News about Malaysia

KUALA LUMPUR (Dec 21): Mitrajaya Holdings Bhd has bagged a RM159.

KUALA LUMPUR (Dec 19): The strategic collaboration between Amanah Raya Bhd and Japan’s largest independent real estate asset management company Kenedix Inc, will enhance its real estate investment trust (REIT) segment and double the fund size or asset value of AmanahRaya REIT (ARREIT) from RM1 billion to RM2 billion, within three to five years.

KUALA LUMPUR (Dec 19): TRIplc Bhd rose as much as 29 sen or 14% on news Puncak Niaga Holdings Bhd is purchasing the entire stake in TRIplc for RM210 million cash.

KUALA LUMPUR (Dec 15): Property developer JKG Land Bhd proposes a rights issue of 1.

KUALA LUMPUR (Dec 16): The weak ringgit against the US dollar is not expected to have a major impact on the construction of Ekovest Bhd’s Setiawangsa-Pantai Expressway (SPE), formerly known as the Duta-Ulu Kelang Expressway (DUKE) Phase 3.

KUALA LUMPUR (Dec 15): KUB Malaysia Bhd said the mutual termination of the RM1.

KUALA LUMPUR (Dec 14): The Greater Kuala Lumpur development has been deemed as being negative for the property sector and real estate investment trusts (REITs) by Hong Leong IB Research.

PETALING JAYA (Dec 13): The founder and chairman of The Mines Resort Bhd and Country Heights Holdings Bhd Tan Sri Lee Kim Yew has successfully raised more than RM2 million for charity by putting up his own bungalow collection through private auction.

Eco World Development Group Bhd (Dec 9, RM1.

KUALA LUMPUR (Dec 13): While the spike in Malaysian Government Securities (MGS) 10-year yield has made real estate investment trusts (REITs) relatively less attractive, analysts said the fundamentals of REITs are still intact and are still commanding a premium over MGS yields.