The group said the acquisition, which is expected to be completed by the second quarter of 2022, will enable it to diversify and tap into the water infrastructure construction works, which it noted are complementary to its existing property development business and CHCSB's construction business.

Noteworthy:

● Freehold
● Built-up: 5,154 sq ft
● Three bathrooms
● Unfurnished
● Amenities: public transportation within walking distance to LRT Kinrara BK5, highway access via Lebuhraya Bukit jalil, 12-min drive to Pavilion Bukit Jalil, 9-min drive to IOI Mall Puchong.

When: November 2021

“This is in line with our strategy to optimise MLT’s portfolio and future-proof our assets through asset rejuvenation,” said chief executive officer of MLT’s manager Ng Kiat.

Quarterly revenue slipped 5.83% to RM41.38 million, from RM43.95 million a year earlier, primarily due to lower contributions from the group's gaming and property investment business segments.

In a filing, the group said the new ICPs have a tenure of nine months and will mature on Nov 15, 2022, while the new IMTNs have a tenure of three years and will mature on Feb 14, 2025.

In a statement, MARC said the revised outlook reflects its increasing concern over the rise in Tropicana's borrowings, which stood at RM4.5 billion (including the outstanding perpetual sukuk) as at end-September 2021 from RM2.8 billion when the initial rating was assigned in April 2020

Noteworthy:

• Freehold

• Built-up: 75,700 sq ft

• Five bathrooms

• Fully furnished

• Accessibility to KESAS highway and Elite highway.

When: May 2021

NWP Resources had defaulted on payment of outstanding rentals from October 2021 to February 2022, as well as service charges and default interest totaling RM2.6 million for the premise in Block A, Desa Commercial Centre, on Feb 8. 

In a statement, central region executive director Chong Sau Min said the participating projects for the campaign include Sunway Artessa and Sunway d’hill Residences, with the others being Sunway Belfield, Sunway Velocity TWO and Sunway Serene. “With the campaign, we look forward to welcoming new residents to our new norm developments that are in high-growth areas to yield the best capital appreciation.”

These new types of buyers are mostly coming from non-conventional backgrounds such as start-ups and cryptocurrency among others with ages ranging between late 30s to 40s.