Number of deals to rise as REITs seek to build
MALAYSIAN real estate investment trusts (M-REITs) are touted as safe haven assets for investors seeking safety in dividend yields post-Brexit.
M-REITs may be allowed to build own properties
MALAYSIAN real estate investment trusts (M-REITs) may soon be allowed to put as much as 15% of their total assets into development projects and vacant land for development and are already positioning themselves for the liberalisation that is slated for the end of the year, industry sources say.
Karambunai up as much as 9% after close of takeover offer
KUALA LUMPUR (June 10): Karambunai Corp Bhd (KCB) rose as much as 0.
REITs outperform FBM KLCI in April
Real estate investment trust sector Maintain neutral: Recently, we met up with management of several real estate investment trust (REIT) companies under our coverage and they reiterated their cautious view on the overall operating environment amid subdued consumer sentiment.
Tower REIT to incorporate RM7.6 mil into its Dec 31, 2015 financial statements
KUALA LUMPUR (Jan 14): Tower Real Estate Investment Trust (REIT) would incorporate RM7.
Atrium REIT spends RM15.4m to upgrade Atrium Shah Alam 2
KUALA LUMPUR (Jan 8): Atrium Real Estate Investment Trust (Atrium REIT) is spending RM15.
Sunway Construction rises 3.57% on new RM1.61 billion job
KUALA LUMPUR (Sept 14): Shares of Sunway Construction Group Bhd (SCG) rose 3.
OSK’s PJ Development takeover deal falls through
KUALA LUMPUR (Sept 8): OSK Holdings Bhd proposed takeover of PJ Development Holdings Bhd (PJD) has fallen through, as the former only holds 89.
Yong Tai shares, warrants down as institution investors sell down
KUALA LUMPUR (Aug 5): Garment manufacturer and property developer Yong Tai Bhd’s shares extended losses to as much as 11 sen or 14.
Tadmax: Valuation of Pulau Indah land sale to 1MDB not subject to SC approval
KUALA LUMPUR (June 30): Tadmax Resources Bhd clarified today that the valuation of its Pulau Indah land for sale to 1Malaysia Development Bhd (1MDB) was not subject to approval by the Securities Commission Malaysia (SC).
