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.
Ascott Residence Trust to divest interests in Japan rental housing properties for S$153.6 mil
SINGAPORE (April 14): Ascott Residence Trust (ART), through its wholly-owned subsidiary Zenith Residences Tokyo Tokutei Mokuteki Kaisha (Zenith TMK), has agreed to divest its trust beneficiary interests (TBI) of 18 rental housing properties under Zenith TMK’s portfolio in Tokyo, Japan, for 12 billion yen (approximately S$153.
Matrix Concepts to focus on Malaysian property market
KUALA LUMPUR (April 13): Matrix Concepts Holdings Bhd is putting its plans to expand its property development business overseas on hold, as it strives to cater to existing demand for properties in Malaysia.
Lion Industries sells Klang asset for RM45 mil to pare debts
KUALA LUMPUR (April 13): Lion Industries Corp Bhd is selling an industrial property in Kapar, Klang, to Yinson Corp Sdn Bhd for RM45 million to partly settle some outstanding debts owed by its 99%-owned Amsteel Mills Sdn Bhd (AMSB), after which it will lease back the asset from Yinson Corp.
