KUALA LUMPUR (Dec 29): Landmarks Bhd has terminated its plan to sell its entire stake in two companies that own hospitality assets in Indonesia to Southern Archipelago Ltd or SAL (formerly known as Blumont Group Ltd), citing the prolonged completion timelines and volatile market conditions. The stakes, held through its indirect wholly-owned subsidiary Tiara Gateway…
Read MoreKUALA LUMPUR (Dec 29): IGB REIT Management Sdn Bhd chairman Tan Sri Dr Lin See Yan (pictured) is stepping down by Dec 31, and will be succeeded by former managing director Datuk Seri Robert Tan Chung Meng, effective from Jan 1, 2024. IGB REIT Management is the manager of IGB Real Estate Investment Trust (REIT)…
Read MoreKUALA LUMPUR (Dec 29): Cengild Medical Bhd’s wholly-owned subsidiary, Cengild Sdn Bhd, has entered into a conditional sale and purchase agreement with Sunny Uptown Sdn Bhd for the acquisition of a stratified property in Kuala Lumpur for a cash consideration of approximately RM122.34 million. In a Bursa Malaysia filing today, Cengild Medical said the property…
Read MoreKUALA LUMPUR (Dec 29): Wasco Bhd’s wholly-owned unit Maple Sunpark Sdn Bhd has signed sale and purchase agreements with Wasco Thermal Sdn Bhd, an indirect 60%-owned subsidiary of Wasco, to sell properties worth RM64.89 million. The sale of properties would include two pieces of industrial land in Klang, Selangor, measuring about 18,211 sq m and…
Read MoreUrban areas see a surge in property searches, with prospective buyers seeking homes in close proximity to workplaces by NORAIN MT PETALING Jaya (PJ) emerged as the hottest area in demand among property seekers for 2023, marking its second time securing the top spot in the annual list, having been the winner previously in 2021….
Read MoreKUALA LUMPUR (Dec 29): Malaysia Airports Holdings Bhd (MAHB) is said to be mulling on hiring a IJM Corp Bhd-led consortium to carry on with the aerotrain replacement project that was halted in August, according to sources familiar with the matter. Sources told The Edge that MAHB is currently ironing out the details before issuing…
Read MoreKUALA LUMPUR (Dec 28): Lim Seong Hai Capital Bhd (LSH Capital), which is seeking a transfer from the LEAP Market to the ACE Market of Bursa Malaysia, has obtained undertaking letters from its minority shareholders to waive their entitlement to an exit offer. In a filing on Thursday, the company said it is seeking Bursa’s…
Read MoreKUALA LUMPUR (Dec 29): Rapid KL will extend the operating hours for selected rail transit and bus services until 1.30am on Jan 1 (Monday) to cater to those going out to celebrate New Year’s Eve. Prasarana Malaysia Bhd said in a statement on Friday that the service extension would involve 12 light rail transit (LRT),…
Read MoreIGB Group targets completion of South Tower @ Mid Valley Southkey in Johor by the second quarter of next year. (Mid Valley Southkey North Tower pic) PETALING JAYA: The establishment of the Johor-Singapore Special Economic Zone (JS-SEZ) and the impending completion of the Johor Bahru-Singapore Rapid Transit System link are expected to boost cross-border movement…
Read MoreProperty firms, struggling to find buyers, have resorted to offering discounts on their new projects to speed up sales. (Reuters pic) MONG KOK: Hong Kong’s home prices dropped to the lowest in almost seven years as high interest rates continue to weigh on buyers’ appetite, driving them to rent instead. Residential prices fell 2% in…
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