KUALA LUMPUR (Jan 9): Mah Sing Group Bhd has fixed the issue price for its proposed rights issue at RM1.42 per rights share, at an entitlement basis of 3 rights shares for every 10 existing shares held.

The entitlement basis for the warrants has also been fixed at 3 free warrants for every 10 rights shares subscribed, with the exercise price of the warrants fixed at RM2.63 each.

KUALA LUMPUR (Jan 9): Kimlun Corporation Bhd has been awarded two projects with a collective contract value of RM110.6 million.

The first contract worth RM63.6 million and awarded by Tentu Teguh Sdn Bhd — a subsidiary of United Malayan Land Bhd, entails the main building works for 89 units of factories in Johor Bahru, which are expected to be completed in December next year.

KUALA LUMPUR (Jan 9): Eastern & Oriental Bhd rose as much as 5.36% or 12 sen to RM2.36 today, after the property developer fixed the ex-date and entitlement date for its bonus issues and warrants yesterday evening.
 
The counter eased to RM2.33 as at 2.32pm, after some 1.36 million shares changed hands, giving it a market capitalisation of RM2.59 billion.
 

KUALA LUMPUR (Jan 9): KSL Holdings Bhd rose as much as 9% as investors chased the property developer's shares to be entitled for its dividend.

RESALE prices at luxury projects in neighbourhoods popular among foreign buyers took a hit in 2014, raising concerns that foreigners could exit Singapore’s real estate market en masse.

Last year saw several high-end apartments in the city state’s exclusive enclave of Sentosa Cove and the highly sought-after address of Orchard Road sell at hefty losses.

KUALA LUMPUR: Prices of luxury homes across 33 cities saw an increase of only 0.2% in the third quarter of 2014 (3Q14), the weakest performance in two years, reported Knight Frank’s Residential Research Prime Global Cities Index 3Q14.

KUALA LUMPUR: This weekend local real estate investment house Zerin Properties Sdn Bhd and London luxury property agent Saffron International will be showcasing the London project Royal Dockside at Docklands. The event will be held at Saffron KL, 73 Jalan Maarof, Bangsar, Kuala Lumpur.

GURGAON: Ahmedabad is poised to be an automobile manufacturing hub in India, said Jones Lang LaSalle Property Consultants Pvt Ltd (JLL) Monthly Real Estate Monitor in November 2014.

According to the report, industrial developments at Sanand and Bechraji, 25km and 100km from Ahmedabad respectively, are to be developed as automobile manufacturing hubs in India.

SHAH ALAM: Best Western International, one of the world’s largest hotel chains with 4,000 hotels in over 100 countries, has opened its first hotel in Shah Alam.

Best Western i-City Shah Alam is in the 72-acre (29ha) i-City next to i-City Waterworld. i-City is developed by I-Bhd.

KUALA LUMPUR: Two parcels of land owned by the Federal Republic of Germany in the city centre are being sold via tender by Rahim & Co Chartered Surveyors Sdn Bhd.

The plots are in Jalan Kia Peng and Jalan Tun Razak, measuring 1.87 acres (0.75ha) and 0.38 acres, respectively.