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Empire Shopping Gallery reopens after renovations

SUBANG JAYA (Nov 17): The Empire Shopping Gallery (ESG) in Subang Jaya, Selangor has reopened on Wednesday, after months of repair and renovation works on the damages sustained by the building in an early morning gas explosion in September.

Will focus shift to Malton?

KUALA LUMPUR (Nov 16): The listing of Pavilion REIT, slated for Dec 6, will result in the realisation of a net worth of approximately RM1.69 billion for controlling shareholder Datuk Desmond Lim Siew Choon and his spouse Datin Cindy Tan Kewi Yong.

IJM's The Light up for grabs at MIPIM Asia

HONG KONG (Nov 16): IJM Land Bhd's RM5 billion iconic waterfront project in Penang, known as The Light, is up for grabs at the ongoing MIPIM Asia 2011, the world's premier real estate exhibition and conference, at the Hong Kong Convention and Exhibition Centre.

RM460m funding for KL Eco City

KUALA LUMPUR (Nov 16): S P Setia Bhd signed a RM460 million syndicated Islamic financing on Tuesday with three Islamic financial institutions — HSBC Amanah Malaysia Bhd, Hong Leong Islamic Bank Bhd and Bank Muamalat Malaysia Bhd — in conjunction with the official launch of its RM6 billion KL Eco City project.

PKNS eyes potential investors to take up RM700m sukuk at MIPIM Asia

HONG KONG (Nov 15): The Selangor State Development Corporation (PKNS) is scouting for potential investors to take up its RM700 million Sukuk (Islamic Bond) issuance.

Announcing this, PKNS deputy general manager (corporate affairs) Datin Paduka Norazlina Zakaria said PKNS was currently finalising issuance of the sukuk with the relevant Malaysian authorities.

Still no PNB offer document

KUALA LUMPUR (Nov 16): S P Setia Bhd has yet to receive the official general offer document from Permodalan Nasional Bhd (PNB) to acquire all its remaining shares and warrants, according to the property developer's president and CEO Tan Sri Liew Kee Sin.

China residential inventories continue to surge

SHANGHAI (Nov 15): Third quarter (3Q) total primary residential transacted areas in 20 major China cities fell 17.3% year-on-year (y-o-y) and 1.6% quarter-on-quarter (q-o-q), according to a joint report released by Knight Frank and Holdways.

S P Setia officially launches KL Eco City

KUALA LUMPUR (Nov 15): S P Setia Bhd officially launched its KL Eco City project with a signing ceremony for a RM460 million syndicated Islamic financing facility provided by three Islamic financial institutions, namely HSBC Amanah Malaysia Bhd, Hong Leong Bank Bhd and Bank Muamalat Malaysia Bhd.