SHL set to secure ownership of Wisma Sin Heap Lee SHL Consolidated Bhd is set to secure majority ownership of Wisma Sin Heap Lee, a prime commercial property near the Jalan Tun Razak and Jalan Ampang intersection in Kuala Lumpur. This will follow SHL’s acquisition of a 60% stake in Goodstock Land Sdn Bhd for RM25.56 million.
E & O records robust earnings Eastern & Oriental Bhd (E&O) achieved a net profit of RM75 million and recorded strong income growth of 67% for FY2010 ended March 31.“The group’s improved position is attributable to its well-timed and successful launch of the St Mary Residences condominiums in Kuala Lumpur and Quayside Seafront Resort Condominiums in Penang,” E &
Berjaya Land ends Korean JVBerjaya Land Bhd’s proposed joint venture with South Korea’s Jeju Free International City Development Center (JDC) to build a Themed Village project has lapsed, according to a June 22 filing with Bursa Malaysia.Berjaya said that it had decided to focus on its current joint-venture development project in Jeju with JDC.
PNB to conduct study on Kampung Baru redevelopmentPermodalan Nasional Bhd (PNB), Malaysia’s largest fund manager, will conduct a study on the government’s plan to redevelop Kampung Baru.PNB president and CEO Tan Sri Hamad Kama Piah Che Othman says the study is to determine whether the redevelopment will yield competitive returns for the company following the government’s propos