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KUALA LUMPUR (March 20): Luster Industries Bhd has proposed to undertake the diversification of its business to include property development and construction.

CapitaLand Malaysia Mall Trust (March 19, 99 sen) Maintain outperform with a lower target price (TP) of RM1.

Real estate investment trust sector Maintain neutral: We are mildly positive on the revised Guidelines on Real Estate Investment Trusts (REITs) which allow property development for Malaysian REITs (M-REITs), among other changes/additions.

Sime Darby Property Bhd (March 19, RM1.

KUALA LUMPUR (March 20): YTL Power International Bhd is acquiring Dutch company Bel Air Den Haag Beheer BV, which owns the 306-room Mariott The Hague, for €60.

KUALA LUMPUR (March 20): The average yield for Malaysian real estate investment trusts (REITs) is now at its highest since 2016, which may prompt investors to wonder if it’s a good time to place their money in REITs.

KUALA LUMPUR (March 19): Malaysian Resources Corp Bhd (MRCB) is selling a 1.

KUALA LUMPUR (March 19): Lafarge Malaysia Bhd will be supplying RM270 million worth of cement for all eight packages of work for the East Coast Rail Link (ECRL) project.

  PETALING JAYA (March 19): The Chief Registrar’s Office (CRO) of the Federal Court has repudiated claims by the Malaysian Auctioneers Council president Mustafa Osman that the e-Lelong (e-Auction) system implementation was done without properly consulting the relevant stakeholders, reported Bernama.

PETALING JAYA (March 19): Co-working space operator CO3 Social Office Sdn Bhd (CO3) is collaborating with master planner and developer Medini Iskandar Malaysia Sdn Bhd (MIM) to build C03 Campus @ Medini 9, a 200,000 sq ft co-working space in Medini City that can accommodate up to 4,000 members.