Tanco Holdings said the price was arrived at on a “willing buyer and willing seller” basis. The disposal, it said, would provide the group with an avenue to unlock and realise the value of the properties.

Oxley Holdings says it is working to reduce its gearing and pursue an asset light business strategy as it continues to expand its operations overseas.

In Knight Frank’s recent “The London Report”, it stated that the Central London property market has witnessed significant capital inflows since the Brexit referendum, despite an initial pause for breath.

Datuk Izham Yusoff: 2017 will continue to be challenging but there is still a huge demand for affordable houses in Kedah, so that is where the sweet spot is.

Following the acquisition, Yanlord’s indirect interest in Shenzhen Long Wei Xin has increased to 94.9% from the initial 75% which was acquired in 2007 for RMB238.7 million.

Knight Frank: This is up 12% in comparison with 2015, and up 36% from 2012.

Chances of Gamuda exceeding RM2 billion assumed new wins this year remain good.

Penang Automation Cluster Sdn Bhd is acquiring the land from state-owned Penang Development Corp, Vitrox and Pentamaster said in filings with Bursa Malaysia.

PLB Engineering Bhd is disposing of a piece of freehold agriculture land in Kulim, Kedah, to Tiong Nam Logistics Solutions Sdn Bhd for RM9.63 million.

SILC Phase 3 sits on a net area of approximately 196 acres and has a total of 86 industrial service lots.