KUALA LUMPUR: Iris Corp Bhd is acquiring 3.33 million shares or a 50% stake in Palau Peleliu Resorts Ltd from UK Investment Holdings Ltd for US$5 million (RM16.4 million) or US$1.50 per share.

In a filing with Bursa Malaysia yesterday, Iris said its 60%-owned subsidiary Iris Land Sdn Bhd had signed an agreement with UK Investment for the proposed acquisition.

LONDON: Battersea Power Station Development Company Ltd has closed a syndicated debt facility of £1.35 billion to fund the development of Phase 2 and Phase 3 of the iconic Battersea Power Station (BPS) here.

UEM Sunrise Bhd
(Oct 28, RM1.81)

KUALA LUMPUR (Oct 28): Property developer Malaysia Pacific Corp Bhd (MP Corp) announced to the stock exchange today that its audited financial statements (AFS) for the financial year ended Jun 30, 2014 (FY14) will be delayed.

KUALA LUMPUR (Oct 28): Construction and property developer Gadang Holdings Bhd’s net profit for the first quarter ended Aug 31, 2014 (1QFY15) surged 34% to RM9.54 million or 4.41 sen per share, from RM7.14 million or 3.63 sen per share in the previous corresponding period, on higher contributions from construction activities.

KUALA LUMPUR: IOI Properties Group Bhd (IOI Prop) is looking to launch projects worth up to RM10 billion in gross development value (GDV) over the next two to three years across Malaysia, Singapore and China, said chief executive officer Lee Yeow Seng.

KUALA LUMPUR (Oct 27): Nexgram Holdings Bhd, an end-to-end mobile application service provider that has ventured into property development, is targeting 15% profit margin from its property division, said its Chief Executive Officer and Managing Director Tey Por Yee.

KUALA  LUMPUR (Oct 27): IOI Properties Group Bhd will be launching property projects with a gross development value of about RM3 billion over the second half of its financial year ending June 30, 2015.

An artist’s impression of Dwi@Rimbun Kasia, which is due for completion in 2017. Photo by Ireka Corp

Seri Iskandar: Hua Yang Bhd will be launching Lavender 2 at its 777-acre (314ha), RM1.4 billion Bandar Universiti Seri Iskandar township development on Oct 31.