HSL good proxy for booming construction sector in Sabah, Sarawak
Hock Seng Lee Bhd (March 6, RM1.
KKB Engineering bags RM100.7m worth of jobs
KUALA LUMPUR (March 7): KKB Engineering Bhd has bagged two contracts worth RM100.
IWH to merge with IWC — sources
KUALA LUMPUR (March 7): Tan Sri Lim Kang Hoo, the property tycoon who has been in the news since he bought into 1Malaysia Development Bhd’s Bandar Malaysia project, is said to have shelved plans to list his flagship Iskandar Waterfront Holdings Sdn Bhd (IWH).
Iskandar Waterfront City in proposed revamp
KUALA LUMPUR (March 6): Iskandar Waterfront City Bhd's (IWCity) single largest shareholder Iskandar Waterfront Holdings Sdn Bhd has been exploring a restructuring exercise involving IWCity.
UOL acquires Hilton Melbourne South Wharf for S$246 mil
SINGAPORE (March 6): Property group UOL is acquiring Hilton Melbourne South Wharf for A$230 million (S$246 million) (RM776 million).
Mah Sing issuing RM1b perpetual securities
KUALA LUMPUR (March 6): Mah Sing Group Bhd will issue up to RM1 billion worth of perpetual securities or bonds to finance the property developer's land acquisitions and working capital requirement.
UMLand inks MoU with Chong Wei Binajaya to develop Lee Chong Wei International Sports City
PETALING JAYA (March 6): United Malayan Land Bhd (UMLand), via its wholly-owned subsidiary Seri Alam Properties Sdn Bhd, has inked a memorandum of understanding (MoU) with Chong Wei Binajaya Sdn Bhd to develop part of the proposed Lee Chong Wei International Sports City.
Bina Puri concludes FY16 on a strong note
Bina Puri Holdings Bhd (March 3, 43 sen) Maintain hold call with a revised target price (TP) of 49 sen: Bina Puri Holdings Bhd’s financial year ended Dec 31, 2016 (FY16) core profit of RM12.
Titijaya looks to tourism pickup in Sabah to boost growth
KOTA KINABALU (March 6): Titijaya Land Bhd, which is making its debut venture in Sabah via an RM575 million waterfront mixed development in Kota Kinabalu with a Chinese partner, aims to capitalise on tourism and recreational activities in the state to fuel demand for its projects.