News by TheEdgeMarkets.com

A wholly-owned subsidiary of Yongnam Holdings is buying three parcels of industrial land in Johor for RM46.7 million.

The tender is open to firms who have advised on large public-private partnership infrastructure projects including HSR projects of similar size and complexity or firms with experience in providing project management, technical, commercial or legal advisory services relating to HSR and/or rail projects of 200km of track.

Prasarana Malaysia Bhd said parking at the ‘park n ride’ facilities at LRT stations in Ara Damansara, Glenmarie, USJ21, Alam Megah, Subang Alam and Putra Heights will be charged at RM4 per entry per day.

Yong Tai chief executive officer Boo Kuang Loon said the company will seek shareholder's approval for the corporate exercise at its forthcoming extraordinary general meeting (EGM) on Sept 1.

In a note today, the research house said that New South Wales (capital city: Sydney) will be proposing a stamp duty surcharge of 4% in its 21 June’s Budget following the move by Victorian and Queensland.

In its evening edition yesterday, the research house said EcoWorld continued to trade below the 20-day and 50-day moving average lines in the last two days after spending five days between the same two MA lines.

Naza TTDI will work on a 12.7-acre residential development that will comprise 278 residential units in Kwasa Damansara.

Based on an indicative issue price of RM1.24 per placement share, the exercise is expected to raise gross proceeds of between RM443.072 million (minimum scenario) and RM612.08 million (maximum scenario).

TheEdgeProperty.com, which in May launched property portals for Malaysia (www.theedgeproperty.com.my) and Singapore (www.theedgeproperty.com.sg), has seen traffic to the two sites grow by leaps and bounds, especially in September and October.
 

E&O said its subsidiary Tanjung Pinang Development Sdn Bhd had issued a letter of award to China Communications Construction Co Ltd’s Malaysian unit China Communications Construction Co (M) Sdn Bhd to undertake the proposed project.