Ekovest in free fall after Bandar Malaysia deal aborted
KUALA LUMPUR (May 4): Ekovest Bhd, a construction firm linked to Iskandar Waterfront Holdings Sdn Bhd (IWH) via Tan Sri Lim Kang Hoo, saw its share price open 42 sen or 29.
IWH CREC disputes TRX City’s claims over lapsed Bandar Malaysia stake sale deal
KUALA LUMPUR (May 3): IWH CREC Sdn Bhd, a 60:40 joint-venture between Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC), has disputed claims by TRX City Sdn Bhd over the sale of a 60% equity interest in Bandar Malaysia Sdn Bhd.
Strata problem brewing for Forest City
With a gross development value exceeding RM100 billion over 20 years, Forest City by Country Garden Holdings Co in Johor boasts of being the largest mixed-use green development in Southeast Asia.
Anzo appointed main contractor for Phase 2 of Porto De Melaka Hotel
KUALA LUMPUR (May 2): Anzo Holdings Bhd said its wholly-owned subsidiary Harvest Court Construction Sdn Bhd (HCCSB) has been appointed the main contractor for Phase 2 of the Porto De Melaka Hotel and Resort development in Melaka.
Johor-Singapore Rapid Transit System by 2022
JOHOR BAHRU (MAY 2): The Iskandar Regional Development Authority (IRDA) is in the final stages of discussions on the Johor-Singapore Rapid Transit System (RTS).
CapitaLand Commercial Trust to divest One George Street into 50%-held JV partnership for S$84.6 mil
SINGAPORE (May 2): The trustee manager of CapitaLand Commercial Trust (CCT) has entered into an agreement to divest One George Street into a concurrently-formed limited liability partnership – One George Street LLP (OGS LLP), which CCT has established with joint venture partner OGS (II), a special purpose vehicle owned by insurer FWD Group.
East Bank by Psaros to be completed by September 2018
PETALING JAYA (April 29): Psaros Development Pty Ltd, a subsidiary of Psaros Group, has partnered United Overseas Australia Ltd (UOA Ltd) to develop the East Bank by Psaros apartment project in Perth, Australia.
Six questions to ask at Sabana REIT’s EGM today
SINGAPORE (April 28): Unitholders of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust will vote today on booting out the REIT’s manager, and perhaps winding up the whole entity.
Best Western Premier Ion Delemen Hotel in Genting Highlands officially opens
PETALING JAYA (April 28): The Best Western Premier Ion Delemen Hotel in Genting Highlands, Pahang was officially opened on April 26.
Mapletree Logistics Trust announces 3% rise in 4Q DPU to 1.86 cents
SINGAPORE (April 27): The manager of Mapletree Logistics Trust (MLT) has declared a distribution per unit (DPU) of 1.
