Boustead Plantations rises 1.88% on disposal of land to S P Setia
The proposed acquisition comes after a successful bid submitted by Setia Recreation under a tender process conducted by WTW Real Estate Sdn Bhd.
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Premature of Putrajaya to condemn DEIAs — Penang
State local government, transportation and flood mitigation committee chairman Chow Kon Yeow said the state and Gamuda-led SRS Consortium, which appointed consultants Dr Nik & Associates Sdn Bhd to prepare the reports, abided by law when conducting the detailed environmental impact assessments (DEIAs).
Boustead sees RM527 mil windfall from land sale to S P Setia
The disposal of the plots, measuring 677.78ha in total, will unlock value for the group, said Boustead Plantations vice-chairman Tan Sri Lodin Wok Kamaruddin.
Country Heights gets another loan extension from major shareholder Lee
"The lender (Lee) has gratuitously agreed to the extension in the best interest of the company after taking into consideration the financial obligations of the company," said Country Heights in a filing with Bursa Malaysia yesterday.
DONE DEAL: Solaris Dutamas serviced residence, Kuala Lumpur
Sold for: RM975,000 (RM920 psf); Concluded by: Ann Soh (REN 03232) of One Sunterra Properties (018-369 8650); When: June 2016
S P Setia acquires land in Penang for RM620.12 mil from BPB
In a filing with Bursa Malaysia today, S P Setia said its wholly-owned subsidiary Setia Recreation Sdn Bhd had entered into a sale and purchase agreement with Boustead Plantations for the proposed acquisition.
SRS Consortium to submit 3 detailed EIAs for PTMP by early 2017
The PTMP is expected to kick off the first phase of development involving reclamation, light rail transit and the highway in the first quarter of 2018 following the approvals from the federal government.
Chinese top tier cities dominate urban house price growth
House prices in China’s top tier cities have recorded an average annual growth of 31.8%, occupying the top eight spots of Knight Frank’s Global Residential Cities Index, said international real estate firm Knight Frank LLP.
MBSB active, up 2.78% on getting go ahead for M&A talk with AFB
MBSB said it plans to negotiate with the existing shareholders of AFB, namely Qatar Islamic Bank, RUSB Investment Bank Inc, Tadhamon International Islamic Bank and Financial Assets Bahrain WLL.
KIP REIT seeks RM234 mil via Main Market listing
The sum is derived from the indicative issue price of RM1 per share for 234.15 million offer units in its initial public offering (IPO), of which 220.65 million units are marked for institutional and selected investors — including bumiputera — with the remaining 13.5 million being retail offerings.
