KUALA LUMPUR (Jan 21): LBI Capital Bhd saw 3.1 million of its shares, representing a 4.24% stake in the company, traded off market today at a total value of RM3.596 million.

According to Bloomberg data, the shares were moved in one block of 3.1 million shares at RM1.16 per share.   

KUALA LUMPUR (Jan 21): DutaLand Bhd (fundamental: 1.25; valuation: 0.9) saw 16.86 million of its shares, representing a 2% stake in the company, traded off-market today for RM8.6 million.

According to Bloomberg data, the shares were moved in a single transaction and was priced at 51 sen apiece.

TEXTILE retailer and wholesaler Jakel Trading Sdn Bhd will launch its first property development project, Jakel Square, in Kuala Lumpur next month with the opening of the country’s largest textile mall.

KUALA LUMPUR (Jan 21): Shanghai state government linked-Greenland Group and Iskandar Waterfront City Bhd (IWCB, formerly known as Tebrau Teguh Bhd), have inked a RM2.4 billion deal to develop the Tebrau Bay Waterfront City.

KUALA LUMPUR (Jan 20): Shares of SP Setia Bhd (fundamental: 1.4; valuation: 1.2) rose 2.54% or 9 sen today to RM3.64, as analysts project the company will likely withstand downside risks to earnings and share price, amid a challenging market this year.

KUALA LUMPUR (Jan 20): Property developer LBS Bina Group Bhd has tightened its grip in ML Global, after acquiring a total of 561,800 shares in the latter via four open market transactions last week.

PROPERTY DEVELOPER Ong Kah Hoe recently emerged as the largest shareholder in Takaso Resources Bhd, a manufacturer and exporter of condoms and baby care accessories.

Ong owns 35% of property development company OCR Land Holdings Sdn Bhd (previously known as Ong Chong Realty Sdn Bhd), which surfaced as a substantial shareholder with 12.5 million shares or a 6.3% stake on Dec 17.

KUALA LUMPUR (Jan 20): Iris Corporation Bhd is forming a joint-venture (JV) with Technology Park Malaysia Corporation Sdn Bhd (TPM) to jointly develop a residential project on a piece of land in Phase 3 TPM Bukit Jalil.

KUALA LUMPUR (Jan 19): Eastern & Oriental Bhd (E&O) is adding two more properties to its London portfolio, by acquiring vintage office buildings Landmark House and Thames Tower for a total of £57 million (RM308.94 million as quoted by the company).

KUALA LUMPUR (Jan 19): Axis Real Estate Investment Trust’s (Axis REIT) realised net income fell 9.9% year-on-year to RM19.33 million in the fourth quarter ended Dec 31, 2014 (4QFY14), from RM21.45 million in the previous corresponding quarter.

Realised rental revenue slipped 4.5% to RM34.37 million, from RM36.01 million previously.