News about i

KUALA LUMPUR (Oct 11): Sunway Real Estate Investment Trust’s (Sunway REIT) proposed acquisition of Sunway Clio Property from Sunway Bhd for RM340 million is fair and reasonable, and not detrimental to the minority shareholders, says independent adviser AmInvestment Bank Bhd.

KUALA LUMPUR (Oct 11): Sunway Bhd’s subsidiary, Sunway Lagoon Sdn Bhd (SLSB), has proposed to raise its stake in property developer Sunway South Quay Sdn Bhd (SSQ) to 80% from 60%.

KUALA LUMPUR (Oct 10): After over one year of deference, the RM130 million contract awarded to AWC Bhd by the federal government to maintain the Integrated Transport Terminal in Bandar Tasik Selatan (BTS) has been terminated.

Ibraco Bhd (Oct 9, no transaction) Reiterate hold with an unchanged target price of 94 sen: In February, Ibraco Bhd unveiled its first property development outside Sarawak, namely The Continew (GDV: RM415 million) in Kuala Lumpur.

KUALA LUMPUR (Oct 10): Loss-making Sanichi Technology Bhd, whose share price has been on the decline since April, is proposing a rights issue with warrants to raise some RM59.

KUALA LUMPUR (Oct 10): Vizione Holdings Bhd has bagged a contract worth RM465 million to construct five blocks of affordable homes and 14 shoplots.

KUALA LUMPUR (Oct 9): Mudajaya Group Bhd, through its wholly-owned unit Mudajaya Corp Bhd, clinched a contract worth RM1.

KUALA LUMPUR (Oct 9): UEM Sunrise Bhd is eyeing a 50% take-up rate for the first phase of its latest mixed-use development, Solaris Parq in Dutamas, by the year end, said its managing director and CEO Anwar Syahrin Abdul Ajib today.

PETALING JAYA (Oct 9): O&C Resources Bhd (OCR) had launched its Isola @ KLCC project along Jalan Yap Kwan Seng — with units carrying a price tag of RM1,900 psf or RM1.

PETALING JAYA (Oct 9): The Association of Banks in Malaysia (ABM) has refuted allegations that homebuyers are finding it tougher to obtain housing loans and that loan approval times are increasing.