News by M

Sold for: RM2.1 million; Concluded by: Elaine Yap (REN 03976) (012-307 1300), Jessie Sui (REN 16610) (012-217 0767) and Sharon Foo (REN 04954) (012-317 2557) from Reapfield Properties Taman SEA Sdn Bhd; When: July 2016

OSK Holdings, controlled by tycoon Tan Sri Ong Leong Huat, made a fresh takeover offer for PJ Development in September at RM1.50 a share, and 50 sen for each PJDEV-WC warrant.

“We believe that such good response is a result of customer confidence in our brand, the quality of our product and our customer service that exceeds expectations.”

"The proposed sale and leaseback is not expected to give rise to any gain or loss to the Lion Diversified Holdings Bhd Group as the transaction is a finance lease."

The disposal will enable Encorp to unlock its capital from being tied up as long-term assets...

Econpile believes that the job prospects in the infrastructure space are positive…

The contract is for the design, supply and construction of earth works, ancillary works, bored piling works, contiguous bored pile and capping beam works for a proposed mixed development project at Bandar Baru Sri Petaling.

Moscow recorded strong growth in its prime rental, rising by 11.1% year-on-year, holding the top spot in Knight Frank’s Prime Global Rental Index 2Q2016.

The current property market slowdown may only recover in 2018 and the market environment may dip further before that.

Sime Darby president and group chief executive Tan Sri Mohd Bakke Salleh said the placement exercise will raise a total of RM2.36 billion for Sime Darby.