News about acquisition

PETALING JAYA: (Feb 19) Radium Development Bhd has completed its proposed acquisition of a leasehold parcel in Bandar Ampang, Selangor, for RM45 million, following the fulfilment of conditions precedent and full settlement of the balance purchase price.

On Jan 23, the Madani Cabinet took the rare step of withdrawing the Urban Renewal Bill (URA Bill)—originally slated for its second reading in Parliament—for comprehensive revision.

PUTRAJAYA (Feb 4): The Court of Appeal last week dismissed an appeal by a landowner-cum-developer for loss of profit/business disturbance following the acquisition of almost two acres of its 4.

The group said it will pay for the stake in SPPH Eco Biomass Resources Sdn Bhd via a cash payment of RM14.

Aside from the fourth interim income distribution of 1.

Notably, Genting Plantations is acquiring 355 acres of  land  with Hak Guna Bangunan (with an initial tenure of up to 2028-2053, with extensions of 20 years + 30 years) in Sentul City, Bogor — a major satellite city of Greater Jakarta — for (Indonesian rupiah) IDR 2,052 billion (RM593 million).

KIPMall Kota Warisan houses a one-and-a-half-storey retail centre, with a net lettable area of approximately 17,300 sq m on a freehold land in Dengkil, Sepang in Selangor.

The steel manufacturer said the land was acquired by Malaysian Rail Link Sdn Bhd, an agency under the Ministry of Finance Inc (MOF Inc), which has been appointed as the asset and project owner of East Coast Rail Link (ECRL).

Of the 12 leases, AME REIT has successfully renewed leases with five existing tenants, obtained one replacement tenant, and confirmed lease renewals with six existing tenants, which will be finalised by end-FY2024.

The Kapar land acquisition is in line with Sime Darby Property’s SHIFT25 strategy, which aims to transform the company from a pure play property developer into a real estate company by broadening and diversifying its income streams.