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Mulpha Land sees 4.8% stake cross off-market

KUALA LUMPUR (March 4): Property developer Mulpha Land Bhd saw 10.95 million shares, which represents 4.8% stake in its overall outstanding shares, traded off-market today.

According to Bloomberg data, the shares were transacted in three blocks for a total of RM5.07 million or between 45 sen and 47 sen a piece.

Country View's ED Law ups stake in group via off-market trades

KUALA LUMPUR (March 4): Country View Bhd saw its executive director Law Kit Tat increase his stake to almost 20% of the group’s overall share capital today, after he acquired an additional 3.84% equity interest outside trading hours.

Jaya Shopping Centre yet to fill up

IT has been almost 10 months since the redeveloped Jaya Shopping Centre (JSC) in Section 14, Petaling Jaya, opened but tenants say they are struggling and contend that the neighbourhood mall could perform better.

Retailers in the mall say they would like management to review the rental agreement and a couple have said they are prepared to move out if things do not improve.

EPF's Kwasa Land, Impiana partners in RM400m residential JV

KUALA LUMPUR (Mar 4): Kwasa Land Sdn Bhd, a wholly-owned unit of the Employees Provident Fund (EPF), has roped in Impiana Land & Development Sdn Bhd as development partner for a planned RM400 million residential project.  

It's business as usual for Sungei Wang Plaza

KUALA LUMPUR (March 4): Sungei Wang Plaza Management Corp said it's business as usual for the popular shopping mall on Jalan Bukit Bintang here that it manages, reiterating that its operation is unaffected by the temporary closure of Bukit Bintang Plaza (BB Plaza) that is located next door.

Axis-REIT proposes unit split, private placement

KUALA LUMPUR (March 2): Logistics and office property trust Axis Real Estate Investment Trust (Axis-REIT) has proposed to split each of its existing units into two, do a 20% placement of the enlarged base, and issue new units via a unit reinvestment plan.