Mofaz seeks to list construction unit in 3 years

KUALA LUMPUR (Jan 15): The Mofaz group of companies has set out towards what would be its maiden listing in at least three years’ time via its property and construction business after acquiring a majority stake in a Chinese family-owned contractor.

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LBS Bina sets up RM500m sukuk programme

KUALA LUMPUR (Dec 15): LBS Bina Group Bhd will set up a RM500 million Sukuk Murabahah programme to finance future acquisitions and development cost of the projects undertaken by the group, to repay borrowings, as well as for working capital.

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More build-to-suit projects to come — Axis REIT

KUALA LUMPUR (Dec 4): Taking on its first build-to-suit project last year after obtaining a waiver from the Securities Commission Malaysia to undertake property development activities has whet Axis Real Estate Investment Trust’s (Axis REIT) appetite for more.

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EcoWorld unit issues RM250 mil five-year MTNs

KUALA LUMPUR (Aug 15): Eco World Development Group Bhd’s (EcoWorld) wholly-owned unit, Eco World Capital Assets Bhd (EWCA), has raised RM250 million via the issuance of unrated medium term notes (MTNs) with the said nominal value.

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On bringing down property prices

Continues from: On IBS as the way to reduce cost ‘Every stakeholder has to play his or her part, not just developers’ Chong: We really need help from the government to reduce cost and prices.

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