News about ER

KUALA LUMPUR (April 21): Mayland Universal Sdn Bhd is said to be building the last high-rise development in Sri Hartamas.

KUALA LUMPUR (April 20): Sunsuria Bhd has proposed to buy the half it does not own in joint venture (JV) firm Sime Darby Sunsuria Development Sdn Bhd (SDSD) for RM173.

KUALA LUMPUR (April 20): MIDF Research has maintained its “Neutral” rating on the property sector and said that it expects demand for property to remain slow in 2015.

KUALA LUMPUR (April 17): Naim Indah Corporation Bhd is in talks to develop a 32-floor office tower with a gross development value of US$120 million in Yangon, Myanmar, via a joint venture.

KUALA LUMPUR (April 17): OSK Property Holdings Bhd group managing director and CEO Tan Sri Ong Leong Huat conceded that the group had held back some launches last year amid a slower property market as the company waited for better timing to unveil its products.

KUALA LUMPUR (April 16): Eco World Development Group Bhd confirmed it has received a letter of award (LOA) from the Penang Development Corp (PDC) for the development of the proposed Eco Marina Development.

KUALA LUMPUR (April 16): Hektar Asset Management Sdn Bhd, the manager of Hektar Real Estate Investment Trust (REIT), expects to maintain a strong portfolio management in 2015.

KUALA LUMPUR (April 16): Former executive director (ED) of Perdana Parkcity Sdn Bhd which is the developer of the Desa ParkCity project in Kuala Lumpur, Phan Yoke Seng, has joined Berjaya Land Bhd (Bland) as an executive director.

KUALA LUMPUR (April 16): While keeping mum on speculation about a merger between Malaysia Building Society Bhd (MBSB) and Bank Islam Malaysia Bhd, MBSB president and chief executive officer Datuk Ahmad Zaini Othman said a merger with an Islamic financial institution is still on the cards, possibly within this or next year.

S P Setia Bhd (April 15, RM3.