News by THEEDGEMARKETS.COM

In a bourse filing today, lifestyle property developer E&O said the JV will be undertaken between its indirect wholly-owned subsidiary KCB Holdings Sdn Bhd (KCBH) and Mitsui Fudosan's indirect wholly-owned subsidiary Mitsui Fudosan (Asia) Malaysia Sdn Bhd (MFAM) via a new JV.

In a note today, the research house said it has maintained its 'buy' call on YTL REIT at RM1.35 with a higher target price of RM1.46 (previously: RM1.38).

Hiap Huat said the plant will enable the group to tap into new markets for schedule waste and participate in renewal energy generation.

Tan is believed to own a 4.77% direct stake in George Kent and indirectly controls an additional 37.42% stake.

In a statement today, Minister of Domestic Trade and Consumer Affairs Datuk Seri Saifuddin Nasution Ismail said the decision to defer the Petrol Subsidy Programme (PSP) until further notice, was made in a Cabinet meeting on Dec 18.

On why it is closing the store, the spokesperson said, "The retail market is very dynamic. Store opening and closing is part and parcel of doing business. In Malaysia, shopping malls are mushrooming everywhere and the demographics are ever changing."

"There is still an appeal pending and in order to avoid prejudice on the ministry and smokers, the ministry should consider the request.”

In a note today, TA Securities analyst Tan Kam Meng said that alternatively, Tiong Nam could revisit the idea of unlocking asset value via the establishment of a warehouse real estate investment trust (REIT).

Parkson in its Facebook update on Thursday (Dec 26) put up a post that read "Clearance Sale. Everything must go." The post also said the sale was being held between Dec 27, 2019 and Feb 2, 2020.

As one of the lawyers representing four of the six accused was involved in a freak accident in Klang earlier this month. Lawyer V Rajagopal is said to have been in a coma since yesterday.