KUALA LUMPUR (Oct 20):  Axis Real Estate Investment Trust (Axis REIT) announced that its dividends for the nine-month ended Sept 30, 2014 has amounted to 15.6 sen per unit, which is 13% higher compared to the same period last year.

The dividends include 100% of the distributable gain of RM10.95 million from the disposal of Axis Plaza, which was completed on March 25, 2014.

KUALA LUMPUR (Oct 20): WCT Holdings Bhd is buying four pieces of vacant freehold land measuring a total of 220.74 acres in Bandar Serendah, Selangor for a total purchase consideration of RM115.4 million, or approximately RM12 per square feet.

The firm plans to undertake a mix-commercial development project on the said land, but said it is still at a preliminary stage.

KUALA LUMPUR (Oct 17): Bertam Alliance Bhd has appointed Sabah businessman Lim Nyuk Foh as its managing director, a filing to Bursa Malaysia revealed today. Lim is also the managing director and founder of timber products manufacturer Priceworth International Bhd.

KUALA LUMPUR (Oct 17): Property developer Glomac Bhd will be launching its Kulaijaya development in Johor, with a gross development value (GDV) of RM750 million, by March 2015.

HENRY BUTCHER (PENANG) SDN BHD’s valuation reports on part of the land acquired by 1MDB in Air Itam states that there are over 500 squatters occupying these parcels. But these people are not squatters in the usual sense of the word.

KUALA LUMPUR (Oct 16): UDA Holdings Bhd and Tradewinds Corp Bhd will redevelop the Bukit Bintang Plaza (BB Plaza) shopping centre into an ultra-moden area to keep up with the rapid development in surrounding areas, according to a Bernama report.

KUALA LUMPUR (Oct 16): Eco World International Bhd (EWI), spearheaded by Tan Sri Liew Kee Sin, has proposed to list as a special purpose acquisition company (SPAC) on the Main Market of Bursa Malaysia.

KUALA LUMPUR (Oct 15): OSK Holdings Bhd has proposed to acquire OSK Property Holdings Bhd and PJ Development Holdings Bhd (PJD), confirming a report by TheEdge Markets.com this afternoon.

In a filing with Bursa Malaysia this evening, OSK Holdings said it will acquire OSK Property at RM2 apiece and PJD at RM1.60 per share.

KUALA LUMPUR (Oct 15): Property developer SP Setia Bhd has today announced the appointment of Tan Sri Alauddin Md Sheriff and Datuk Seri Ir. Mohd Noor Yaacob as the group’s independent non-executive directors, a filing to Bursa Malaysia revealed.

KUALA LUMPUR (Oct 15): Property developer Ibraco Bhd has entered into a memorandum of understanding (MOU) with its 70%-owned subsidiary, Ibraco HGS Sdn Bhd, to jointly develop 12 parcels of mixed-zone land in Kuching, Sarawak.