Acme proposes one-for-four bonus warrants; to raise up to RM22m to buy Penang land
KUALA LUMPUR (Aug 8): Plasticware products manufacturer cum property developer Acme Holdings Bhd has proposed to undertake a bonus issue of up to 59.
Bina Puri makes cash call of up to RM40m
KUALA LUMPUR (Aug 8): Bina Puri Holdings Bhd plans to raise up to RM39.
DONE DEAL: Shopoffice, Megan Phoenix, Cheras, KL
Sold for: RM440,000 (RM308 psf) Concluded by: Terence Tih (017-668 2669, REN 01644) from Tech Real Estate Sdn Bhd When: February 2019 Noteworthy: ● Unit size: 1,430 sq ft ● Freehold mid floor office ● Fully furnished ● Two bathrooms ● A few minutes’ walk from MRT station and shopping mall Read also DONE DEAL: Condominium unit, Pavilion Hilltop Mont’Kiara, Kuala Lumpur DONE DEAL: Shopoffice at Arena Curve in Bayan Baru, Penang The 24-year-old Megan Phoenix in Cheras, Kuala Lumpur is a 3-block commercial strata development with 450 parking bays.
Rehda Johor: Pollution problems at Pasir Gudang must end for growth to continue
JOHOR BAHRU (Aug 8): Johor’s Pasir Gudang will remain attractive to business owners and property buyers as long as the environmental issues that have plagued the area recently are resolved, said the Real Estate and Housing Developers’ Association Malaysia Johor Branch (Rehda Johor).
Ex-Tabung Haji chairman's corruption trial set for hearing on Sept 25
KUALA LUMPUR (Aug 7): Former Lembaga Tabung Haji chairman Datuk Seri Abdul Azeez Abdul Rahim (pictured) and his brother Datuk Abdul Latif Abdul Rahim's corruption trial will be heard at the Sessions Court on Sept 25 and Oct 11.
Amcorp Properties JV to buy Shanghai office blocks for RM865m
KUALA LUMPUR (Aug 7): Amcorp Properties Bhd's (AMPROP) indirect wholly-owned subsidiary Amcorp Dynamic Ltd will acquire a 40% stake in Daning Partners Ltd for US$22.
Works Minister seeks budget allocation to encourage BIM adoption
KUALA LUMPUR (Aug 6): The Construction Industry Development Board (CIDB) Malaysia hopes there will be allocation under Budget 2020 for incentives to encourage the construction industry to adopt Building Information Modelling (BIM).
Parkson closes store 18 months after opening
KUALA LUMPUR (Aug 6): Department store operator Parkson Corp Sdn Bhd, which shut its 20-year-old store in Suria KLCC earlier this year, has shut another store — the Parkson M Square Mall in Puchong, Selangor.
Masteel's standalone credit profile vulnerable on steel prices fluctuations, MARC says
KUALA LUMPUR (Aug 6): Malaysia Steel Works (KL) Bhd's (Masteel) standalone credit profile remains vulnerable to fluctuations in steel price, fluctuating cost of raw materials and increased competitive pressures in the Malaysian market, according to Malaysian Rating Corp Bhd (MARC).
Case management for FGV's suit against Isa Samad, Emir Mavani fixed for Sept 6
KUALA LUMPUR (Aug 6): The High Court has fixed Sept 6 as the next case management date for FGV Holdings Bhd's case against its former chairman Tan Sri Mohd Isa Abdul Samad and former president and group chief executive officer Datuk Mohd Emir Mavani Abdullah.
