Ekovest in free fall after Bandar Malaysia deal aborted
KUALA LUMPUR (May 4): Ekovest Bhd, a construction firm linked to Iskandar Waterfront Holdings Sdn Bhd (IWH) via Tan Sri Lim Kang Hoo, saw its share price open 42 sen or 29.
IWH CREC disputes TRX City’s claims over lapsed Bandar Malaysia stake sale deal
KUALA LUMPUR (May 3): IWH CREC Sdn Bhd, a 60:40 joint-venture between Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC), has disputed claims by TRX City Sdn Bhd over the sale of a 60% equity interest in Bandar Malaysia Sdn Bhd.
SHL partners Japan's Marubeni to develop RM327mil condo project
KUALA LUMPUR (May 3): SHL Consolidated Bhd is partnering Japanese general trading firm Marubeni Corp to develop a condominium project with an estimated gross development value of RM327 million in Bandar Sungai Long, Selangor.
Bandar Malaysia agreement with IWH CREC lapses, opens to new expressions of interest
KUALA LUMPUR (MAY 3): The master developer of Bandar Malaysia, TRX City Sdn Bhd, has today announced that the share sale agreement (SSA) with Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC) – who on July 21, 2016 assigned its benefits and responsibilities to IWH CREC Sdn Bhd – regarding the sale of 60% of the issued and paid-up capital of Bandar Malaysia Sdn Bhd, has lapsed.
Six questions to ask at Sabana REIT’s EGM today
SINGAPORE (April 28): Unitholders of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust will vote today on booting out the REIT’s manager, and perhaps winding up the whole entity.
Scientex to raise up to RM362 mil for manufacturing, property businesses
KUALA LUMPUR (April 28): Scientex Bhd is planning a private placement of up to 10% of its issued shares to third-party investors to raise as much as RM361.
The Estate in South Bangsar sees over 60% take-up rate
PETALING JAYA (April 26): More than 60% of Bon Estates Sdn Bhd’s The Estate in South Bangsar has been taken up since its official launch last month, said the boutique developer in a press statement today.
Special end financing for PR1MA homes at four banks
KUALA LUMPUR (April 26): PR1MA homeowners can start applying for a special end-financing scheme at Malayan Banking Bhd, CIMB Bank Bhd, RHB Bank Bhd and AMMB Holdings Bhd (AmBank).
Design Village aims to bring in more brands, open food court by mid-year
WITH its open plan concept and green spaces with water features, Design Village Penang is a family-oriented outlet mall that offers a pleasant shopping environment.
