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.

PETALING JAYA: The board of OSK Holdings Bhd is meeting as early as today to discuss the potential acquisition of OSK Property Holdings Bhd and PJ Development Holdings Bhd, said sources.

“Tentatively, the plan is for OSK Holdings to acquire OSK Property and PJD Development,” said a source familiar with the matter.

Eco World’s inaugural charity dinner on Oct 11 netted RM6.64 million. Those seen here with the mock cheque for the amount include Chang (fourth from left), Lee (eight from left) and Liow (ninth from left).

KUALA LUMPUR: Property developer Guocoland (Malaysia) Bhd saw its net profit plunge 78.5% to RM2.78 million for the first financial quarter ended Sept 30, 2014 (1QFY15) from RM12.94 million a year ago, mainly due to lower contribution from its commercial project in PJ City, Old Klang Road and its residential project in Kajang, Selangor.

Sunway surprises all; E&O and IOI Properties make a comeback