Landmarks names Wee as CEO, slips into red in 3Q
KUALA LUMPUR (Nov 18): Landmarks Bhd yesterday announced the appointment of Mark Wee Liang Yee as its new chief executive officer while it saw a net loss of RM14.
WCT’s share price shows positive gap up from its trading range
Maintain neutral recommendation with a target price of RM1.
Sime’s Saizen REIT buy is back on track
KUALA LUMPUR (Oct 11): Sime Darby Bhd’s plans to acquire a majority stake in Singapore-based Saizen Real Estate Investment Trust (REIT) through a reverse takeover is back on track.
Sime Darby's plan to acquire Saizen REIT via RTO may have fallen through
KUALA LUMPUR (Oct 4): Sime Darby Bhd's plan to acquire a majority stake in Saizen Real Estate Investment Trust (Saizen REIT) through a reverse takeover (RTO) appears to have fallen through.
AmInvest wants to increase exposure to REITs but rates M'sia as underweight
KUALA LUMPUR (Sept 7): AmFunds Management Bhd, or more commonly known as AmInvest, has rated Malaysia's real estate investment trust (REIT) as "underweight", despite seeking to double its investment to RM500 million in that asset class by next March.
Paramount plans hotel project with Singapore firm
KUALA LUMPUR (Aug 25): Paramount Corp Bhd is tying up with a Singapore firm to undertake a proposed hotel development in the former's integrated township, Paramount Utropolis at Glenmarie, Shah Alam.
Open tender to be called for KL-Singapore HSR project on Monday
KUALA LUMPUR (Aug 19): MyHSR Corp Sdn Bhd and Singapore's Land Transport Authority (LTA) will be calling for a joint tender on Monday (Aug 22) to appoint a joint development partner (JDP) to assist in the development of the Kuala Lumpur-Singapore High Speed Rail (HSR) project.
Rethinking Singapore retail REITs
WITH widespread expectation that global interest rates will stay low for a long time, real estate investment trusts in Singapore have performed well since the beginning of this year, despite a chorus of warnings about the deteriorating fundamentals of the commercial property sector.
BAssets ties up with Foshan City to foster trading activities
KUALA LUMPUR (July 13): Berjaya Assets Bhd (BAssets)'s unit, Berjaya Waterfront Sdn Bhd, has inked a Memorandum of Understanding (MoU) with Foshan City Bureau of Commerce (FCBC) to establish a strategic collaboration partnership to foster trade and investment activities.
Berjaya Assets confirms sale of Imbi land
KUALA LUMPUR (July 13): Berjaya Assets Bhd (BAssets) has appointed an exclusive marketing agent for the sale of a piece of freehold land in Imbi.
