Impiana Hotels Bhd has appointed Datuk Seri Lee Hock Seng as its executive director effective Wednesday, and will subsequently designate Lee as its deputy executive chairman.
Just over a month after completing a private placement exercise earlier this year, Aneka Jaringan Holdings Bhd has proposed to undertake another such cash call to raise RM15.51 million to fund its ongoing construction projects.
RHB Investment Bank (RHB IB) Research has maintained its "overweight" rating on the construction and engineering sector and said it remains upbeat on the construction sector, premised on the lifting of the political overhang post state elections.
Singaporean MeGroup’s Malaysian subsidiary Menang Nusantara Sdn Bhd (MNSB) has acquired a property at Lot 16, Jalan 3, Kawasan Perusahaan Cheras Jaya at Balakong, Selangor for RM16.2 million (S$4.7 million).
YTL Hospitality Real Estate Investment Trust (YTL Hospitality REIT) is acquiring Hotel Stripes Kuala Lumpur, Autograph Collection for RM138 million cash, in a related party transaction (RPT).
Noteworthy:
When: March 2023
Paramount Corp Bhd said it expects to report stronger earnings for the second half ending Dec 31, 2023 (2HFY2023), driven by new launches and ongoing efforts to improve its return on assets.
Eco World Development Group Berhad has entered into a conditional sale and purchase agreement with IOI Prima Property Sdn Bhd to acquire 403.78 acres of land located in Mukim Senai, Daerah Kulai, Negeri Johor for a purchase consideration of RM211.065 million to be settled in cash.
Tropicana Metropark has rolled out its SouthPlace 2 Shoppes & Residences at Subang Jaya, an 88-acre master development by Tropicana Corp Bhd, which will also be home to the upscale supermarket Mercato.
S P Setia held its second Setia4Malaysia Unity Run this year in Kota Kinabalu, Sabah on Sunday (Sept 3) as part of the Malaysia Day celebrations and to spread the spirit of unity in East Malaysia.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
