Hua Yang Bhd aims to realise the potential of its 30.95% acquisition of Magna Prima Bhd at a total of RM190.3 million by unlocking the latter's value in the former Lai Meng School land on Jalan Ampang in the next two financial years ending March 31, 2020.

CapitaLand is pushing the boundaries of reinventing space when it comes to indoor attractions and air-conditioned parks.

The RM3.74 billion Setiawangsa-Pantai Expressway (SPE) is 13% complete and 3% ahead of schedule, Ekovest Bhd managing director Datuk Seri Lim Keng Cheng said in a Bernama report yesterday.

Ibraco Bhd shares rose 2.38% in thin trade this morning after Hong Leong IB Research initiated coverage on Ibraco with a “Buy” rating and target price of 97 sen (upside of 15.5%) based on 35% discount on RNAV of RM1.49.

Crest Builder Holdings rose 7% at mid-morning trading today, after the group said it expects its performance for FY17 to be better.

Selangor Dredging Bhd (SDB), via its indirect 50% associated company Champsworth Development Pte Ltd, has acquired a parcel of prime land in Draycott Park, Singapore for S$72 million (RM223.2 million).

The most profitable deal was the sale of a 2,885 sq ft, four-bedroom unit at Ardmore Park for a profit of S$3.25 million.

Trive Property Group Bhd has proposed an issuance of up to 500 million new shares to Australian bank Macquarie Bank Ltd to raise up to RM60.5 million to fund a residential development project in Kertih, Terengganu.

Anzo Holdings Bhd said its wholly-owned subsidiary Harvest Court Properties Sdn Bhd (HCP) has entered into a collaboration agreement with DVM Innovate Sdn Bhd, a wholly-owned unit of Key Alliance Group Bhd, for the development of a proposed e-commerce fulfilment hub.

Crest Builder group managing director Eric Yong Shang Ming said the construction division will be the major driver for the group this year.