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Gamuda Hits Record High: Analysts Optimistic About Malaysia's Construction Sector
Gamuda announced the securing of an AUD 1.6 billion (MYR 5 billion) contract on Thursday. The stock price has risen by more than 80% since the beginning of the year. Analysts are optimistic about Gamuda's performance and predict that the prospects of Malaysia's construction industry will further improve in the second half of 2024.
JAKS Resources Unit, China Power to Bid for Solar PV Project in Malaysia; Shares Rise 6%
JAKS Resources (KLSE:JAKS) unit JAKS Solar Power inked a memorandum of understanding with China Power Engineering Consulting Group International Engineering to develop solar photovoltaic (PV) plants,
MY Morning Wrap | Nestcon Aims to Raise RM27.27 Million via Private Placement
Stocks to watch: Nestcon, Johor Plantations, Toyo Ventures.
Toyo Ventures, Theta Edge, KNM, REDtone, Johor Plantations, Kimlun, JAKS Resources, Uzma, Radiant Globaltech, Tafi Industries, Minetech, Nestcon, EVD
Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.
JAKS Resources Partners With Chinese Firm to Bid for 500MWac Solar PV Plants Under LSS5 Programme
Construction and power utilities group JAKS Resources Bhd (KL:JAKS) has partnered with Shanghai-based China Power Engineering Consulting Group International Engineering Co Ltd (CPECC INT'L) to bid for the development of solar photovoltaic (PV) plants with a maximum aggregate capacity of 500 megawatt of alternating current (MWac), under the Energy Commission’s fifth Large Scale Solar (LSS5) programme.
JAKS Partners CPECC INT'L To Develop Solar Photovoltaic Plants Under LSS5
JAKS Resources Berhad's (JAKS) wholly-owned subsidiary, JAKS Solar Power Holdings Sdn Bhd has entered into a Memorandum of Understanding with China Power Engineering Consulting Group International Engineering Co., Ltd. (CPECC INT'L).
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