YTL Corp Bhd’s wholly-owned subsidiary YTL Hotels & Properties Sdn Bhd has expanded its assortment of luxury properties in the United Kingdom, with the acquisition of the Threadneedles Hotel in London.

Malaysian Rating Corp Bhd (MARC) has removed the rating on WCT Holdings Bhd’s RM2.5 billion debt programmes from its MARCWatch Developing list, as it is satisfied with the construction company’s plan to reduce the debt that had been affecting its credit ratings.

In line with the recent entry of EduCloud, an integrated education platform, Prestariang Bhd has proposed to purchase eight-storey semi-detached signature corporate office/retail suites in Cyberjaya for RM25 million to house transformational businesses.

Rising interest rates in the US have sparked concerns that it will impact the rest of the world including Malaysia’s property sector.

Rented for: RM20,000 a month; Concluded by: Jerome Eng Sitt Tatt (E 2316) of CBD Properties (Penang) Sdn Bhd (012-419 9298); When: October 2016

Berjaya Land Bhd has acquired 10 million shares or a 0.9% equity stake in 7-Eleven Malaysia Holdings Bhd from Berjaya Retail Bhd via direct business transactions for a total cash consideration of RM14 million at RM1.40 per 7-Eleven Malaysia share.

Vizione Holdings Bhd, formerly known as Astral Supreme Bhd, said it has raised gross proceeds of RM58.29 million from the its two-for-one rights issue with free attached warrants.

Oxley Holdings says wholly-owned subsidiary, Oxley Holdings (Cyprus), and Planetvision Properties (CY) have incorporated a joint venture company, Oxley Planetvision Properties, in Cyprus.

Sime Darby Bhd’s restructuring plan to create three stand-alone businesses in the plantation, property as well as trading and logistics sectors could lead to a potential de-rating of the stock, say analysts.

Construction company Kerjaya Prospek Group Bhd, formerly Fututec Bhd, hopes to secure more construction jobs to meet its internal replenishment order book target of RM800 million for the current year ending Dec 31, 2017 (FY17), according to its executive chairman Datuk Tee Eng Ho.