Malaysia News Highlights - 22nd June 15

• Malaysia share prices opened higher on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 1.89 points to 1,723.66.

• A consortium comprising Gamuda Bhd, Evia Real Estate (7) Pte Ltd and Maxdin Pte Ltd has placed a tender worth S$345.86 million (RM962.5million) to potentially develop a 99-year leasehold plot of land in Toa Payoh, Singapore.

•  KNM Group Bhd's wholly-owned unit, Splendid Investments Ltd, is setting up a multicurrency medium-term note programme of an initial size of up to S$300 million (RM838.8 million).

• Tenaga Nasional Bhd (TNB) has received a letter of invitation from the Energy Commission (EC) to submit its proposal pertaining to the takeover of 1Malaysia Development Bhd's (1MDB) 70% stake in the RM11 billion Jimah East (Project 3B) coal power plant.