KUALA LUMPUR (July 15): Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday:

A consortium including Sunway Bhd’s (KL:SUNWAY) Singapore unit, Sunway MCL Ltd, has emerged as the top bidder for Singapore's Bayshore Drive government land sales site with a bid of S$2.1 billion (RM6.62 billion). The consortium led by Frasers Property Ltd also includes Frasers Centrepoint Trust (FCT), Sekisui House and Lum Chang Building Contractors. Its bid of S$1,323 per sq ft per plot ratio was 5.8% higher than the second-highest offer, The tender remains subject to the government's confirmation. — Sunway MCL consortium tops S$2.1 bil bid for Singapore Bayshore site

Sime Darby Property Bhd (KL:SIMEPROP) and its sister company SD Guthrie Bhd (KL:SDG) are moving forward with their joint venture (JV) to develop a mega industrial and logistics corridor in Kuala Selangor with the injection of 1,021.93 acres of land in Bukit Kerayong Estate, Kapar. Their 50:50 JV vehicle, Kerayong Development Consortium Sdn Bhd, has signed agreements to acquire the freehold agricultural land from SD Guthrie for RM798.3 million, with the purchase to be funded by the JV through internally generated funds and bank borrowings. Under the deal, Sime Darby Property and SD Guthrie will each invest up to RM100 million for their respective equity stakes in the entity. — SD Guthrie injects RM798 mil land into JV with Sime Darby Prop for industrial hub

Sunway, Sime Darby Property, SD Guthrie, Gamuda, PBA Holdings, GDB, Life Water, EG Industries, Rivertree STF, DRB-Hicom Bhd & PMW International