News about Ong

LSH Capital declared an interim single-tier dividend of 0.

Additionally, it will manage existing commercial facilities, including restaurants and kiosks, while retaining all related income.

The IPO, priced at 88 sen per share, comprises 132 million new shares and an offer for sale of 59 million existing shares, according to the prospectus released on Friday.

A congestion charge is a fee imposed on vehicles entering certain busy areas, usually city centres, to reduce traffic congestion and encourage public transport use.

A majority of KL’s incoming supply of new projects will be priced RM300,001–RM600,000, which is approximately 37% of the total supply.

The proposed IPO involves a public issue of 132 million new shares and an offer for sale of 59 million existing shares at a price to be determined later, according to its draft prospectus filed in October 2024.

“By standardising our designs, we achieve economies of scale.

"The group wants to hit RM2 billion in assets under management “as soon as possible”, said chief executive officer Valerie Ong Pui Shan.

The property is owned by Havana Bayview Sdn Bhd, of which Wong is a director and substantial shareholder.

“Turning KL from a 12-hour city to a 24-hour city, bringing universities and R&D centres, and creating rental housing in the inner city retrofitted from older buildings, could be transformative for KL.