L&G’s RPT deal catches MSWG’s attention

KUALA LUMPUR (March 15): Land & General Bhd’s (L&G) related party transaction (RPT) proposal to take over five property firms from its major shareholder, Malaysia Land Properties Sdn Bhd (Mayland), for RM344 million cash has caught the Minority Shareholder Watchdog Group’s (MSWG) attention as questions remain over the deal.

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Hua Yang’s projects in the Klang Valley, Perak receive CCC

  PETALING JAYA (March 14): Hua Yang Bhd’s residential projects Sentrio Suites (pictured) in Desa Pandan and Residensi Flora@One South in Seri Kembangan, both in the Klang Valley, as well as Lavender 2 in Bandar Universiti Seri Iskandar, Perak have received their Certificate of Completion and Compliance (CCC).

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Breaking up Sime Darby is a smart move — Aberdeen CEO

KUALA LUMPUR (March 14): Sime Darby Bhd’s decision to unlock value for its shareholders by breaking its conglomerate structure into three distinct pure play companies is a smart move, said Aberdeen Asset Management plc co-founder and chief executive officer (CEO) Martin Gilbert.

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UEM Sunrise plans RM372.57m land disposals in Canada

KUALA LUMPUR (March 13): UEM Sunrise Bhd's wholly-owned subsidiary UEM Sunrise (Canada) Alderbridge Ltd (UEMS Alderbridge) plans to sell three parcels of land in the District of New Westminster, Richmond, British Columbia, Canada, with a total area of 4.

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