KUALA LUMPUR (March 15): Land & General Bhd’s (L&G) related party transaction (RPT) proposal to take over five property firms from its major shareholder, Malaysia Land Properties Sdn Bhd (Mayland), for RM344 million cash has caught the Minority Shareholder Watchdog Group’s (MSWG) attention as questions remain over the deal.
EL Development sold 43 units at Parc Riviera between Feb 14 and 21, making the 752-unit development on West Coast Vale the top-selling condominium in the week.
THE secret to happiness is to spend money on experiences and not things, says Thomas Gilovich, a psychology professor at Cornell University.
PETALING JAYA (March 14): Mah Sing Group Bhd (Mah Sing) will be launching its first RUMAWIP project — Residensi Seri Wahyu in Taman Wahyu, Kuala Lumpur on March 29.
SINGAPORE (March 14): UOB Kay Hian is starting coverage of Hatten Land with a “buy” call and a target price of 43 Singaporean cents.
KUALA LUMPUR (March 14): Iskandar Waterfront City Bhd’s (IWCity) share price falls 13 sen or 5% to RM2.
KUALA LUMPUR (March 14): Sime Darby Bhd’s decision to unlock value for its shareholders by breaking its conglomerate structure into three distinct pure play companies is a smart move, said Aberdeen Asset Management plc co-founder and chief executive officer (CEO) Martin Gilbert.
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