IGB REIT's 2Q NPI up 1.6% y-o-y on higher rental income
KUALA LUMPUR (Aug 2): IGB Real Estate Investment Trust's (IGB REIT) net property income (NPI) for the second quarter ended June 30, 2017 (2QFY17) rose 1.
Co-Prosperity increases stake in Yong Tai to 31.34%
PETALING JAYA (Aug 2): Tourism and cultural property developer Yong Tai Bhd has seen its major shareholder Co-Prosperity Holdings Ltd increase its stake in the former via a private placement exercise ahead of the Impression Melaka theatre’s scheduled opening in February 2018.
Glomac plans 1-for-10 bonus issue
KUALA LUMPUR (Aug 2): Glomac Bhd is proposing to undertake a bonus issue on the basis of one bonus share for every 10 Glomac shares held to reward existing shareholders and improve liquidity and marketability of its shares.
Chevron House in S'pore for sale from S$700 mil
SINGAPORE (Aug 2): Deka Singapore has put Chevron House at Raffles Place on the market at a guide price of more than US$700 million (RM434.
Strong interest for Sunway Subang industrial project
PETALING JAYA (Aug 2): Sunway Property has received more than a thousand registrants expressing their interest for its upcoming launch of an industrial development called Sunway Subang in Kampung Melayu Subang.
Analysts positive on Sime Darby's Seriamas stake disposal
KUALA LUMPUR (Aug 2): Analysts are generally positive on the news of Sime Darby’s disposal of its 40% stake in Seriamas Development Sdn Bhd (SDSB) to Permodalan Nasional Bhd yesterday for RM625 million cash, despite the lack of details surrounding the transaction.
Sunway snaps up land in Subang Jaya, Kajang for RM231 mil
KUALA LUMPUR (Aug2): Conglomerate Sunway Bhd has announced the acquisition of two freehold plots — a 14.
Singapore residential prices to head higher in the next two years, says DBS
SINGAPORE (Aug 1): DBS Group Research says there are multiple catalyst for Singapore residential prices to head higher in the next two years.
