KUALA 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…
Read MoreKUALA LUMPUR (Dec 22): The comprehensive revision and transformative changes of the Malaysia My Second Home (MM2H) programme have the potential to spur and invigorate real estate opportunities in Malaysia while enhancing its global connections, said the International Real Estate Federation (Fiabci) Malaysia. Its president, Datuk Firdaus Musa (pictured), lauded the revised MM2H programme, noting…
Read MoreKUALA LUMPUR (Dec 21): Kumpulan Jetson Bhd has turned down a requisition from 10 shareholders to convene an extraordinary general meeting (EGM) on the grounds that they did not collectively hold at least 10% of the company’s shares on the day of the request. “We note that the requisitionists collectively held 25,324,384 or 9.45% of…
Read MoreKUALA LUMPUR (Dec 21): Oriental Interest Bhd has entered into a deal with TTDI Land Sdn Bhd to jointly develop 54.55 acres of land in Klang into commercial and residential units. The property developer said that under the deal, its 52.5%-owned subsidiary, Total Majority Sdn Bhd, has secured the rights to develop the project on…
Read MoreKUALA LUMPUR (Dec 21): The Malaysian Anti-Corruption Commission (MACC) has on Thursday seized the Ilham Tower that is said to be owned by former finance minister Tun Daim Zainuddin. The 60-storey building is located at the golden triangle area in the city centre, at No 8, Jalan Binjai. The seizure order, dated Dec 18 and…
Read MoreKUALA LUMPUR (Dec 22): Poorly managed property will affect the value of your property development versus a well-managed one. “It’s very clear to see that if we don’t manage it well, it will affect the reputation or image of your property. The moment you lose out on a good reputation, your rental will get affected…
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