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Kenanga says RM2 MKH offer ‘not fair’ but recommends acceptance

Kenanga says RM2 MKH offer ‘not fair’ but recommends acceptance

news

Updated:
  • Kenanga recommends accepting Whitmore's RM2/share offer for MKH, despite deeming it "not fair" due to a lower valuation.
  • The offer is considered "reasonable" given premiums over historical prices and low liquidity.
  • MKH's directors also concur with this "not fair but reasonable" assessment.
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Plytec seeks up to RM7.52m in facilities for Kuala Langat land deal

Plytec seeks up to RM7.52m in facilities for Kuala Langat land deal

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Updated:
  • Plytec Holding Bhd applied for RM7.52 million in banking facilities.
  • This is to fund a RM6.21 million land acquisition and conversion premium.
  • The land is for expansion near their current facility.
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SLSB, eight individuals exempted from mandatory offer for KSL shares

SLSB, eight individuals exempted from mandatory offer for KSL shares

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Updated:
  • The SC exempted Success Lineage and eight individuals from a mandatory offer for KSL Holdings shares.
  • This is due to a restructuring to establish a single family office.
  • The exemption is subject to SC's terms and conditions.
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LBS brings MYDIN to KITA @ Cybersouth as township’s first supermarket

LBS brings MYDIN to KITA @ Cybersouth as township’s first supermarket

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Updated:
  • LBS Bina Group Bhd and Mydin Mohamed Holdings Bhd (MYDIN) signed a tenancy agreement.
  • MYDIN will open the first supermarket at KITA @ Cybersouth in Dengkil, Selangor.
  • This 24,000 sq ft store will serve the growing township's residents.
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KPKT urges homebuyers to check developers on TEDUH before buying

KPKT urges homebuyers to check developers on TEDUH before buying

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Updated:
  • KPKT urges homebuyers to use its TEDUH portal before purchasing property.
  • The portal offers crucial information on developers, licenses, and project status.
  • This helps buyers make informed decisions and avoid risks.
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Mah Sing among Malaysia’s top 10 developers at Hubexo Asia Awards for 15th year

Mah Sing among Malaysia’s top 10 developers at Hubexo Asia Awards for 15th year

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Updated:
  • Mah Sing Group Bhd won a Top 10 Developers award for the 15th year.
  • This award recognises construction project value and green building ratings.
  • Mah Sing adapts to market changes and seeks new growth opportunities.
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Penang to auction six-acre land to raise funds to complete Ayer Itam bypass

Penang to auction six-acre land to raise funds to complete Ayer Itam bypass

news

Updated:
  • Penang will auction six acres of land next month.
  • This aims to fund the nearly complete Ayer Itam bypass project.
  • The sale could generate over RM300 mil for the project.
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Genting plugs Resorts World Langkawi into regional ONE°15 marina network

Genting plugs Resorts World Langkawi into regional ONE°15 marina network

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Updated:
  • Genting Malaysia is adding a marina to Resorts World Langkawi.
  • It will connect to ONE°15 Marina's regional network.
  • The marina expects its first yachts in late 2027.
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Ex-Felda GM held over KL project, land deal

Ex-Felda GM held over KL project, land deal

news

Updated:
  • A former Felda general manager was remanded for five days.
  • This is for alleged abuse of power and land sale.
  • MACC is investigating multiple Felda transactions under "Ops Fella".
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Inside Asia Green’s model for ecology, technology and culture

Inside Asia Green’s model for ecology, technology and culture

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Updated:
  • Asia Green Group, led by Mei Tan, has redefined its purpose with "Truth.Light.Justice."
  • The Pier is Asia Green's freehold seafront serviced residence project in Bayan Mutiara.
  • The Pier comprises 934 units across two towers.
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Bites
Kenanga says RM2 MKH offer ‘not fair’ but recommends acceptance