AWC falls 3.43% on termination of RM130m govt contract
KUALA LUMPUR (Oct 11): Shares of AWC Bhd fell 3.
Sunway REIT’s acquisition of Sunway Clio for RM340m is ‘fair’, ‘reasonable’
KUALA LUMPUR (Oct 11): Sunway Real Estate Investment Trust’s (Sunway REIT) proposed acquisition of Sunway Clio Property from Sunway Bhd for RM340 million is fair and reasonable, and not detrimental to the minority shareholders, says independent adviser AmInvestment Bank Bhd.
Sunway unit ups stake in Sunway South Quay
KUALA LUMPUR (Oct 11): Sunway Bhd’s subsidiary, Sunway Lagoon Sdn Bhd (SLSB), has proposed to raise its stake in property developer Sunway South Quay Sdn Bhd (SSQ) to 80% from 60%.
AWC’s RM130m TBS maintenance contract terminated
KUALA LUMPUR (Oct 10): After over one year of deference, the RM130 million contract awarded to AWC Bhd by the federal government to maintain the Integrated Transport Terminal in Bandar Tasik Selatan (BTS) has been terminated.
Ibraco pins its future on a strong capital position
Ibraco Bhd (Oct 9, no transaction) Reiterate hold with an unchanged target price of 94 sen: In February, Ibraco Bhd unveiled its first property development outside Sarawak, namely The Continew (GDV: RM415 million) in Kuala Lumpur.
Sanichi plans cash call to raise up to RM99.1m for property development projects
KUALA LUMPUR (Oct 10): Loss-making Sanichi Technology Bhd, whose share price has been on the decline since April, is proposing a rights issue with warrants to raise some RM59.
Vizione bags RM465m affordable homes, shoplots project
KUALA LUMPUR (Oct 10): Vizione Holdings Bhd has bagged a contract worth RM465 million to construct five blocks of affordable homes and 14 shoplots.
Mudajaya bags RM1.16 bil LRT3 job from Prasarana
KUALA LUMPUR (Oct 9): Mudajaya Group Bhd, through its wholly-owned unit Mudajaya Corp Bhd, clinched a contract worth RM1.
UEM Sunrise targets 50% take-up for luxury Dutamas homes by year end
KUALA LUMPUR (Oct 9): UEM Sunrise Bhd is eyeing a 50% take-up rate for the first phase of its latest mixed-use development, Solaris Parq in Dutamas, by the year end, said its managing director and CEO Anwar Syahrin Abdul Ajib today.
OCR launches RM1,900 psf luxury serviced apartment in KLCC
PETALING JAYA (Oct 9): O&C Resources Bhd (OCR) had launched its Isola @ KLCC project along Jalan Yap Kwan Seng — with units carrying a price tag of RM1,900 psf or RM1.
