DONE DEAL: Retail lot at mezzanine floor, Ampang Point Shopping Centre, Selangor

Rented for: RM20,000 (RM8 psf) Concluded by: Michael S L Wong (REN 09493) of Dynamic Realtors (012-519 8688) When: December 2017 Noteworthy: ● 2,500 sq ft ● Mezzanine Floor of Ampang Point Shopping Centre ● Tenant invested RM100,000 for renovation ● Three-year fixed term with option to renew for another three-year term ● Location is central and surrounded by office crowds According to Michael S L Wong of Dynamic Realtors who concluded the deal, the tenant is none other than Cozy Corner Restaurant, formerly of Ampang Park Shopping Centre, which closed its doors on Dec 31 last year.

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Encorp CEO resigns; posts second straight quarterly loss

KUALA LUMPUR (Feb 24): Encorp Bhd, which posted its second straight quarterly loss in the fourth quarter ended Dec 31, 2017 (4QFY17), announced today the resignation of its group chief executive officer (CEO) Datuk Zakaria Nordin, following the expiry of his contract.

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