Breaking up Sime Darby is a smart move — Aberdeen CEO

KUALA LUMPUR (March 14): Sime Darby Bhd’s decision to unlock value for its shareholders by breaking its conglomerate structure into three distinct pure play companies is a smart move, said Aberdeen Asset Management plc co-founder and chief executive officer (CEO) Martin Gilbert.

READ MORE

IWC-IWH merger deal stirs strong market interest

KUALA LUMPUR (March 10): Iskandar Waterfront City Bhd (IWC) shares, which resumed trading yesterday following the announcement that it is merging with its parent Iskandar Waterfront Holdings Bhd (IWH), climbed as much as 10.

READ MORE

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).

READ MORE

DONE DEAL: Bungalow at Tropicana Golf and Country Resort, Petaling Jaya

Rented for: RM20,000 a month Concluded by: Christine Lim (REN 01622) of Tech Realtors Properties (012-633 3333) and Freeman Woo (REN 05026) of MIP Properties (012-656 7617) When: October 2016 Noteworthy: ● leasehold ● golf club view ● gated-and-guarded development ● unit land area: 7,700 sq ft; built-up size: 9,000 sq ft, ● two storeys ● 4+1 bedrooms and six bathrooms ● Clubhouse facilities: tennis and badminton courts, bowling, swimming pools, 27-hole golf course, library, gaming room, gymnasium, children playground and multipurpose hall ● Near amenities that include an international school, university, medical centre, shopping malls, convenience store and restaurants ● Easy access to Jalan Tropicana Utama which connects to neighbouring townships in Petaling Jaya, the New Klang Valley Expressway and Damansara-Puchong Highway Developed by Tropicana Corp Bhd, Tropicana Golf & Country Resort is a luxury residential project in a gated-and-guarded community.

READ MORE