Axis REIT to acquire Klang industrial complex from Amsteel Mills for RM49m
Following the acquisition, AMSB will lease the property back from Axis REIT for six years, with a starting monthly rental of RM285,833.
Lion Industries sells Klang asset for RM45 mil to pare debts
KUALA LUMPUR (April 13): Lion Industries Corp Bhd is selling an industrial property in Kapar, Klang, to Yinson Corp Sdn Bhd for RM45 million to partly settle some outstanding debts owed by its 99%-owned Amsteel Mills Sdn Bhd (AMSB), after which it will lease back the asset from Yinson Corp.
Pee named Berjaya Land’s new CEO
KUALA LUMPUR (Jan 18): Berjaya Land Bhd has appointed its executive director Datuk Pee Kang Seng @ Lim Kang Seng as its chief executive officer (CEO) from today.
