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Iskandar Waterfront IPO postponed indefinitely

KUALA LUMPUR: Iskandar Waterfront Holdings Sdn Bhd (IWH), which had postponed what would have been one of the country’s largest initial public offering (IPO) once, has decided to put the plan on the back burner indefinitely, said sources.

IWH had initially targeted to be listed on Bursa Malaysia by end of 2013 or early 2014.

Tough year ahead for property sector, says JF Apex Securities

KUALA LUMPUR (Jan 5): JF Apex Securities Research said it envisages another tough year for the property sector as empirical evidence suggests that developers had experienced slowdown in their new sales since 2H14 with no signs of pre-Goods and Services Tax (GST) rush and relaxation of tightening lending.

LBS Bina declares special dividend of 6 sen

KUALA LUMPUR (Jan 2): Property developer LBS Bina Group Bhd has declared a special dividend of 6 sen per share, payable on Feb 6 this year.

In a filing with Bursa Malaysia today, LBS Bina said it has set an ex-date for the special dividend on Jan 23, with an entitlement date on Jan 27.

Sentoria plans RM800m project in Kedah

KUALA LUMPUR (Jan 2): Property developer and leisure resort operator Sentoria Group Bhd has proposed to acquire three parcels of freehold land in Bandar Amanjaya, Kedah from Ideal Appraisal Sdn Bhd for RM46.44 million.

BLand's disposal of 70% stake in China unit aborted

KUALA LUMPUR (Jan 2): Berjaya Land Bhd (BLand), controlled by tycoon Tan Sri Vincent Tan Chee Yioun with a 73.17% stake, has aborted a plan to sell of its 70% stake in Berjaya (China) Great Mall Co Ltd (GMOC), which is developing the RM7.5 billion Great Mall of China project in Hebei Province, China, to Hong-Kong listed Carnival Group International Holdings Ltd.

CIMB Research downgrades property sector to 'neutral'

KUALA LUMPUR (Jan 2): CIMB Research has downgraded the Property sector to “Neutral” from “Overweight” and said while the property sector was one of the better performing sectors in 2014, that would be difficult to sustain in 2015 in view of the imminent implementation of the 6% goods and services tax (GST) starting Apr 1.

Marriott International launches fifth hotel in India

KOCHI: Marriott International Inc launched its fifth hotel in India — Kochi Marriott Hotel in Kerala — on Dec 21.

“Kochi Marriott Hotel introduces a stylish, modern hotel experience for guests and has been designed to provide the best in-house service and facilities for business and leisure travellers,” said Kochi Marriott Hotel general manager Vineet Mishra in a statement recently.