Axis REIT placement shares fixed at RM1.72
KUALA LUMPUR (Nov 1): Axis Real Estate Investment Trust has fixed the issue price for the placement of 160.
Sunway acquires three student accommodations in the UK for RM203m
KUALA LUMPUR (Nov 1): Sunway Bhd is buying three purpose-built student accommodations in the UK, collectively worth some RM202.
Sunway acquires three student accommodations in the UK for RM203m
KUALA LUMPUR (Nov 1): Sunway Bhd is buying three purpose-built student accommodations in the UK, collectively worth some RM202.
Gamuda, MoF Inc extend highway takeover details for another two months
KUALA LUMPUR (Nov 1): The details of the proposed acquisition of four Gamuda Bhd toll concessionaires, which were supposed to be finalised yesterday between the company and the government, has been extended for another two months, with the latest completion date set no later than March 31 next year, according to the company.
Jho Low in UAE, has asylum in third country
PETALING JAYA (Oct 31): The key figure in the 1Malaysia Development Bhd scandal Low Taek Jho, better known as Jho Low, is currently in the United Arab Emirates and and has obtained asylum in another country on the basis of human rights and political persecution, legal sources told The Malaysian Insight (TMI).
Court fixes Dec 16 to mention Goldman's alleged conduct of misleading investors in 1MDB bond issuance
KUALA LUMPUR (Oct 31): The High Court has fixed Dec 16 as the next case mention date for charges (change to summons) against three Goldman Sachs entities in the latter's alleged conduct of misleading investors in the issuance of three 1MDB bonds.
Jho Low confirms asset settlement with US, maintains innocence
KUALA LUMPUR (Oct 31): Fugitive businessman Low Taek Jho confirmed today he has reached a landmark comprehensive, global settlement with the US government to resolve the US' civil and criminal actions relating to his assets.
US reaches settlement to recover more than US$700m in assets allegedly traceable to corruption involving 1MDB
PETALING JAYA (Oct 31): The Department of Justice has reached a settlement of its civil forfeiture cases against assets acquired by Low Taek Jho, aka Jho Low, and his family using funds allegedly misappropriated from 1Malaysia Development Berhad (1MDB), Malaysia’s investment development fund, and laundered through financial institutions in several jurisdictions, including the United States, Switzerland, Singapore and Luxembourg.
Rehda Selangor in favour of lower foreign buyer threshold
PETALING JAYA (Oct 30): The Selangor branch of Real Estate and Housing Developers’ Association (Rehda) is in favour of the state reducing the threshold price for foreigners buying high-rise properties, and is currently in discussions with the state government, according to its chairman Zulkifly Garib.
DONE DEAL: 1½-storey industrial unit, Taman Perindustrian Sungai Penaga, Subang Jaya, Selangor
Sold for: RM970,000 (average RM365.
