Paradigm Real Estate Investment Trust (KL:PARADIGM) made a flat Main Market debut on Tuesday, as it closed at RM1, unchanged from its initial public offering price amid a softer broader market.

It is buying the property from High Rich Realty Sdn Bhd, which is controlled by Datuk Seri Tiong Chiong Hoo, Kelvin Tiong Yung Yiing, Clara Tiong Siew Ee and Rosalina Ling Hung Ching via Oriental Evermore Sdn Bhd and Bright World Trading Co Ltd.

The placement shares, totalling up to 253 million or 10% of the company’s share base, will be placed out to independent third-party investors. 

Datuk Joseph Lau, the head of the developer behind Desa ParkCity township, has emerged as the second largest shareholder of construction firm Crest Builder Holdings Bhd (KL:CRESBLD).

The Kelana Jaya Line Light Rail Transit (LRT) service, which experienced delays due to a track switch disruption between the Pasar Seni and Bangsar stations, resumed full operations at 11.10am on Monday after initial repair works were completed.

Real estate agency CiD Realtors Sdn Bhd plans to expand its presence in various regional markets across the country through the use of market analytics, data-driven territory mapping, and agent specialisation.

Venture capital company Asia Vision Capital Sdn Bhd (AVC) has teamed up with JYSigma Business Consultancy (JBC) to enhance investor engagement for its private equity real estate funds in the region.

Andara, which is Sime Darby Property Bhd’s final landed residential project in Ara Damansara, recorded an 85% take-up rate to date since its launch on April 27.

A bid by the former operator of Kuala Lumpur Tower to institute contempt proceedings against Communications Minister Datuk Fahmi Fadzil and others was tossed out of court on Monday.

LBS Bina Group Bhd’s special purpose vehicle, Suria Hijauan Sdn Bhd has secured an RM88.4 million green financing facility from Alliance Bank Malaysia Bhd to fund the engineering, procurement, construction and commissioning (EPCC) costs for its maiden 43 MWp solar farm project.