KUALA LUMPUR (Sept 13): Datuk Tony Tiah Thee Kian, who launched a mandatory takeover offer (MGO) for TA Enterprise Bhd at 66 sen per share in July, has failed to garner the required acceptance from minority shareholders which would have given him control of over 50% of the total voting shares in the group.
KUALA LUMPUR (May 25): Bina Puri Holdings Bhd has proposed to raise up to RM29.
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.
KUALA LUMPUR (Jan 18): TA Securities Research has maintained its “Underweight” rating on the property sector, as “weak market sentiment, increasing supply and tight lending environment are expected to weigh on property sales”.
KUALA LUMPUR (July 14): Bank Negara Malaysia’s unexpected move to cut the overnight policy rate (OPR) by 25 basis points (bps) to 3% yesterday is not enough to revive property sales, according to TA Securities Research.
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