MRCB puts Ascott Sentral KL up for sale

MALAYSIAN Resources Corp Bhd (MRCB) is in the midst of appointing a party to administer the tender process for the sale of the Ascott Sentral Kuala Lumpur serviced apartments, as it is looking to unlock the value of the asset, say industry sources.

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PM’s cousin Haris sells five million shares in Ekovest

KUALA LUMPUR (Jan 27): Datuk Haris Onn Hussein, the brother of Defence Minister Datuk Seri Hishammuddin Hussein and cousin to Prime Minister Datuk Seri Najib Razak, has disposed of five million shares held indirectly in construction firm Ekovest Bhd at RM2.

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MRCB’s MoU with IWH CREC lapses

KUALA LUMPUR (Jan 27): Malaysian Resources Corp Bhd’s (MRCB) memorandum of understanding (MoU) with Wondrous Vista Development Sdn Bhd and IWH CREC Sdn Bhd to collaborate with each other to develop an integrated transportation terminal in Bandar Malaysia has lapsed.

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Sime Darby reveals plan to list plantation, property arms

KUALA LUMPUR (Jan 27): Sime Darby Bhd plans to create three pure play stand-alone businesses in the plantation, property and trading and logistics sectors, by floating the shares in its plantation and property arms, while retaining its trading and logistics business under the current listed entity.

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Sunway Construction poised for a potential breakout, says Public IB Research

KUALA LUMPUR (Jan 27): Public IB Research said that squeezing into an ascending triangle for the past 3 months, Sunway Construction Group Bhd is poised for a potential breakout into new high territories as both bullish relative strength index and MACD indicators signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term.

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