium comprising ASWK and Sarnatec Sdn Bhd.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The consortium will be responsible for the roofing and wall cladding work, with the project scheduled to run for 15 months from Aug 12.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Each party will hold a 50% equity interest in the consortium, with profits and losses shared in proportion to their respective interests.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>"Sarnatec will act as the lead partner, overseeing overall coordination, management and execution of the project, subject to consortium decisions,” Asteel said.</p></div>

<div class=newsTextDataWrapInner><p>The group added that the project is expected to enhance its competitive position in future construction projects, particularly given the increasing demand for data centres in Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>“Barring unforeseen circumstances, the project is anticipated to contribute positively to the future earnings and earnings per share of the Asteel group,” it added.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Tham Yek Lee</em></p></div>


Asteel Group Bhd (KL:ASTEEL), via its wholly-owned subsidiary Asteel (Sarawak) Sdn Bhd (ASWK), has jointly secured a RM61.2 million contract for roof and wall cladding of the EBP1A Hyperscale Data Centre at the Elmina Business Park, Selangor.

Asteel consortium bags RM61m Elmina data centre cladding deal

Eight men suspected of plotting to install a Nazi regime in eastern states of Germany were arrested amid a massive police operation early on Tuesday.

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IOI Corp Bhd (KL:IOICORP) said on Tuesday it has allocated part of its aged plantation landbank in Johor to build a solar power plant, in a move to venture into the renewable energy sector.

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Palantir Technologies Inc reported quarterly revenue that beat analysts’ estimates and raised its forecast for operating income in the current period, citing high demand in the US for its artificial intelligence (AI) software.

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Shares of Petronas Chemicals Group Bhd (KL:PCHEM) fell to their lowest in four and a half years after dropping 44 sen or 8.04% to close at RM5.03 on Tuesday, a level last seen in April 2020, as expectations mount that the group would be posting weaker results.

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<p>WHILE equity analysts are mixed on the possible outcome of the much-anticipated US presidential election on Tuesday (Nov 5), they observe that investors are taking a wait-and-see approach since a Democratic or Republican victory will have a different impact on market sentiments and performance.</p>


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<p>The top 15% (T15) income group to be excluded from the proposed targeted RON95 petrol subsidy will not be solely defined by the Household Income Survey, said Finance Minister II Datuk Seri Amir Hamzah Azizan.</p>


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<p>Logistics service firm Xin Hwa Holdings Bhd (KL:XINHWA) said on Tuesday its cargo transport unit’s licence to transport goods has been suspended by authorities, which it expects to adversely impact its operations.</p>


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<p>Malaysia's rubber glove export is expected to climb 16% to a new record of RM13.7 billion in 2024, following the historic high of RM11.8 billion achieved in 2023, said Deputy Plantation and Commodities Minister Datuk Chan Foong Hin.</p>


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<p>The liquidator of Semantan Estate (1952) Sdn Bhd, the firm embroiled in the ‘Duta Enclave’ dispute, is appealing against the High Court’s decision on Sept 12&nbsp;to allow a stay to the Federal Territory Land Registrar of having to register the transfer of ownership from the Malaysian government to the company within three months of its Aug 7 decision.</p>


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<p>Stocks were steady on Tuesday but implied volatility ratcheted up in currency markets in an early indication of the market frenzy to come, as the world awaits the outcome of a knife-edge US election.</p>


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<p>KUALA LUMPUR (Nov 5): Shares of Dayang Enterprise Holdings Bhd (KL:DAYANG) rose on Tuesday after bagging a contract, and analysts say the win reinforced their view that the oil-and-gas services firm would be in line for more jobs.</p>


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<p>Boeing's US West Coast factory workers accepted a new contract offer on Monday, ending a bitter seven-week strike that halted most jet production and deepened a financial crisis at the troubled planemaker.</p>


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<p>Shares of Petronas Chemicals Group Bhd (KL:PCHEM) fell to their lowest in four and a half years after dropping 44 sen or 8.04% to close at RM5.03 on Tuesday, a level last seen in April 2020, as expectations mount that the group would be posting weaker results.</p>


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