News about PRIMA

The development land was acquired by Magna Prima's wholly-owned subsidiary Twinicon (M) Sdn Bhd from Lai Meng Girls School Association in 2014 for RM148.

Magna Prima saw its share price jump to a three-year high of 76 sen last Thursday before declining on Friday.

In a reply to the stock market regulator's unusual market activity (UMA) query, Magna Prima said the company and its subsidiaries have been continuously on the lookout for opportunities to strengthen its financial position.

In a bourse filing on Tuesday (Aug 22), Magna Prima said it had on Tuesday inked a sale and purchase agreement with Lee Shu Shun for the proposed acquisition.

TAFI Industries said its wholly owned subsidiary TAFI Home & Office Sdn Bhd (formerly known as Home & Office Furniture Sdn Bhd) accepted a turnkey construction contract awarded by Magna Park Sdn Bhd, an indirect wholly owned unit of Magna Prima.

KUALA LUMPUR (July 16): Malakoff Corp Bhd is buying a parcel of leasehold industrial land in Klang from Media Prima Bhd for RM25 million.

KUALA LUMPUR (July 10): There is no question that Media Prima is paying a high premium to repurchase Balai Berita (pictured) at an implied land cost of RM1,000 psf, The Edge Malaysia stated in a report this week.

KUALA LUMPUR (July 3): Media Prima Bhd is paying RM156.

LONDON (June 14): The owner of the UK high-end department stores Selfridges & Co is mulling to let go of the business after receiving an unsolicited approach valuing it at £4 billion (RM23 billion), reported Evening Standard.

KUALA LUMPUR (April 19): Magna Prima Bhd is disposing of a four-storey commercial building in Kuala Lumpur for RM56 million, which the property developer will use to help settle its debts.