KUALA LUMPUR (Dec 28): Rakuten Trade said buying interest for IOI Properties Group Bhd may have returned following a break-out from the one-week rectangular pattern with a long white candle on Wednesday. In a technical view note on Thursday, the research house said that in view of the stock also breaking out from the one-month…
Read MoreHome prices are expected to grow 5–7% next year before falling 5–10% in 12–18 months due to global uncertainties and greater supply. (Unsplash pic) DUBAI: Just nine months after buying their first property in Dubai, Dina Habib and Karim Yusuf are already planning their next move within the city. The Egyptian couple, who spent eight…
Read MoreKUALA LUMPUR (Dec 26): Gabungan AQRS Bhd is claiming RM89.74 million from Econpile Holdings Bhd for what it alleged was wrongful termination of a sub-contract under Package SUKE-CA3 of the Sungai Besi-Ulu Kelang Elevated Expressway (SUKE) project in 2016. The sub-contract, worth RM389.07 million, was to complete the foundation for the SUKE project. It was…
Read MoreKUALA LUMPUR (Dec 27): Sime Darby Property Bhd’s (SDP) sukuk musharakah programme was accorded the AA+ rating with a stable outlook by MARC Ratings Bhd for the third consecutive year. In a statement on Wednesday, the property company said that the outstanding sukuk under the rated programme stood at RM1.4 billion as of Nov 30,…
Read MoreKUALA LUMPUR (Dec 26): TCS Group Holdings Bhd is making a cash call to raise working capital for its existing construction projects. The construction firm has proposed to undertake a renounceable rights issue of up to 243.6 million new shares at 12 sen per share, coupled with free warrants to raise up to RM29.23 million,…
Read MoreKUALA LUMPUR (Dec 26): The demolition process of the Shah Alam Stadium for the reconstruction of the new Shah Alam Sports Complex (KSSA) is expected to be carried out soon. This follows the approval given by the Shah Alam City Council (MBSA) for the KSSA development project last Friday (Dec 22), a matter recently confirmed…
Read MoreKUALA LUMPUR (Dec 26): Bina Puri Holdings Bhd, whose share price more than doubled this year, fell as much as 15.79% to a low of eight sen in morning trade on Tuesday (Dec 26), following its proposal to raise up to RM75.62 million through a private placement after undertaking a consolidation of every five shares…
Read MoreNo compromise with owners of business premises leasing out licences to foreigners, employing illegal immigrants, says Zaliha “I have instructed DBKL to carry out periodic checks and monitoring of business premises in the city to ensure issues such as leasing out business licences to foreigners without valid documents and employment of illegal immigrants can be eradicated.” PUTRAJAYA (Dec…
Read MoreKUALA LUMPUR (Dec 26): Sunview Group Bhd said its unit is buying Mestron Holdings Bhd’s 10% stake in Winstar Aluminium Manufacturing Sdn Bhd, raising the group’s interest in the aluminium firm to 30%. The renewable energy group said its wholly owned indirect subsidiary, Vafe System Sdn Bhd, is buying the additional stake for RM6 million….
Read MoreKUALA LUMPUR (Dec 22): Malaysian Resources Corp Bhd (MRCB) has proposed to acquire the rights to carry out the development of an office tower in the PJ Sentral commercial development from the Selangor State Development Corp (PKNS), for RM270 million. The acquisition consideration will be satisfied through the disposal of malls and several residential units…
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