UOA REIT records lower rental income in 1QFY17
KUALA LUMPUR (May 24): UOA Real Estate Investment Trust (REIT)'s first quarter ended March 31, 2017 (1QFY17) net rental income declined by 14% to RM14.
Wing Tai hits limit up on take-over offer
KUALA LUMPUR (May 24): Wing Tai Malaysia Bhd (WTM) shares hit limit up in thin trade this morning after its controlling shareholders offered to take company private at RM1.
Wing Tai general offer seems unattractive
KUALA LUMPUR (May 24): Controlling shareholders of Wing Tai Malaysia Bhd (WTM) want to take the property developer and apparel retailer private at RM1.
‘Setiawangsa-Pantai Expressway alignment still intact’
KUALA LUMPUR (May 24): Ekovest Bhd has come out to say that the alignment of the Setiawangsa-Pantai Expressway (SPE), formerly known as the Duta-Ulu Kelang Expressway Phase 3 (DUKE 3), will not be affected by the recent termination of IWH CREC Sdn Bhd’s purchase of a 60% stake in Bandar Malaysia Sdn Bhd for RM7.
IGB Corp 1Q profit jumps 122%, helped by divestment gains
KUALA LUMPUR (May 23): IGB Corp Bhd's net profit jumped 122% in the first financial quarter ended March 31, 2017 (1QFY17) to RM115.
Wing Tai gets take-over offer at RM1.80 a share
KUALA LUMPUR (May 23): Wing Tai Malaysia Bhd (WTM) has received a voluntary take-over offer from Wing Tai Holdings Ltd (WTH) and Wing Tai Investment & Development Pte Ltd (WTID) for a cash offer of RM1.
CIDB acts against contractor for site safety negligence
PETALING JAYA (May 22): Construction Industry Development Board of Malaysia (CIDB) has taken legal action against the main contractor of KL Eco City development in Bangsar, Kuala Lumpur, for safety negligence in the collapse of a link bridge that caused the death of a site worker.
Industry veterans receive BOVAEA recognition
PETALING JAYA (May 22): The Board of Valuers, Appraisers and Estate Agents Malaysia (BOVAEA) has honoured three veterans in the real estate industry at its annual BOVAEA Awards, in recognition of their contributions in the fields of property valuation, property management and real estate.
Why Singapore buildings look perpetually new
Mei (not her real name) had never given a second thought to her apartment block’s appearance until a visit from a Singaporean friend.
Pua lambasts Bandar Malaysia development as lacking direction
KUALA LUMPUR (May 19): Opposition lawmaker Tony Pua has lambasted Prime Minister Datuk Seri Najib Razak for making up plans for Bandar Malaysia as he goes along, and criticised the development as one that “lacked any direction”.
