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Prolintas Infra Business Trust (KL:PLINTAS), which manages four highways in the Klang Valley, has appointed Datuk Idris Kechot as its non-independent non-executive chairman effective immediately.
PERMODALAN Nasional Bhd (PNB) has scrapped an initial plan to hive off its highway operating unit, Projek Lintasan Kota Holdings Sdn Bhd (Prolintas), which has a 51.02% stake in publicly traded Prolintas Infra Business Trust (KL:PLINTAS) or Prolintas IBT, among others.
Word of the plann...
theedgemalaysia.com highlighted two stocks with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Thursday.
IJM Corp Bhd (KL:IJM) went from one milestone to another on the back of mergers and acquisitions in the first three decades of its history. From the merger between IGB Construction Sdn Bhd, Jurutama Sdn Bhd and Mudajaya Sdn Bhd in 1982 to the acquisition of Road Builder (M) Holdings Bhd and later...
AS Bursa Malaysia celebrates a two-year streak of record IPO listings, the newly listed companies are beginning to face a reality check.
The Edge revisits the 51 companies (excluding the LEAP Market) that floated their shares on the local stock exchange in 2024, including 11 on the Main...
OF the 60 initial public offerings (IPOs) on Bursa Malaysia this year, only 11 were on the Main Market. Among them was HI Mobility Bhd (KL:HI), the sole Malaysian bus operator providing vital cross-border services between Johor Bahru and Singapore.
The company raised RM158.6 million fro...
KUALA LUMPUR: Prolintas Infra Business Trust posted a lower net profit for the third quarter (Q3) ended Sept 30, 2025, declining 19.30 per cent to RM9.76 million from RM12.09 million a year earlier.
Prolintas Infra Business Trust (KL:PLINTAS), which manages four highways in the Klang Valley, reported a 19.3% decline in third quarter net profit owing to the absence of a deferred tax credit that boosted earnings in the previous year.
SIX groups have submitted bids for a contract to develop Malaysia’s multibillion-ringgit multi-lane free flow (MLFF) toll collection system, according to sources familiar with the matter. It is understood that the Ministry of Works recently issued a request for proposal (RFP), with the submission...
IJM Corp Bhd (KL:IJM) has shifted gears in the UK in the past two years, undertaking more developments, such as regenerating and repurposing heritage buildings into ESG-compliant modern structures, although it started its journey in 2012. The reason is simple — the Malaysian construction giant is...
BUSINESSMAN Tan Sri Azmil Khalili Khalid is understood to have been selected as the preferred candidate to acquire the highway assets of Permodalan Nasional Bhd (PNB), sources familiar with the matter tell The Edge.
It is understood that Azmil and his team are performing due diligence o...