News about l

Only World Group Holdings Bhd (May 4, RM1.

KUALA LUMPUR (May 5): ECM Libra Financial Group Bhd has identified hotel management and ownership as its new core business after disposing of its investment banking and securities business in 2012.

PETALING JAYA (May 4): 1MDB chairman Tan Sri Irwan Serigar Abdullah said the Bandar Malaysia project will go ahead, Malaysiakini reported last night.

KUALA LUMPUR (May 5): Questions are now being raised over who will refund the RM741 million deposit paid by a consortium led by Iskandar Waterfront Holdings Sdn Bhd (IWH) to acquire a 60% equity interest in Bandar Malaysia Sdn Bhd after the deal was called off on Wednesday.

SINGAPORE (May 5): The Ascott Ltd, CapitaLand’s wholly-owned serviced residence business unit, has acquired a prime property on New York’s Fifth Avenue.

KUALA LUMPUR (May 5): Financing was already in place for IWH CREC Sdn Bhd’s plan to acquire a 60% interest in the Bandar Malaysia project for RM7.

Rented for: RM6,000 a month (RM3.

SINGAPORE (May 4): Following its better-than-forecasted 1Q results, Manulife US REIT (MUST) is expected to remain solid, according to RHB Research.

PETALING JAYA (May 4): Sime Darby Property, Kumpulan Wang Persaraan (Diperbadankan) (KWAP) and Brunsfield Development Sdn Bhd have signed a Memorandum of Understanding (MoU) to lead the development of Malaysia Vision Valley (MVV).

KUALA LUMPUR (May 4): Ekovest Bhd, which saw its share price plunge as much as 29.