Hektar REIT pays 2.3 sen DPU, 1Q NPI up 10%
KUALA LUMPUR (May 22): Hektar Real Estate Investment Trust (REIT)’s first quarter net property income (NPI) grew 9.
Lower property development earnings seen for IOI Properties
IOI Properties Group Bhd (May 21, RM1.
Aspen to secure RM44m via convertible loan
KUALA LUMPUR (May 22): Aspen Group Holdings Ltd is planning to raise RM44 million via a convertible loan agreement to finance its investments in associate company Global Vision Logistics Sdn Bhd in Shah Alam, the construction of the central park located in Aspen Vision City, investment in associate company Bandar Cassia Properties (SC) Sdn Bhd, its other development projects and for working capital.
New housing and local government minister sworn in
PETALING JAYA (May 21): Ampang MP Zuraida Kamaruddin (pictured) has been sworn in as Housing and Local Government Minister, along with 11 other ministers, at the Istana Negara today, reported Bernama.
WZ Satu slashes PR1MA construction company price tag to RM7m
KUALA LUMPUR (May 21): WZ Satu Bhd announced that the price to purchase the entire equity interest in Cekap Semenanjung Sdn Bhd, which -- via Sinergy Dayang Sdn Bhd -- has a contract to build a mixed development property project in Pahang, has been reduced to a cash sum of RM7 million, from RM30 million previously.
Bursa suspends short selling of Cahya Mata Sarawak again
KUALA LUMPUR (May 21): Bursa Malaysia has again suspended the proprietary day trader (PDT) and intraday short selling (IDSS) activities of Cahya Mata Sarawak Bhd (CMSB) for the rest of the day, after the last done price had dropped by more than 15 sen or 15% from the reference price.
MQREIT’s office space to remain stable, well-guarded
MRCB-Quill Real Estatement Investment Trust (May 18, RM1.
Kerjaya Prospek chairman to inject property arm into GSB?
KUALA LUMPUR (May 21): Following a move by Kerjaya Prospek Group Bhd’s major shareholders to acquire another 24.
Ex-FT minister 'very rich and egregious' to claim foundation has 'no idea' about TTDI land, says group
PETALING JAYA (May 19): The Save Taman Rimba Kiara group has hit out at former federal territories (FT) minister Tengku Adnan Tengku Mansor for claiming that the Yayasan Wilayah Persekutuan (YWP) had “no idea” about a 12-acre parcel in Taman Tun Dr Ismail (TTDI) that was allegedly transferred to the foundation, calling his claims “very rich and egregious”.
EPF mulls sale of Axiata Tower in Kuala Lumpur Sentral
PETALING JAYA (May 19): The Employees Provident Fund (EPF) is studying the sale of the Axiata Tower in Kuala Lumpur Sentral, with the Grade A office tower likely to fetch as much as RM530 million, reported The Edge weekly.
