Aspen and Singapore’s Oxley in strategic partnership via share placement
PETALING JAYA (April 30): Singapore-listed property developer Aspen (Group) Holdings Ltd has entered into a placement agreement with Oxley Holdings Ltd, a Singaporean property developer, to raise about RM69 million in gross proceeds for the acquisition of landbank, future developments and working capital.
Pavilion REIT growth seen to be driven by Elite Pavilion buy
Pavilion Real Estate Investment Trust (April 27, RM1.
REIT managers say SC's REIT guideline amendments will drive market's growth
KUALA LUMPUR (April 24): The liberalisation in the permissible list of activities provides alternative growth opportunities to Malaysian Real Estate Investment Trusts (M-REITs) in the areas of acquiring vacant land to undertake property development activities, acquisition of assets with provision of income support and investments through private leases, said the Malaysian REIT Managers Association (MRMA).
Revised guidelines on listed REITs seen positive for growth
Real estate investment trust sector Maintain neutral: The Securities Commission Malaysia (SC) has implemented the new revised guidelines on listed real estate investment trusts (REITs) effective on April 9, 2018.
What’s cooking, Ah Pa?
Family bonding over a meal is one of Lim Boon Ping’s most treasured moments and nothing pleases him more than to see his family enjoying a meal he has prepared.
Ikhmas Jaya’s new contract wins within expectations
Ikhmas Jaya Group Bhd (April 10, 39 sen) Upgrade to buy with an unchanged target price (TP) of 55 sen: Ikhmas Jaya Group Bhd has received a letter of award of RM58.
Versatile Creative scraps plans for RM110m GDV project in Johor
KUALA LUMPUR (April 11): Versatile Creative Bhd has scrapped plans to develop medium-cost apartments in Johor Bahru, estimated to have a gross development value (GDV) of RM110 million.
Pavilion REIT growth to moderate in near to medium term
Pavilion Real Estate Investment Trust (April 2, RM1.
