IGB, IGB REIT climb to new record high on Johor Bahru deal
IGB Real Estate Investment Trust (KL:IGBREIT) rose on Wednesday following its plan to buy the Mid Valley Southkey Mall in Johor Bahru for RM2.65 billion in a cash-and-units deal.
SD Guthrie’s industrial JVs provide long-term recurring income, sales speed is key—analysts
CIMB Securities sees significant potential in SD Guthrie Bhd’s (KL:SDG) proposed joint ventures (JVs) to develop industrial parks in Port Dickson and Carey Island, but notes that the financial impact will hinge on the speed of land sales and income generation from the developments.
Sabah’s Pan Borneo Highway Package 20 lagging at just 1.6% completion
Physical progress on Package 20 of the Pan Borneo Highway project in Sabah remains low at just 1.6%, despite the Letter of Acceptance (SST) having been issued nearly eight months ago, Deputy Chief Minister III Datuk Shahelmey Yahya said.
CCC-ECRL disputes Advancecon's RM15.2 mil claim for ECRL works
China Communications Construction (ECRL) Sdn Bhd (CCC-ECRL) said it has "wholly disputed" an alleged outstanding payment claim of RM15.22 million made by a subsidiary of Advancecon Holdings Bhd (KL:ADVCON) in relation to the latter's works on the East Coast Rail Link (ECRL) project.
Mulpha-linked Aveo Group to be sold in Australia, reports say
Aveo Group, an Australian retirement-living operator in which Mulpha International Bhd (KL:MULPHA) has an indirect 15% stake, will be sold to another firm Down Under, according to news reports.
Bonia buys remaining 10% stake in unit with two parcels of land in Bukit Bintang
Bonia Corp Bhd (KL:BONIA) is acquiring the remaining 10% stake in its property investment subsidiary, Casa Bologna Sdn Bhd (CBN), from One Seafood F&B Sdn Bhd for RM2.1 million.
IGB REIT to acquire Mid Valley Southkey Mall in Johor for RM2.65 bil
IGB Real Estate Investment Trust (KL:IGBREIT) on Tuesday announced that it is planning to buy the Mid Valley Southkey Mall in Johor Bahru for RM2.65 billion in a cash-and-units deal, marking its maiden foray into Johor.
Hektar REIT to acquire 90% stake in Perlis land for solar farm project
Hektar Real Estate Investment Trust (KL:HEKTAR) plans to acquire a 90% equity stake in Terramark Sdn Bhd, which owns a 197.76-acre leasehold land in Perlis earmarked for a private solar farm project.
UEM Sunrise cancels data centre plan, looks to sell Gerbang Nusajaya land
UEM Sunrise Bhd (KL:UEMS) no longer plans to build a data centre at the 74-acre site of its botched Logos Infrastructure Holdco Pte Ltd deal, with officer-in-charge and chief financial officer Hafizuddin Sulaiman saying that it is in talks to sell the land.
UEM Sunrise expects little impact from expanded SST, says most projects exempt
UEM Sunrise Bhd (KL:UEMS) expects little impact from the expanded Sales and Service Tax (SST) as most of its new projects are residential and mostly exempt from the 6% tax on construction services, said its officer-in-charge and chief financial officer Hafizuddin Sulaiman.
