Pavilion REIT 3Q NPI slips on higher expenses, pays 2.04 sen
KUALA LUMPUR (Oct 25): Pavilion Real Estate Investment Trust’s (REIT) net property income fell 3.
Empire Resorts’ minority shareholder sues Genting Malaysia and Kien Huat Realty for unfair privatisation deal
KUALA LUMPUR (Oct 16): A minority shareholder is suing Empire Resorts Ltd, its board members and the controlling shareholders — Genting Malaysia Bhd (GENM) and Kien Huat Realty III, for the unfair offer to take the US-based casino operator private.
Najib's suit against Pua stays withdrawn but latter entitled to damages
KUALA LUMPUR (Oct 15): Damansara Member of Parliament Tony Pua had today managed to set aside the injunction imposed on him by Datuk Seri Najib Abdul Razak in a suit filed by the former prime minister against Pua in relation to 1Malaysia Development Bhd (1MDB) and the proposed amendment to the Syariah Courts (Criminal Jurisdiction) Act 1965 by PAS.
Isa Samad's trial: Ex-Felda DG gives conflicting testimony on whether board approved Kuching hotel purchase
KUALA LUMPUR (Oct 9): Former Federal Land Development Authority (Felda) director-general Datuk Hanapi Suhada appeared to give conflicting testimony today on the question of whether or not approval was given by the Felda board for Felda Investment Corporation Sdn Bhd (FIC) to purchase Merdeka Palace Hotel and Suites in Kuching for RM160 million.
FIC gets RM100m advance from Felda for Kuching hotel purchase
KUALA LUMPUR (Oct 8): Felda Investment Corp Sdn Bhd (FIC) sought to borrow RM100 million from parent Federal Land Development Authority (Felda) in late 2014 to finance the purchase of the Merdeka Palace Hotel and Suites in Kuching, says former Felda finance director Mohd Shahrin Mohd Ali.
Isa Samad trial: Kuching hotel later valued at half the purchase price, says FIC officer
KUALA LUMPUR (Oct 8): The Merdeka Palace Hotel and Suites in Kuching, which was bought for RM160 million by Felda Investment Corporation Sdn Bhd (FIC) between late 2014 and early 2015, was subsequently valued at only RM80 million, a witness testified today in the graft trial of former Felda chairman Tan Sri Mohd Isa Samad.
Ho Hup's The Crown Service Suites is 60% taken up
KOTA KINABALU (Sept 30): Ho Hup Group’s maiden project in Kota Kinabalu, The Crown Service Suites, is 60% taken up.
IRB wants Najib's son Nizar to pay RM13.1m in unpaid taxes
PETALING JAYA (Sept 27): Putrajaya is seeking RM13.
Impiana Hotels sells Cherating properties
PETALING JAYA: Impiana Hotels Bhd is selling 146 units of serviced suites in Cherating, Kuantan to Silver Max Asia Pacific Labuan Ltd for RM146 million.
MRCB's LRT3 progress billings expected to pick up in 2H
Malaysian Resources Corp Bhd (Aug 27, 72 sen) Maintain hold with a lower target price (TP) of 74 sen: Malaysian Resources Corp Bhd’s (MRCB) net profit of RM15 million (-72% year-on-year [y-o-y]) for the cumulative six months of financial year 2019 (6MFY19) is only 11% to 16% of the market consensus and our previous FY19 forecast of RM94 million to RM137 million.
