Hua Yang’s projects in the Klang Valley, Perak receive CCC

  PETALING JAYA (March 14): Hua Yang Bhd’s residential projects Sentrio Suites (pictured) in Desa Pandan and Residensi Flora@One South in Seri Kembangan, both in the Klang Valley, as well as Lavender 2 in Bandar Universiti Seri Iskandar, Perak have received their Certificate of Completion and Compliance (CCC).

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Sime Darby clarifies why it aborted Saizen REIT RTO

KUALA LUMPUR (March 14): Sime Darby Bhd clarified yesterday that it could not meet the deadline to complete the reverse takeover (RTO) of Singapore-listed Saizen Real Estate Investment Trust (REIT) because circulars to Saizen REIT’s unitholders were not issued on time.

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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.

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$4.92 mil loss at Orchard Scotts

THE top two losses for private non-landed homes sold in the week of Feb 14 to 21 were for units in Orchard Scotts, a 99-year leasehold ­condominium in prime District 9 completed in 2008.

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