News by M

Noteworthy:

• Freehold
• Built-up size: 4,000 sq ft
• Land size: 4,850 sq ft
• 5 bedrooms, 5 bathrooms
• Semi-furnished
• Nearby amenities: MRT Semantan, MRT Pusat Bandar Damansara, HELP University, Pavilion Damansara Heights, The Five @ KPD, Cempaka International School Damansara Heights
• Accessibility: SPRINT, LDP, Federal Highway, Lebuhraya Sultan Iskandar, Jalan Tuanku Abdul Halim, Jalan Damansara, Jalan Semantan

When: October 2024

Property developer IGB Bhd (KL:IGBB) plans to raise up to RM5 billion by establishing a medium term note (MTN) programme to finance the general corporate purposes of the group.

Town planners were urged to foster a sustainable and resilient urban future by reimagining cities and creating new opportunities for economic growth and improved quality of life. This call was made at the National Planning Congress (NPC) 2024 held in Putrajaya yesterday.

The West Ipoh Span Expressway, to span 60.88km from Gopeng to Kuala Kangsar, is now estimated to cost RM6.2 billion instead of RM5.75 billion, according to the project's concessionaire, East Coast Road Sdn Bhd (ECRSB).

Contract manufacturer Ge-Shen Corporation Bhd (KL:GESHEN) announced on Wednesday that it is selling a plot of industrial land in Johor for RM7.6 million.

IJM Land Bhd’s chief executive officer (CEO) Datuk Wong Tuck Wai is retiring after a 28-month stint at the property division of conglomerate IJM Corp Bhd (KL:IJM), internal communication showed.

Civil and building construction firm Bina Puri Holdings Bhd (KL:BPURI) announced on Tuesday that its subsidiary Sumbangan Lagenda Sdn Bhd has completed the drawdown of its RM73 million credit financing facility from Islamic banking group MBSB Bhd (KL:MBSB).

While Symphony Life Bhd’s former group chief financial officer Ng Ying Yiing was charged on Tuesday for using company funds to purchase shares in Cycle and Carriage Bintang Bhd (CCB) without board approval, the Industrial Court last week separately awarded her RM792,000 in back wages and had seemingly absolved her of wrongdoing in its judgment.

Axis Real Estate Investment Trust (KL:AXREIT) has raised RM449.73 million through a private placement exercise, which will be used to support the REIT's strategy to pursue high-quality, yield-accretive acquisitions, and enhance its existing portfolio.

The 22% rally in the unit price of IGB REIT since the start of the year has prompted analysts to downgrade the counter to “hold”, even after ascribing slightly higher fair value on the Mid Valley Megamall operator.