News about acquisition

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.

PUTRAJAYA (Jan 22): The Federal Court's five-member bench yesterday dismissed MPHB Capital Bhd wholly-owned subsidiary Kelana Megah Sdn Bhd's final appeal over the acquisition of its land by the Johor state government and Petroliam Nasional Bhd (Petronas) to host the Petronas Refinery and Petrochemical Integrated Development (Rapid) project.

KUALA LUMPUR (Jan 21): Axis Real Estate Investment Trust (Axis REIT) has identified RM140 million worth of new assets to buy this year, continuing its acquisition spree that lifted its asset under management to over RM3 billion in 2019.

PETALING JAYA (Dec 28): It had been an eventful decade for the property industry, the Edge reported today.