News by theedgemarkets.com

The stake, comprising 69.89 million shares was sold via direct business transactions on March 30. 

The purpose of the exercise is to reduce UDA’s financial burden and ensure the company continues to implement development projects for the economic growth of the country as well as safeguard the interest of bumiputera in urban areas.

The REIT said the issue price represents a discount of approximately 9.5% to the volume weighted average price of the units for the five market days up to and including April 3 of RM1.3254 per unit.

... alleging that over 20 parties comprising companies and individuals acting in concert have accumulated more than 33% equity stake without making a mandatory general offer.  

Leong stated that the collaboration with CECC will help Chinese investors understand Malaysia’s real estate and manufacturing industry as well as the government’s policies better.

The MOU is part of China’s RM170 billion foreign direct investment commitments secured by Malaysia in conjunction with Prime Minister Datuk Seri Anwar Ibrahim’s visit to China last week.

SIAB Holdings Bhd and Yong Tai Bhd have mutually agreed in principle to terminate two condominium projects belonging to Yong Tai on Jalan U-Thant here, and in Melaka, with a combined outstanding contract value of RM190.48 million.

Pangsapuri Saujana Indah will be spread across a 2.6-acre freehold tract comprising two 37-storey towers. 

With a gross development value of RM128 million, Sunway Dora comprises 156 condominium units and 22 commercial shops. 

The property in question in the long-standing dispute that started in the 1960s covers 263.72 acres.