News about China

SINGAPORE (Oct 12): The manager of CapitaLand China Trust (CLCT) is planning to acquire four assets in China worth close to S$298 million (RM915 million), reported Business Times Singapore.

KUALA LUMPUR (Oct 5): CORE Residence @ TRX has achieved a 70% take-up rate for Tower 1 and Tower 2, with units being taken up by customers from more than 20 Asian countries.

HONG KONG (Oct 4): China Evergrande is looking at disposing of 50% of its stake in its property management unit to Hopson Development for US$5 billion (RM20.

KUALA LUMPUR (Sept 29): Up to 1,822 Malaysia My Second Home (MM2H) participants left the country for good between 2015 and 2019, Malaysiakini reported findings in the Auditor-General's Report 2019 Series 2.

KUALA LUMPUR (Sept 16): Yong Tai Bhd has received backing from its new partners from China to resume development of its 100-acre land “Impression City” in Melaka, following a delay due to the Covid-19 pandemic.

PETALING JAYA (Sept 13): Japanese electronic giant Toshiba will be closing its 30-year-old production facility in Dalian, China, by the end of September this year, reported South China Morning Post (SCMP) on Sept 9.

KUALA LUMPUR (Sept 2): Mega China developer Country Garden Holdings has reduced “its workforce and sales team” in Malaysia “by two-thirds over the past two years,” according to a report by the South China Morning Post (SCMP).

KUALA LUMPUR (Aug 18): Batu Kawan Bhd’s net profit for the third quarter ended June 30, 2021 (3QFY21) soared 81.

KUALA LUMPUR (Aug 18): China is known for building mega projects and machinery these days and it has added another to the list with central District Cooling System (DCS) that covers more than 2.

PETALING JAYA (Aug 13): Malaysia-China Chamber of Commerce (MCCC) has lauded the reactivation of the Malaysia My Second Home (MM2H) Programme but expressed reservation on the new stringent terms imposed.