CapitaLand Malaysia REIT Management chairman Lui Chong Chee resigns, to be replaced by Ng Tiong Lip
Lui, 63, tendered his resignation due to other commitments and responsibilities, according to CLMT's bourse filing on Tuesday.
Lui, 63, tendered his resignation due to other commitments and responsibilities, according to CLMT's bourse filing on Tuesday.
Overhang properties is mainly due to unmet housing demand related to varying economic climates, housing preferences, market sentiment, housing affordability, credit accessibility, as well as demographics and lifestyle changes.
JLL Malaysia logistics and industrial team member Derek Yap said warehouse absorption in Greater Kuala Lumpur remained robust last year, as demonstrated by the strong pre-commitment level from occupiers.
Last Friday, IJM Construction confirmed that it has teamed up with Berjaya Land Bhd’s 70%-owned subsidiary Berjaya Rail Sdn Bhd, Malaysian Resources Corp Bhd (MRCB) and national railway company Keretapi Tanah Melayu Bhd to bid for the project.
POV 1: After dinner, you settled on the couch to watch Brad Pitt's war epic Fury – more comfortable to watch the two-hour long movie via home streaming than in the theatre, you thought.
Separately, the company announced last Friday that no professional firm had been appointed for an independent review of its joint venture (JV) and turnkey construction agreements.
The five plots of land are located some 15km from Kuching City Centre.
Sources said other technical members of the consortium include Japan’s Hitachi Rail STS, which specialises in providing signalling systems, Hyundai Rotem Co, a South Korean company that manufactures rolling stock, and German rail operator Deutsche Bahn AG’s unit DB Engineering & Consulting GmbH.
AZRB said, however, that AZSB is not a major subsidiary of the company and that it does not anticipate any financial and operational impact due to the filing of the petition.
KLCCP said it has entered into a share purchase agreement with Ocmador (Malaysia) City Retail Centre Sdn Bhd, Port Moresby Investments Ltd and Bold Peak Sdn Bhd for the proposed acquisition.