CCM to see RM1.1m gain from disposal of Labu land
KUALA LUMPUR (September 13): Chemical Co of Malaysia Bhd (CCM) said today it is expected to net a gain of RM1.
The Malaysian vision — ‘To create a better society with our existence’
Country Garden Holdings was founded by a man who literally began building brick by brick (he was a bricklayer) in Guangdong, China.
DBKL task force investigates 97 suspicious land transactions
KUALA LUMPUR (September 13): A special task force probed 97 dubious transactions of 675.
Jho Low used 1MDB money to buy US$325,000 Ferrari for Kim Kardashian — report
KUALA LUMPUR (Sept 13): Sovereign fund 1Malaysia Development Bhd (1MDB)’s former special advisor Low Taek Jho or Jho Low is alleged to have gifted Kim Kardashian (pictured) and her ex-spouse Kris Humphries a US$325,000 white Ferrari for their wedding in 2011.
Tony Tiah fails in takeover bid for TA Enterprise
KUALA LUMPUR (Sept 13): Datuk Tony Tiah Thee Kian, who launched a mandatory takeover offer (MGO) for TA Enterprise Bhd at 66 sen per share in July, has failed to garner the required acceptance from minority shareholders which would have given him control of over 50% of the total voting shares in the group.
DONE DEAL: 1½-storey factory, Saga Jaya Industrial Park, Seberang Perai
Rented for: RM9,000 a month Concluded by: Mayzel Wong (REN 17359) of Khoo & Associates Realty (017-575 8999) When: July, 2018 Noteworthy: ● A factory with a land area of 10,500 sq ft and built-up size of 6,000 sq ft ● Nearby amenities: Mydin shopping mall, Bukit Tengah railway station, eateries and Juru Auto City ● Easy access to North-South highway, 15km to Bandar Cassia in Simpang Ampat, 23km to George Town and 24km away from Penang International Airport.
Knight Frank: KL office rental market may worsen
KUALA LUMPUR (Sept 13): Kuala Lumpur’s office rental market has recorded the steepest decline in the Asia Pacific region in 2Q2018, according to Knight Frank’s Asia-Pacific Prime Office Rental Index for 2Q2018.
Expert: Penang LRT would lose RM1.2 billion
GEORGE TOWN (September 13): A transport studies research expert says that Penang’s proposed Light Rail Transit (LRT) system is likely to lose RM1.
REITs expected to be active in greenfield, brownfield projects
Real estate investment trust sector Maintain neutral: There are no surprises for 2QCY18 earnings for real estate investment trusts (REIT).
Construction landscape likely to remain challenging
Construction sector Maintain neutral: For the recent second quarter of 2018 results season, seven (54%) out of the 13 contractors under our coverage reported core earnings that were below expectations and six (46%) were within.
