News about US

Pavilion Real Estate Investment Trust (Dec 30, RM1.

SHAH ALAM (Dec 21): MCT Bhd has dismissed the concerns of certain factions about a possible mandatory takeover by its single largest shareholder Ayala Land Inc after the latter raised its stake in the company to 32.

One of the most heated discussions of our age is climate change.

YOU’LL never know whom you’ll meet when, and where.

KUALA LUMPUR (Dec 18): The Penang government is seeking the consent of two major development companies to waive the confidentiality clauses in land reclamation agreements signed with the previous Barisan Nasional administration.

KUALA LUMPUR (Dec 17): Anzo Holdings Bhd has mutually agreed with vendor Datuk Lim Thiam Huat to terminate a sale and purchase agreement (SPA) to acquire a RM7.

KUALA LUMPUR (Dec 17): Malaysia Pacific Corp Bhd (MPCorp) expects its upcoming residential project within Taman Nusa Damai in Iskandar Malaysia, Johor, which has a gross development value of RM204 million, to help pull it out of its loss-making position.

KUALA LUMPUR (Dec 15): AmFIRST Real Estate Investment Trust (REIT) is disposing of a 13-storey office building at Jalan P Ramlee for RM36 million, cash, to realise its investment in the property.

Country Heights Holdings Bhd (CHHB), which has been reporting net losses for the past three financial quarters, is making an effort to revive its two hospitality assets — Palace of the Golden Horses (POGH) and Mines Wellness Hotel — in an attempt to improve its earnings prospects amid rising competition and dwindling tourist arrival numbers.

SUNGAI BULOH (Dec 15): The Selangor Development Corporation (PKNS) aims to build 7,500 affordable homes in the state to cater to residents on a tight budget, says PKNS general manager Azlan Alifiah.