An Expanding Presence in Johor

THE BUZZ

On 9 Sept 2010, SP Setia announced that it would be acquiring 259.1 acres of freehold land within the Tebrau Corridor in South Johor, Malaysia, from a private developer called Kelana Ventures SB. The acquisition is expected to be completed in late 2011. (Bursa)

OUR TAKE

DUBAI: State-owned conglomerate Dubai World reached a formal deal to restructure almost US$25 billion (RM77.6 billion) of liabilities, partly easing recently heightened concerns over the Gulf emirate's debt woes.

FRANKFURT: Bailed-out German bank Hypo Real Estate (HRE) will temporarily receive an additional 40 billion euros (RM159 billion) in guarantees to set up a bad bank, the national bailout fund Soffin said on Friday.

The total volume in guarantees will increase to 142 billion euros to avoid liquidity shortages at HRE, Soffin said.

Like most young couples, Betty and her husband were looking for an affordable landed property as their first home in 2008.

Jalan Ampang in Kuala Lumpur boasts several landmark buildings housing medical and health-and-wellness related services, among them Gleneagles Hospital and the Ampang Puteri Specialist Hospital.

Bukit Jelutong in Shah Alam will soon have a world-class development.

KUALA LUMPUR: Loh & Loh Corporation Bhd and its joint venture partner Sinohydro Corporation Ltd have received the letter of acceptance from Tenaga Nasional Bhd for the RM828.33 million Hulu Terengganu hydroelectric project.

Loh & Loh said on Thursday, Sept 9, work on the project would be within 130 days after the receipt of the letter of acceptance.

KUALA LUMPUR: S P Setia Bhd's unit is buying 259.1 acres of land in Johor for RM169.26 million cash to replenish its land bank as the Setia Indah Johor development was at its tail-end.

S P Setia said on Thursday, Sept 9 its unit Setia Indah Sdn Bhd had entered into a conditional sale and purchase agreement with from Kelana Ventures Sdn Bhd to acquire the land.

KUALA LUMPUR: Mah Sing Group Bhd has proposed to issue up to RM325 million nominal value  seven-year redeemable convertible secured bonds which would be mainly to finance land acquisitions and working capital.

KUALA LUMPUR: The last phase of Sunway Vivaldi, comprising one block of 18 condominium units, was launched over the weekend of Sept 4.