IGB Corp up 15% on takeover offer
KUALA LUMPUR (Feb 24): IGB Corp Bhd shares rose as much as 38 sen or 15% after controlling shareholder Goldis Bhd made a takeover offer for the remaining IGB shares at RM3 each.
Residential property sector bottoming
KUALA LUMPUR (Feb 23): Malaysia’s residential property absorption rate has hit a 14-year low, according to Kenanga Investment Bank Bhd head of equity research Sarah Lim.
US federal court approves plan to sell Jho Low’s hotel
KUALA LUMPUR (Feb 23): A US federal judge has given the green light for the US Department of Justice (DoJ) and New York developer Steven Witkoff’s proposed plan to sell the Park Lane Hotel, The Wall Street Journal (WSJ) reported.
UOA Development 4Q earnings multiply threefold, proposes 15 sen dividend
KUALA LUMPUR (Feb 22): UOA Development Bhd’s net profit multiplied threefold to RM345.
More foreign real estate investment in Malaysia expected in future, says JLL
KUALA LUMPUR: International real estate services provider Jones Lang LaSalle (JLL) foresees more foreign investors putting their money in Malaysian real estate in the next 6 to 12 months.
IGB Corp 4Q net profit down 14% to RM43.99 mil
KUALA LUMPUR (Feb 21): IGB Corp Bhd reported a 14.
IOI Corp 1H core net profit above expectation — AmInvestment
KUALA LUMPUR (Feb 21): AmInvestment Bank Bhd upgraded its IOI Corp Bhd net profit forecast by 9% for the current financial year after IOI reported first-half core net profit, which was above the research firm's and consensus expectations.
Mapletree acquires Oakwood Worldwide, appoints new Oakwood CEO
SINGAPORE (Feb 17): Mapletree Investments has acquired Oakwood Worldwide, a US-based provider of housing and serviced apartment solutions, for an undisclosed sum.
Inorganic growth is Al-Salam’s key catalyst
Al-Salam Real Estate Investment Trust (Feb 16, RM1.
A brief respite
A POLICY change that came into effect on the first day of this year required employers to pay the foreign worker levy.
