In a bourse filing, ES Ceramic said the acquisition will be satisfied via a combination of RM65 million cash and the remaining RM18 million will be paid in the form of new ES Ceramic shares, at an issue price of 32 sen per share.

Maybank IB analyst Yin Shao Yang said in a note that he understands that business at RWG has slowed from March due to the Omicron wave, and RWG has reopened only half of its about 10,000 rooms despite being allowed to reopen all from April 1.

The deal, totalling RM136 million, will finance the Phase 1 of the J. Satine development in Setapak, Kuala Lumpur, which comprises 2,068 units of affordable residential apartments under the Residensi Wilayah Keluarga Malaysia programme.

The aurora borealis, also known as the elusive northern lights, is a dazzling natural display of colourful light waves that have drawn skywatchers to Earth’s northern and southern poles. 

In a statement on Friday (April 29), the property developer said it aims to become a stronger proponent of workplace safety and health in the property development industry in Malaysia.

Occupying a 5.28-acre freehold parcel, Jernih Residence will offer 1,605 serviced apartment units in two blocks and 41 retail units on Levels 1 and 2. The residential units will come in four sizes — ranging from 550 to 850 sq ft — and are priced from RM270,000, or an average of RM500 psf. Most units, except some 850 sq ft units, will have one parking bay each.

Transport Minister Datuk Seri Dr Wee Ka Siong said the project would also help reduce the travelling time between the east and west coasts of the peninsula, from more than seven hours to around four hours.

Noteworthy:

• Freehold

• Built-up: 2,143 sq ft

• Land size: 3,648 sq ft

• Semi-furnished

• Four bedrooms, three bathrooms

• Amenities: Shoplots, public park, a basketball court and schools

• Accessibility: Lebuhraya Damansara-Puchong, SPRINT Expressway and nearby TTDI MRT station

When: December 2021

Their recent purchase is the Faring Estate located in Holmby Hill, Los Angeles at a price of US$49.5 million, according to TopTenRealEstateDeals.com.

Noteworthy:

• Freehold

• Built-up: 1,668 sq ft

• Fully furnished

• Three bedrooms, three bathrooms

• Facilities: 58m infinity pool, Jacuzzi, kid’s pool, sauna and steam room, gym, dance studio, barbecue terrace, outdoor lounge, and function room with outdoor terraces

• Amenities: Link bridge to Pavilion KL shopping mall, 3km away from Suria KLCC, Prince Court Medical Centre and Bukit Bintang shopping belt

When: December 2021