Hektar REIT to pay income distribution a day earlier

KUALA LUMPUR (Sept 11): Hektar Real Estate Investment Trust (Hektar REIT) announced it will pay the second interim income distribution together with an advance income distribution for July and August, totalling 4 sen per unit on Sept 21, a day earlier than the scheduled Sept 22.

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Hektar REIT banks on turnover lease

KUALA LUMPUR (Sept 11): Turnover rent structure has helped Hektar Real Estate Investment Trust (Hektar REIT) to manage rental pressures amid a weak retail environment coupled with the overbuilding of malls in the Klang Valley.

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Yong Tai eyes up to 40% revenue from tourism business

KUALA LUMPUR (Aug 28): Property developer Yong Tai Bhd expects its tourism business segment to contribute up to 40% of its revenue starting financial year ending June 30, 2019 (FY19), with the property development business segment taking up the rest.

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Cemented by decades of love

Kerjaya Prospek Group Bhd’s Datuk Tee Eng Ho and Datin Toh Siew Chuon Kerjaya Prospek Group Bhd, previously named Fututech Bhd, is headed by Datuk Tee Eng Ho and his brother Eng Seng, who are currently the company’s executive chairman and executive director, respectively.

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Co-Prosperity increases stake in Yong Tai to 31.34%

PETALING JAYA (Aug 2): Tourism and cultural property developer Yong Tai Bhd has seen its major shareholder Co-Prosperity Holdings Ltd increase its stake in the former via a private placement exercise ahead of the Impression Melaka theatre’s scheduled opening in February 2018.

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