KUALA LUMPUR: Many minority shareholders of Eastern & Oriental Bhd (E&O) who attended the AGM last Friday, Sept 30 were seen coming out from the meeting with a sour face.

KUALA LUMPUR: Kenanga Wholesale City (KWC), touted as Malaysia's first fashion wholesale mall, will commence business come mid-October.

The 22-storey KWC is developed on a 3.2 acre (1.3ha) site along Jalan Kenanga in the Pudu area in Kuala Lumpur.

Aiming for billion-ringgit profits

YNH Property Bhd will likely see its investment in Manjung pay off in spades over the next few years. This is because its Manjung Point township is poised to enjoy the spillovers of at least RM21 billion worth of investments headed towards the district over the next 10 years.

Fancy a home within a home? Although uncommon in condominium developments, this is exactly what See Hoy Chan Sdn Bhd’s (SHCSB) latest project — Seringin Residences — in Kuala Lumpur’s Jalan Klang Lama offers. Some of the condos come with a built-in studio apartment.

SYDNEY: Australian home prices in major cities slipped 0.4% in August, the smallest fall since April, as expectations for interest rate hikes waned, and prices could recover if rates do indeed drop, property consultants RP Data and Rismark said on Friday, Sept 30.

"There's been a big shift in interest rate expectations," said Rismark economist Christopher Joye.

HONG KONG: Singapore-based shopping mall developer CapitaMalls Asia said on Friday, Sept 30 its secondary listing in Hong Kong would begin trade on Oct 18.

No new shares will be issued as a result of the Hong Kong listing, it said in a filing to the Hong Kong bourse.

HONG KONG: Shares of Chinese property developer Evergrande fell by as much as 18% on Friday, Sept 30 in its biggest plunge ever, hit by fears that its September sales could come in worse than expected and continued worries about high debt levels.

PETALING JAYA: Apart from substantial shareholder Tan Sri Liew Kee Sin, S P Setia Bhd's minority shareholders are probably also thinking hard whether to accept Permodalan Nasional Bhd's (PNB) takeover offer of RM3.90 per share.

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) defended its conditional takeover offer for S P Setia Bhd at RM3.90 per share  as "fair and reasonable".