Builder Siab Holdings Bhd is acquiring Taghill Projects Sdn Bhd for RM122 million to be fully satisfied via a combination of RM96 million cash and RM26 million via issuance of Siab shares at an issue price of 13 sen each. Taghill is also a construction company, but is currently serving different clients from Siab.

SkyWorld Development Bhd is committed to achieving a return on equity (ROE) of over 20% for its shareholders going forward.

Noteworthy:

• Freehold
• Built-up size: 2,300 sq ft
• Land size: 1,650 sq ft
• 4 bedrooms, 3 bathrooms
• Semi-furnished
• Nearby amenities: F&B outlets, convenience stores, MyTown Shopping Center, Sunway Velocity,  LRT Bandar Tun Razak, LRT Bandar Tasik Selatan, LRT Cheras
• Accessibility :EKVE highway, NPE highway

May 2023

Noteworthy:

• Freehold
• Built-up size: 1,782 sq ft
• 4 bedrooms, 5 bathrooms
• Unfurnished
• Nearby amenities: Convenience stores, schools, Mid Valley Megamall, The Gardens Mall, LRT Sri Petaling, LRT Bukit Jalil
• Accessibility: Kesas highway, NPE highway

When: March 2023

Loan applications for property purchases rose by 23% month-on-month (m-o-m) in May after a decline of 23% m-o-m in April. 

The 21.41-acre commercial hub will have a gross development value of RM300 million.

The asset comprises a 22-storey purpose-built office building together with the annexed six-storey Telekom Exchange and five level of basement car park, located at Jalan Raja Muda Abdul Aziz.

The group said that via its wholly-owned unit Vestland Resources Sdn Bhd, it has secured the contract from its recurring customer Mercu Majuniaga Sdn Bhd.

Both firms entered into a subscription and shareholders agreement to establish a 50:50 special purpose vehicle (SPV) named Exio Logistics Sdn Bhd.

Located at Bukit Kepayan, the RM79.2 million Cahaya Kristal spreads across 1.6-acre of leasehold land.