News about MP

IN less than two years, Singapore-based Lee Rubber Co (Pte) Ltd has divested itself of at least four assets in Malaysia, namely in Johor, Kuala Lumpur and Penang.

PETALING JAYA (Feb 11): WZR Property Sdn Bhd will be launching two new phases of its Bukit Jalil development — The Earth, by the end of next month, according to the company’s director of development Ibrahim Rahmad.

AS connectivity and infrastructure improve and the rental gap between Kuala Lumpur’s central business district (CBD) and city fringe narrows, more companies may move into or relocate to the CBD.

A POLICY change that came into effect on the first day of this year required employers to pay the foreign worker levy.

O&C Resources Bhd may be a new player in the property development industry but it is ready to make a name for itself.

  PROPERTY developer and asset manager Mammoth Empire Holdings Sdn Bhd has signed on the dotted line to sell its flagship Empire Shopping Gallery in Subang Jaya, Selangor, to Pelaburan Hartanah Bhd (PHB) for RM570 million cash.

THE Employees Provident Fund (EPF) has scrapped its plan to buy Quill City Mall in Jalan Sultan Ismail, Kuala Lumpur, from the Quill Group of Companies as the shopping centre has not met the preconditions stated in the sales and purchase agreement (SPA).

KUALA LUMPUR (Feb 3): AmInvestment Bank Research, which issued an unrated report on Batu Kawan Bhd, sees the stock as an undervalued gem.

KUALA LUMPUR (Jan 31): Kepong Industrial Park Group, better known as KIP Group has seen 80% of the non-bumi units at its 8scape Residences development in Taman Sutera, Johor Bahru sold.

A PIONEER of eco-themed township developments in the country, S P Setia Bhd plans to unveil the next component of the first phase of its Setia Eco Templer project in Rawang this quarter.