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Tiger Synergy most active after Cheras land buy

KUALA LUMPUR (Apr 7): Tiger Synergy Bhd was the most active counter in morning trades today after it announced it is buying land in Cheras, Selangor, to build a 120-unit condominium.

At 10.58am today, Tiger (fundamental: 1.2; valuation: 1.2) saw some 47.8 million shares changed hands. But the stock fell 1 sen or 7.7% to 12 sen.

Jiankun buys 93 freehold subdivided land in Seri Kembangan for RM22.5m

KUALA LUMPUR (Apr 6): Jiankun International Bhd has proposed to acquire 93 freehold vacant subdivided plots — with a combined land area of 101,517 sq ft — in Seri Kembangan, Selangor, for RM22.5 million, for a new terrace-house development costing some RM50 million.

Mulpha Land offer ‘not fair and not reasonable’

KUALA LUMPUR (Apr 6): Independent adviser, MainStreet Advisers Sdn Bhd, has advised Mulpha Land Bhd’s shareholders to reject the takeover offer by Teladan Kuasa Sdn Bhd at 49.7 sen a share stating that it is “not fair and not reasonable”.

MCT to focus on affordable housing in Klang Valley

Despite soft property market sentiment, MCT's CEO Datuk Seri Tong Seech Wi said the integrated property developer has lined up RM3.9 billion worth of property projects priced RM700,000 and below