Ikhmas Jaya to resume growth trajectory
Ikhmas Jaya Group Bhd (May 3, 72 sen) Maintain buy with an unchanged target price of 76 sen: Ikhmas Jaya Group Bhd has announced that it on Tuesday agreed and accepted the terms and conditions of a letter of award from Pelaburan Hartanah Bhd to carry out site clearance, earthworks, piling (bore) and pile cap works for a shopping complex in Terengganu worth RM62.
Trading in IWCity shares suspended until Friday
KUALA LUMPUR (May 4): Trading in the shares of Iskandar Waterfront City Bhd (IWCity), which succumbed to some selling pressure in the afternoon yesterday, has been suspended this morning until Friday, IWCity told Bursa Malaysia today.
Bandar Malaysia agreement with IWH CREC lapses, opens to new expressions of interest
KUALA LUMPUR (MAY 3): The master developer of Bandar Malaysia, TRX City Sdn Bhd, has today announced that the share sale agreement (SSA) with Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC) – who on July 21, 2016 assigned its benefits and responsibilities to IWH CREC Sdn Bhd – regarding the sale of 60% of the issued and paid-up capital of Bandar Malaysia Sdn Bhd, has lapsed.
Exposure to improving US office market makes this a winning REIT
SINGAPORE (May 3): DBS is maintaining its “buy” call on Manulife US REIT (MUST) with a higher target price of US$1.
I-Bhd plans new launches worth RM5.3 bil
SHAH ALAM (May 3): Property developer I-Bhd is planning to launch properties worth some RM5.
Former mosque chairman, secretary in remand over sale of endowment land
MELAKA (May 3): Two former officials of a mosque committee here are in remand for four days beginning today to facilitate investigation into the sale of the mosque's endowment land half a decade ago, Bernama reported today.
Oxley positions Batam as a convention city
A strategic location and great connectivity to three major cities — Singapore, Jakarta, and Kuala Lumpur — has made Batam an alluring destination for MICE (meetings, incentives, conferences and events).
Anzo appointed main contractor for Phase 2 of Porto De Melaka Hotel
KUALA LUMPUR (May 2): Anzo Holdings Bhd said its wholly-owned subsidiary Harvest Court Construction Sdn Bhd (HCCSB) has been appointed the main contractor for Phase 2 of the Porto De Melaka Hotel and Resort development in Melaka.
