IWH CREC is a 60:40 joint venture between Iskandar Waterfront Holdings Sdn Bhd and China Railway Engineering Corp (CREC).

Move will split the conglomerate into three listed entities.

In a technicals note today, the research house said should RM1.74 resistance level be broken, it may continue to lift price higher to the next resistance levels of RM1.80 and RM1.87.

In a note today, the research house said it was positive on the move, as the planned spin-offs allow Sime to crystalise values of its businesses.

Sunsuria Bhd has opened Block B, the final block at The Olive condominium project at Sunsuria City in Salak Tinggi, Selangor, for sale following good response to the earlier blocks.

Sold for: RM1.5 million, Concluded by: Yip Zhen Hao (REN 18453) of Cornerstone Realty (016-338 9152), When: September 2016

Currently, the building is leased to Pantai Medical Centre for a term of 15 years, expiring on May 14, 2029, and being occupied and operating as “Pantai Hospital Manjung”.

The property comprises a 45,000 sq ft piece of leasehold land rated at RM1,100 per sq ft and a single-storey detached factory.

This is on the back of Beijing’s tightened controls to curb property price growth.

Advance Information Marketing Bhd (AIM) has decided not to proceed with the purchase of an arcade shoplot unit in Kota Kinabalu, Sabah from private property developer Sunsea Development Sdn Bhd.