News by Adela Megan Willy

Damansara Realty said its wholly-owned subsidiary Metro Parking (M) Sdn Bhd, through its 70%-owned unit Metro Parking (Singapore) Pte Ltd, has received the letter of acceptance from SSC.

Construction and property development player Bina Puri Holdings Bhd saw its 80%-owned Indonesian power subsidiary PT Megapower Makmur Tbk opening 70% higher from its offer price on its Indonesia Stock Exchange (IDX) debut today.

CIMB IB Research reiterated its ‘Add’ recommendation on Sime Darby Bhd following the group’s disposal of agriculture land to a wholly-owned subsidiary of Permodalan Nasional Bhd.

BCorp posted a net profit of RM3.24 millon for the fourth financial quarter ended April 30, 2017.

TSR Capital Bhd said it is open to selling its office tower in Mutiara Damansara, Petaling Jaya, known as Menara TSR.

Greenhill Resources — a joint venture between S P Setia Bhd and Asian Retail Investment Fund — is the developer of the Setia City Mall.

Jaks Resources Bhd, whose profitability was dragged down by its loss-making property division in the financial year ended Dec 31, 2016 (FY16) and first quarter ended March 31, 2017 (1QFY17), said it would take some time for the division to start bearing profits.

Najib described the planned Bukit Bintang City Centre as a "significant national-level development" due to its ability to attract foreign investments into Malaysia.

Eastern & Oriental Bhd is divesting one of its subsidiaries, E&O Express Sdn Bhd, for RM85 million.

MRCB is buying three parcels of land from Kuala Lumpur City Hall (DBKL) for RM335.5 million cash.