News about acquisition

KUALA LUMPUR (April 1): Piling and foundation specialist Pintaras Jaya Bhd is disposing of a plot of industrial land in Klang to Senheng New Retail Bhd’s wholly owned subsidiary Senheng Electric (KL) Sdn Bhd for a total cash consideration of RM25.

KUALA LUMPUR (Feb 23): Axis Real Estate Investment Trust (Axis REIT) has proposed to acquire an industrial facility in Kulai, Johor for RM16.

KUALA LUMPUR (Feb 17): Chin Hin Group Property Bhd (CHGP) has proposed to acquire a 60% stake or 15 million shares in Asia Baru Construction Sdn Bhd for RM30 million cash, to diversify into water infrastructure construction works.

SINGAPORE (Feb 16): Mapletree Logistics Trust (MLT), Singapore-based logistic REIT, has announced its plan to buy two industrial land parcels in Subang Jaya, Selangor for a price of RM65.

KUALA LUMPUR (Aug 30):  Scientex Bhd is expanding its Klang Valley footprint via the proposed acquisition of over 250 acres of agriculture land near Klang and Banting for RM207.

KUALA LUMPUR (April 8): Paragon Globe Bhd has proposed a rights issue to raise up to RM56 million to help pay for a property acquisition in Johor and fund the construction of a medical centre in Selangor.

KUALA LUMPUR (April 23): Independent advisor Asia Equity Research Sdn Bhd said today the proposed acquisition by CN Asia Corp Bhd of a parcel of land from a related party for RM4 million cash is “fair and reasonable”.

KUALA LUMPUR (April 22): MMAG Holdings Bhd, which is buying two parcels of land in mainland Penang from Dynaciate Group Bhd for RM41 million, today entered into a supplemental agreement on the deal.

KUALA LUMPUR (April 9): Fraser & Neave Holdings Bhd (F&N) said it is considering its options regarding the RM156 million acquisition of land in Perlis from MSM Perlis Sdn Bhd, as the latter had indicated that it will not grant any extension of time to satisfy the conditions in the agreement.

KUALA LUMPUR (March 17): MTAG Group Bhd has called off its proposed acquisition of two plots of land in Plentong, Johor to build its new manufacturing plant.