WCT Holdings Bhd proposed a share dividend on the basis of one treasury share for every 165 existing units to reward the construction firm's shareholders.

TH Properties Sdn Bhd, a wholly owned subsidiary of Lembaga Tabung Haji has launched another phase of 2-storey terraced houses comprising  99 units (Phase 1B) of Eliya, in Warisan Puteri 2, Seremban last Saturday (April 15).

UOB Kay Hian is reiterating its “hold” recommendation on Ascott Residence Trust (ART) at a target price of S$1.20 following news of the trust’s agreement made last week to divest its trust beneficiary interests of 18 rental housing properties in Japan to Nikko Zenith GK9.  

Gamuda Land’s Valencia township development and Madge Mansions received a Gold and a Silver award respectively at the recent TheEdgeProperty.com Malaysia’s Best Managed Property Awards on April 3.

Ikhmas Jaya Group Bhd gained 3.23% during the mid-morning session, after the company last Friday announced a contract win worth RM33.8 million.

Following the acquisition, Frasers Property has also agreed to make an all-cash offer for the remaining 13.44% free-float interest in Geneba at an equivalent offer price of EUR3.67 per depositary receipt.

Property developer S P Setia Bhd saw its share price rise as much as 4.51% this morning after the group announced a plan to buy 342.5 acres of landbank in Bangi, Selangor, and signed a memorandum of intent (MoI) to acquire I&P Group Sdn Bhd, a developer owned by Permodalan Nasional Bhd.

The company is en route to a listing on the Main Market of Bursa Malaysia by June this year.

Group’s RM9 bil total outstanding GDV will keep it busy for eight to 10 years.

Areka Capital Sdn Bhd chief executive officer Danny Wong said bringing the two major property developers under one roof is seen as streamlining operations.