News about M

This week, we continue to look at developments that link themselves to prominent addresses.

SHAH ALAM (Dec 30): Only World Group Holdings Bhd (OWG), which aims for a 50% growth in revenue this financial year ending June 30, 2016 (FY16), expects to seal an investment deal “in the next couple of months”.

KUALA LUMPUR (Dec 29): 1Malaysia Development Bhd (1MDB) is near to sealing an agreement with a prospective partner to sell 60% of its shares in Bandar Malaysia Sdn Bhd before the year ends.

Eversendai Corp Bhd (Dec 28, 79 sen) Downgraded from hold to sell with a target price of 82 sen: The consortium of Samsung C&T Corp and UEM Group Bhd has secured the KL118 Tower project from the project owner, Permodalan Nasional Bhd, at a contract sum of RM3.

KUALA LUMPUR (Dec 29): Ewein Bhd has proposed to acquire 4.

KUALA LUMPUR (Dec 29): Konsortium Transnasional Bhd (KTB) is disposing of a 0.

THE most anticipated property deal is the sale of Bandar Malaysia — the 486-acre township planned at the site of the old Sungai Besi airport.

KUALA LUMPUR: Ewein Bhd, which is currently jointly developing the RM800 million City of Dreams condominium project in Bandar Tanjong Pinang, Penang with Consortium Zenith BUCG Sdn Bhd (CZBUCG), is expected to sign the sale and purchase (S&P) agreement for the second parcel of land there on Monday.

KUALA LUMPUR (Dec 22): LTKM Bhd is selling a piece of freehold industrial land measuring 21,284 sq metres together with a factory in Kapar, Klang, for RM26 million, cash, to unlock the property's value and use the proceeds to acquire future strategic landbank.

KUALA LUMPUR (Dec 22): FCW Holdings Bhd said the 368 Residences project, which will be jointly developed with IJM Land Bhd on a 50:50 basis, will see its first phase launched in the third quarter of 2016.