Sime Darby Property’s foreign shareholding rises for second consecutive month
KUALA LUMPUR (June 10): Sime Darby Property Bhd’s foreign shareholding rose for the second consecutive month to 9.
PNB to take Amanah Harta Tanah private at RM1 per unit
KUALA LUMPUR (Sept 19): Permodalan Nasional Bhd (PNB) intends to take Amanah Harta Tanah PNB (AHP) private via a selective unit redemption (SUR) exercise, in which the minority unitholders will receive RM1 per unit.
Al-Salam REIT to acquire Mydin in Terengganu for RM155m
KUALA LUMPUR (Oct 4): Al-Salam Real Estate Investment Trust (REIT), via its trustee Amanahraya Trustees Bhd, is planning to buy the Mydin hypermarket in Gong Badak, Terengganu, for RM155 million.
‘S P Setia-I&P viability hangs on execution’
KUALA LUMPUR (April 17): The viability of Permodalan Nasional Bhd’s (PNB) move to merge two of its biggest property companies, S P Setia Bhd and I&P Group Sdn Bhd, depends on the way the synergy is executed, says a fund manager.
S P Setia and I&P Group can source land from PNB, says Wahid
KUALA LUMPUR (April 14): PNB Development Sdn Bhd, a subsidiary of Permodalan National Bhd (PNB) group can be a source for S P Setia Bhd and I&P Group Sdn Bhd to expand their landbank for future projects, said PNB group chairman Tan Sri Abdul Wahid Omar.
S P Setia to buy I&P Group from PNB
KUALA LUMPUR (April 14): S P Setia Bhd, Permodalan Nasional Bhd (PNB) and Amanahraya Trustees Bhd (as trustee for Amanah Saham Bumiputera) have entered into a non-binding Memorandum of Intent to commence negotiations on the proposed acquisition of I&P Group Sdn Bhd by S P Setia.
