KUALA LUMPUR (March 21): Based on corporate announcements and news flow today, companies that may be in focus on Wednesday (March 22) could include: Yong Tai, Mulpha, Ranhill, Alam Maritim, Redtone, TM, UMW Holdings and T7 Global. Yong Tai is buying the lands by acquiring the owner Laila Development Sdn Bhd, for RM35 million. Ranhill Holdings Bhd warns that its wholly-owned unit Ranhill Water Technologies Sdn Bhd (RWT) may face legal action in relation to alleged breach of contracts over failing to construct a water treatment plant in Sepang, Selangor, for WRP Asia Pacific Sdn Bhd. The companies signed a memorandum of understanding to explore areas of collaboration and cooperation on the industrial development on UMW Land's site, said UMW Land's owner UMW Corp Sdn Bhd. T7 Global Bhd's wholly-owned subsidiary T7 Aero Sdn Bhd has signed a heads of agreement (HoA) with MARA Aerospace & Technologies Sdn Bhd to collaborate on aerospace-related training programmes.

Source: The Edge Markets March 21, 2017 14:48 UTC