Hunza to uphold good governance after privatisation

GEORGE TOWN (Nov 19): Hunza Properties Bhd, which is being taken private by its majority shareholder Khor Teng Tong Holdings Sdn Bhd, along with persons acting in concert with a combined 59% stake in the Penang-based property developer, said it will be business as usual as a private company, adding that it will not neglect the element of corporate governance.

READ MORE

Sunway Velocity 40% completed

PETALING JAYA (Nov 13): Sunway Bhd’s Sunway Velocity integrated development in Taman Maluri, Cheras is now 40% developed and is on track for completion in 2019, the company revealed in a press release today.

READ MORE

Khidmat Runding Jatipadu not authorised by 1MDB

KUALA LUMPUR (Nov 13): A third party not linked to or authorised by 1Malaysia Development Bhd (1MDB) and the government, is purporting to be the project manager for Bandar Malaysia and Tun Razak Exchange (TRX) developments.

READ MORE

Two bidders shortlisted for Bandar Malaysia stake sale

KUALA LUMPUR (Nov 13): The race to pick up a 60% stake in 1Malaysia Development Bhd’s (1MDB) prized project Bandar Malaysia is down to two bidders, one of which is said to be a consortium led by a China-based company in a tie-up with tycoon Tan Sri Lim Kang Hoo and several other local developers.

READ MORE