Axis REIT to buy Bukit Raja property for RM37m

KUALA LUMPUR (Dec 25): Axis Real Estate Investment Trust (Axis REIT) is acquiring a piece of land siting two blocks of factory and a double-storey office building at the Bukit Raja Industrial Area, Selangor from Lion Steelworks Sdn Bhd for RM37 million – about 5% lower than its market value.

READ MORE

ASM Development countersues Econpile for almost RM346m

KUALA LUMPUR (Dec 23): Property developer ASM Development (KL) Sdn Bhd (ASMDKL), a unit of Maju Holdings Sdn Bhd, has countersued Econpile Sdn Bhd, a subsidiary of Econpile Holdings Bhd, for almost RM346 million for its failure to carry out work at its Maju Kuala Lumpur project, in response to a suit filed by the construction contractor in March this year.

READ MORE

Ambrin: Govt very worried about 1MDB audit report

KUALA LUMPUR (Nov 28): Former Auditor-General Tan Sri Ambrin Buang had the impression that the government was "worried" about the final draft of the 1Malaysia Development Bhd (1MDB) audit report before it was presented to the parliament's Public Accounts Committee (PAC), the High Court heard today.

READ MORE