AmFIRST REIT's 4Q NPI rises 15%, pays 2.13 sen DPU
KUALA LUMPUR (April 19): AmFIRST Real Estate Investment Trust (REIT) saw its net property income (NPI) grow by 15.
Yong Tai yet to start formal talks on garment unit disposal
KUALA LUMPUR (April 19): Property developer Yong Tai Bhd said yesterday it is considering disposing of its ailing textile and garment business in the near future.
Napic: Malaysian property market weakens further, overhang up 44%
KAJANG (April 18): The overall property market slowdown had worsened in 2016 with a decline in transaction volume by 11.
Anzo gets another UMA query after stock slumps 35%
KUALA LUMPUR (April 17): Anzo Holdings Bhd has been slapped with yet another unusual market activity (UMA) query by Bursa Malaysia, after its share price plunged by 19.
Ascott Residence Trust’s Japan divestment to support potential acquisitions
SINGAPORE (April 17): UOB Kay Hian is reiterating its “hold” recommendation on Ascott Residence Trust (ART) at a target price of S$1.
Matrix enters into JV with Japan on IBS manufacturing plant
Matrix Concepts Holdings Bhd (April 14, RM2.
‘S P Setia-I&P viability hangs on execution’
KUALA LUMPUR (April 17): The viability of Permodalan Nasional Bhd’s (PNB) move to merge two of its biggest property companies, S P Setia Bhd and I&P Group Sdn Bhd, depends on the way the synergy is executed, says a fund manager.
S P Setia and I&P Group can source land from PNB, says Wahid
KUALA LUMPUR (April 14): PNB Development Sdn Bhd, a subsidiary of Permodalan National Bhd (PNB) group can be a source for S P Setia Bhd and I&P Group Sdn Bhd to expand their landbank for future projects, said PNB group chairman Tan Sri Abdul Wahid Omar.
Singapore, Australia, UK the favourite of Malaysians buying overseas homes
KUALA LUMPUR (April 14): Singapore, Australia and the UK are the top overseas home choices for wealthy Malaysians, according to Knight Frank’s Attitudes Survey in the latest edition of its Wealth Report.
S P Setia to buy I&P Group from PNB
KUALA LUMPUR (April 14): S P Setia Bhd, Permodalan Nasional Bhd (PNB) and Amanahraya Trustees Bhd (as trustee for Amanah Saham Bumiputera) have entered into a non-binding Memorandum of Intent to commence negotiations on the proposed acquisition of I&P Group Sdn Bhd by S P Setia.
