News About MC
PETALING JAYA (Feb 24): The disputed RM1.1 billion mixed-use development in Section 13 here by Star Media Group – which publishes The Star English daily – and pipe-maker JAKS Resources Bhd’s 51%-owned subsidiary JAKS Island Circle Sdn Bhd stems from a contentious joint development agreement (JDA) struck in 2010, reported The Edge weekly.
SYDNEY (Feb 22): Australian shopping mall giant Westfield reaffirmed its support Thursday for a takeover by French firm Unibail-Rodamco as it announced a jump in full-year net profit.
PETALING JAYA (Feb 17): The first subsidiary management corporation or sub-MC in Malaysia is set to be formed at the 1 Mont’ Kiara mixed-use stratified development. The proposal to form the sub-MC by the 1 Mont’ Kiara Dan Kiara 2 Management Corporation has received the required agreement from two thirds of the aggregate share units in the development, thus paving the way for the formation of the sub-MCs. The poll result was made official at an EGM held on Feb 5 at the 1 Mont’ Kiara mixed-use stratified development.
PETALING JAYA (Feb 6): More tech and fast moving consumer goods (FMCG) companies are leasing more spaces in both the central business district and decentralised locations in Greater KL, said JLL managing director and country head and Malaysian Institute of Estate Agents (MIEA) member YY Lau.
KUALA LUMPUR (Feb 5): Transport Minister Datuk Seri Liow Tiong Lai has dismissed claims by Penang Chief Minister Lim Guan Eng that Barisan Nasional (BN) leaders in Penang were trying to sabotage the state's proposed RM6.3 billion project to build three expressways and an undersea tunnel linking Penang island to the mainland.
KUALA LUMPUR (Feb 5): MCT Bhd shareholders have been told to reject the takeover bid launched by Philippines-based property developer Ayala Land Inc's unit Regent Wise Investments Ltd, which has been deemed "not fair and not reasonable" by independent adviser Kenanga Investment Bank Bhd (Kenanga IB).
PETALING JAYA (Jan 12): There needs to be clarification on certain issues arising from the new property managers regulations under the recently-amended Valuers, Appraisers, Estate Agents and Property Managers Act 1981, said lawyer Chris Tan.