KUALA LUMPUR: Tropicana Corp Bhd is partnering with Hong Kong-listed Agile Property Holdings Ltd to jointly develop 3.138 acres (1.269ha) of prime land near Bukit Bintang in Kuala Lumpur.

PETALING JAYA (May 8): Tropicana Corp Bhd announced this morning it is selling a 1.3ha (3.138 acre) land along Kuala Lumpur's Jalan Bukit Bintang to a company jointly owned by Tropicana and Hong Kong-listed developer Agile Property Holdings Ltd for RM448.4 million cash.

Parkson Holdings Bhd
(May 7, RM2.95)
Maintain sell with target price of RM2.20: We reaffirm our “sell” recommendation on Parkson with an unchanged sum-of-parts based fair value of RM2.20 per share.

KUALA LUMPUR: The Malaysian National Co-operative (Angkasa), in a move to be involved in high-impact activities, will venture into real estate in September with the construction of 500 units of affordable houses in Alor Gajah, Melaka.

KUALA LUMPUR: Tropicana Corp Bhd, whose trading was suspended yesterday pending a material announcement, is tipped to sign the sale and purchase agreement for a prime piece of land on Jalan Ampang, formerly where the historical Bok House was located, today.

KUALA LUMPUR: Ho Hup Construction Co Bhd has ceased to be a PN17 designated company effective yesterday, following Bursa Malaysia’s approval for its early upliftment of the status.

SINGAPORE: Poly Real Estate Group Co fell the most in eight weeks, leading declines in Chinese property stocks amid growing concern the nation’s housing market is cooling.

GEORGE TOWN: A group of residents here are up in arms against the Penang Island Municipal Council (MPPP) for approving a high-rise development on hilly land in front of their houses.

KUALA LUMPUR: Tan Sri Liew Kee Sin has joined Eco World Development Group Bhd as a non-independent non-executive director, confirming a report by The Edge Financial Daily last Tuesday.

His appointment came a few days following his resignation as president and chief executive officer of S P Setia Bhd effective April 30. He had helmed S P Setia for 18 years.  

KUALA LUMPUR: Developer Titijaya Land Bhd is looking to acquire a piece of land of 8.26ha in the south-eastern part of Penang island from its major shareholder for some RM126 million cash, said sources, adding that the group has appointed corporate finance advisers to look into the exercise.