News about ban

Sim Leisure announced on Dec 19 that it had received a notice of termination over the project.

The proposed IPO involves a public issue of 132 million new shares and an offer for sale of 59 million existing shares at a price to be determined later, according to its draft prospectus filed in October 2024.

With this acquisition, Metro Healthcare said it is committed to enhancing access to high-quality OB-GYN services in Malaysia, particularly in high-demand urban locations.

Glomac group managing director and CEO Datuk Seri FD Iskandar Mohamed Mansor said the programme would fortify the group’s financial reserves and enhance its ability to seize land banking opportunities.

The sale of the land by Matrix Concepts' 85%-owned subsidiary, N9 Matrix Development Sdn Bhd, to Kuntum Kemuning Sdn Bhd, a company involved in property investments, is deemed a related-party deal as Matrix Concepts’ managing director Ho Kong Soon is also the sole shareholder of Kuntum Kemuning.

The contract was awarded to its wholly owned unit Kitacon Sdn Bhd by Sime Darby Property (BBR3 Asset 1) Sdn Bhd, a wholly owned subsidiary of Sime Darby Property Bhd (KL:SIMEPROP).

“The escalation of the US$ against ringgit Malaysia and the increase of interest rates from 4% to 11% had warranted the company to negotiate a restructuring of the loan with Exim Bank,” Bina Puri said in a filing.

Redevelopment is not a task that the government should out-source to private developers to solve.

Home financing solutions will be offered by AFFIN BANK to homebuyers of TH Properties’ current developments, namely Bandar Enstek, Warisan Puteri 2, and Padang Residences.

The campaign offers START members with rewards worth more than RM55,000 when they buy duplex units (starting from RM663,000) and penthouse units (starting from RM998,000) at Mori Residences 2 at Rawang.