PETALING JAYA (June 29): Sunway Construction Group Bhd (SCG) has set a dividend policy of paying out 35% of its annual core profit once it has been listed to enable its shareholders “to participate in the group’s profit”, according to its prospectus of its initial public offer.
SHAH ALAM (June 29): I-Bhd, the developer of the 29-ha (72 acre) i-City here, may pay higher dividends as the company expects better profit this year.
SINGAPORE (June 29): CapitaLand said last Friday that its consortium has fulfilled the conditions required to acquire several land parcels in Danga Bay in Johor, The Straits Times reported.
Sunway Real Estate Investment Trust (June 26, RM1.
CapitaMalls Malaysia Trust (June 26, RM1.
Bina Puri Holdings Bhd (June 26, 54 sen) Maintain buy with a new target price of 72 sen: Bina Puri has accepted a letter of award from Medini Development Sdn Bhd to undertake office building works in Medini, Iskandar Malaysia, for a contract sum of RM195 million, to be completed within a period of 29 months.
• This week, we focus on the non-landed residential properties in one of Kuala Lumpur’s oldest suburbs, Setapak.
BINTAN (June 27): The Haven Sdn Bhd aims to launch its S$1 billion integrated hospitality project here in Indonesia by year-end, said its CEO Peter Chan.
PRICES on the Kota Kinabalu secondary market are expected to continue rising, albeit at a slower pace, in the coming months.
A mere 13 years ago, YTL Land & Development Bhd (YTL Land) kickstarted a multi-billion ringgit urban renewal project in Kuala Lumpur’s Sentul district, with its historic pre-war shophouses, temples, churches, public housing and the old Malayan Railway train depot .
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