Ho Hup Construction calls off RM136m rights issue

KUALA LUMPUR (Oct 13): Ho Hup Construction Co Bhd has called off a RM136 million cash call after the extension of time to implement the corporate exercise lapsed, adding that it will explore alternative options to fund its construction and property development projects.

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Housing glut in Iskandar Malaysia no big issue in the long term

PETALING JAYA (Oct 6): Although there may be a surplus of residential properties in the Iskandar Malaysia region in the short term, it is not a big issue in the long run as the economic zone aims to have about 600,000 to almost 700,000 houses by 2025, said Iskandar Regional Development Authority vice-president of planning and compliance Sakurah Jamaluddin.

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