News about US

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.

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.

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.

KUALA LUMPUR (April 13): HCK Capital Bhd, whose share price surged to as high as RM6.

KUALA LUMPUR (April 12): Bursa Malaysia has issued an unusual market activity (UMA) query to HCK Capital Group Bhd, following the recent spike in the company's share price.

KUALA LUMPUR (April 12): Mulpha International Bhd’s resort on the Great Barrier Reef in Australia will be closed till mid-2018 for rectification works following “sufficiently extensive” damage caused by Cyclone Debbie on March 28.

SINGAPORE (April 12): Oxley Holdings is acquiring properties in the Mediterranean island resort of Cyprus for S$42 million (RM132.

KUALA LUMPUR (April 12): The value of the road projects which Malaysian firms are bidding for in India’s Rajasthan state is US$1.

An overwhelming 24 bids were submitted for the tender of a residential plot in Toh Tuck Road, the Urban Redevelopment Authority announced at the tender closing yesterday.

KUALA LUMPUR (April 11): The Malaysian construction industry is expected to grow by 8% in volume this year, underpinned by ongoing mega infrastructure projects, Construction Industry Development Board (CIDB) said.