News by Liew Jia Teng

Mounting political uncertainties are expected to exert selling pressure on the local bourse, which is already clouded by economic concerns particularly after the COVID-19 virus outbreak.

“We have seen some first-timers in the market offering ridiculous pricing to developers in order to win their first jobs, only to realise that they are unable to deliver up to local contractual requirements in terms of quality and delivery time."

Only a few have striven to build shareholder value by undertaking corporate exercises to unlock the true worth of their assets.

It is through Tan Sri Dr Lee Shin Cheng’s vision, hard work and enterprising spirit that IOI Corp Bhd and IOI Properties Group Bhd have become leading corporations in their respective sectors.

"In terms of retirement tourism, Malaysia ranks very well. In fact, it is the best in Asean. The MM2H and retirement villages are reportedly seeing strong foreign demand."

The share acquisition brought Sultan Ibrahim’s total shareholding in BAssets to 10.09% or 120 million shares.

Sultan Ibrahim likely to continue mopping up more shares in the company — source.

Berjaya Assets is the developer of Berjaya Times Square in Kuala Lumpur, one of the country's largest retail and commercial projects.

Marco Holdings Bhd — the distributor of Casio watches, calculators, digital cameras and musical instruments — plans to expand its business into property development in the next two years.

Eight years ago, when turnaround specialist Datuk Tiong Kwing Hee was headhunted to undertake the restructuring of property developer EcoFirst Consolidated Bhd, he knew it would be an uphill battle.