KUALA LUMPUR (Feb 10): Property developer Mahajaya Bhd has received a notice of conditional takeover from a group of joint-offerors, made up from its major shareholders, to acquire the remaining 75.56 million shares representing a 27.57% stake they do not own in the company at 85 sen each. The offer valued the whole of Mahajaya at RM232.9 million.

KUALA LUMPUR (Feb 10): Berjaya Land Bhd (BLand) sold 18.301 million shares or a 1.37% stake in Berjaya Sports Toto Bhd (BToto) on Thursday for a total cash consideration of RM79.61 million or RM4.35 per share.

In a statement to Bursa Malaysia, BLand said the net proceeds from the disposal will be utilised as working capital and repayment of bank borrowings of the BLand group.

KUALA LUMPUR (Feb 10): Malaysian steel companies were not spared from plummeting steel prices in the last quarter of 2011.

"The prices will definitely affect the earnings during that period," said a MIDF Research analyst, who covers the sector, when contacted by The Edge Financial Daily.

Pavilion REIT (Feb 9, RM1.16)

Malaysia Building Society Bhd (Feb 9, RM2.13)

KUALA LUMPUR: With low prices, growing urbanisation, a young population and consistent national GDP growth of 7% to 8% annually over the past few years, India’s property market may offer good investment opportunities for Malaysians, according to a wealth management company marketing Indian properties.According to Vishal Gupta, managing director of Sumo Global Wealth Management (SGWM), Malaysian

PETALING JAYA: Dijaya Corp Bhd plans to launch products in at least two of its new mixed development projects in the Klang Valley this year.One of the mixed developments is Tropicana Gardens located in its 400-acre (161.8ha) Tropicana Indah development in Petaling Jaya, managing director Datuk Tong Kien Onn said.Tropicana Gardens has a gross development value (GDV) of RM1.8 billion and will tak

PETALING JAYA: The first national-level Malaysian Property Exposition for 2012 (Mapex) organised by the Real Estate and Housing Developers Association (Rehda) has been aptly themed “Home and Abroad” as for the first time, foreign property developers will also showcase their projects to the Malaysian public.The foreign developers exhibiting at Mapex 2012, to be held next month, include those fro

CYBERJAYA: Suntrack Development Sdn Bhd is confident that its latest project Suntrack HUB @ Bangi, an industrial development in the 500-acre (202.34ha) Bangi Industrial Park in Bandar Baru Bangi, will do well considering the lack of supply of medium-sized industrial units in the area.

SINGAPORE: Jones Lang LaSalle’s year-end 2011 Global Capital Flows report shows there was US$410.6 billion (RM1.24 trillion) of direct commercial real estate investments globally in 2011, a 28% increase over 2010.