Wednesday 12 Feb 2025
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EVENING 5: Aerotrain to resume in 2Q, earlier target ‘overambitious’

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

Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.

1.  After almost two years of suspension, the automated people mover system at the Kuala Lumpur International Airport is now targeted to resume operations by the second quarter of 2025.

2. A consortium led by Khazanah Nasional Bhd has received valid acceptances of 1.548 billion shares or 92.82% of the total number of issued shares in Malaysia Airports Holdings Bhd on its conditional voluntary offer for the airport operator.

3. Malaysian Resources Corp Bhd is partnering with Melaka Corp to develop a hospital in Melaka Tengah that will have an estimated gross development cost of RM520 million.

4. A joint venture between Gamuda Bhd and Ferrovial has inked an early contractor involvement agreement with Capricornia Energy Hub for a hydroelectric storage project in Queensland, Australia. 

5. Scientex Bhd said it is acquiring 528.49 acres of land in Paya Rumput, Melaka for RM333.8 million cash from Genting Plantations Bhd.

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