Public portion of Haily Group’s IPO oversubscribed by 38.81 times
KUALA LUMPUR (July 12): Haily Group Bhd, a building contractor of residential and non-residential buildings, saw 8.
Hong Kong’s New World to demolish two towers of The Pavilia Farm after construction defects detected
HONG KONG (July 12): Hong Kong-based property developer New World Development’s (NWD) has decided to tear down and rebuild two of the seven blocks of its hottest-selling project –The Pavilia Farm, in Tai Wai after discovering serious construction defects, reported Nikkei Asia.
Najib fails in bid to obtain documents related to Goldman Sachs, Zeti's family and Jho Low
KUALA LUMPUR (July 12): Former premier Datuk Seri Najib Razak has failed in his bid to obtain a court order to compel the prosecution to supply him with documents relating to Goldman Sachs in his 1Malaysia Development Bhd (1MDB)-Tanore criminal trial.
Sydney anticipates extended lockdown due to increasing Covid-19 cases
SYDNEY (July 12): The largest city in Australia is expected to extend the current lockdown due to the increasing number of Covid-19 cases caused by the highly infectious Delta variant, reported Reuters.
Parkson’s HK-listed subsidiary inks 20-year tenancy agreement in China
KUALA LUMPUR (July 12): Parkson Holdings Bhd’s 54.
Get EMCO replaced with targeted lockdowns, retailer groups tell Selangor MB
KUALA LUMPUR (July 11): The Malaysia Shopping Malls Association (PPK) and other retailer groups have urged the Selangor menteri besar to step in to help get the Enhanced Movement Control Order (EMCO) imposed in the state replaced with targeted lockdowns.
Report: Media Prima paying a high premium to repurchase Balai Berita
KUALA LUMPUR (July 10): There is no question that Media Prima is paying a high premium to repurchase Balai Berita (pictured) at an implied land cost of RM1,000 psf, The Edge Malaysia stated in a report this week.
Grab co-founder purchases S$40m bungalow near Holland Village
SINGAPORE (July 9): Grab Holdings Inc CEO and co-founder Anthony Tan’s family have recently purchased a bungalow (pictured) near Holland Village and Leedon Park for S$40 million (about RM124 million), according to a Business Times report.
Liquidators making fortune from homebuyers’ misfortune
Abu Kassim had been staying at a condominium for 12 years, diligently paying his dues.
Sulaiman returns to Cahya Mata as MD, Isaac Lugun made non-independent director
KUALA LUMPUR (July 9): Cahya Mata Sarawak Bhd (CMS) has appointed Datuk Seri Sulaiman Abdul Rahman Abdul Taib as its new managing director, replacing Datuk Isaac Lugun.
