KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) will lead the development of most of the government land, particularly in the Klang Valley, with a view to ensuring returns to the government are maximised, said sources.

Malaysian Resources Corp Bhd

Below expectation

Highlights:

Getting There

Comments

KUALA LUMPUR: Malaysia Steel Works (KL) Bhd (Masteel) has proposed a renounceable rights issue of up to 107.07 million five-year warrants at an indicative issue price of 20 sen each on the basis of one warrant for every two exi

KUALA LUMPUR: Property developer Bolton Bhd has signed a RM195 million syndicated banking facility with three banks to fund its expansion plan over the next three to five years.

The lenders -- Affin Investment Bank Bhd, Affin Bank Bhd and OCBC Bank (Malaysia) Bhd, have committed to provide RM170 million of term loan facility and RM25 million of revolving credit facility.

KUALA LUMPUR: AEON Co (M) Bhd is looking at new retail formats, such as its smaller neighbourhood shopping centre in Mahkota Cheras, to meet the market demand.

Its chairman, Datuk Abdullah Mohd Yusof said this new concept centres along with its future shopping complexes would help increase its revenue amid the stiff competition in the retail market.

KUALA LUMPR: Tesco Stores (M) Sdn Bhd expects its six new stores in Malaysia to contribute 15% to its revenue in the financial year ending Feb 28, 2011, its Chief Executive Officer Tjeerd Jegen said.

The hypermarket operator registered a revenue of RM3.5 billion in the 2009/2010 financial year.

SHANGHAI: China’s housing market, the most heated sector contributing to a potential bubble, has started showing some signs of cooling, according to Thomson Reuters Proprietary Research on China’s market.