(The Sun 22-2-2008)
Friday, February 22, 2008
Company Announcement: AmFIRST REAL ESTATE INVESTMENT TRUST
PROPOSED ACQUISITION BY MAYBAN TRUSTEES BERHAD ("TRUSTEE"), ACTING AS TRUSTEE FOR AND ON BEHALF OF AmFIRST REIT, FROM MEDA DEVELOPMENT SDN BHD (“MEDA” OR “VENDOR”), A WHOLLY-OWNED SUBSIDIARY OF MEDA INC. BERHAD (“MEDA INC.”), OF ALL PROPERTY UNITS OWNED BY THE VENDOR THAT ARE LOCATED WITHIN THE MIXED COMMERCIAL COMPLEX KNOWN AS “THE SUMMIT SUBANG USJ” (“PROPOSED ACQUISITION”) Read more
(KLSE 21-2-2008)
Dijaya buys 10ha lands for RM18m
KUALA LUMPUR: Dijaya Corporation Bhd’s unit Dijaya Property Sdn Bhd (DPSB) is acquiring two parcels of freehold land measuring at 9.24 hectares and 1.59ha each in Cheras, Hulu Langat, Selangor for RM18.66 million. It told Bursa Malaysia yesterday that the proposed acquisition was in line with its plan to increase its land bank to generate long-term sustainable income for the group. “DPSB plans to carry out a residential development on the properties with a preliminary estimated gross development value (GDV) of RM200 million,” Dijaya said.
(The Edge 22-2-2008)
Gamuda MD cuts stake, stock tumbles
Datuk Lin Yun Ling will still be committed to his role as a managing director and no management reshuffling is likely to happen, says a company official SHARES of Gamuda Bhd, Malaysia's second biggest builder, suffered their biggest drop in 10 years yesterday, after managing director Datuk Lin Yun Ling reduced his stake in the company to 1.73 per cent from 5.23 per cent.Lin sold 70 million Gamuda shares through Credit Suisse (Hong Kong) Ltd on Wednesday, reducing his stake to 34.7 million shares from 104.7 million in a deal believed to be valued at around RM350 million.While the news came as a surprise to the industry, Lin reiterated that he will be retaining the remaining shares and his management position, which he has held since 1981."I am undertaking this partial disposal for estate planning purposes as I last sold shares in April 2002," Lin said in a statement, without elaborating on his future plans. Read more
(New Straits Times 22-2-2008)
Relief for owners
.jpg)
MALACCA: The owners of 143 pre-war shophouses and houses in old Malacca were shocked when told the state had gazetted their buildings for acquisition. They knew about the state’s intention after DAP secretary general Lim Guan Eng showed them a Jan 17 letter from the state Land and Mines Department here recently. Crying foul: These buildings along the Malacca River are among the 143 in the proposed gazette by the state.However, state Housing and Development Committee chairman Datuk Koh Nai Kwong urged the building owners to ignore the letter, claiming it was a mistake. Read more
(The Star 21-2-2008)
MRCB nears key support level
WEAK performances on the regional stock sent share prices on Bursa Malaysia drifting to lower levels yesterday. Its overall declining counters out-paced its advancing counters by 597 to 195. The Kuala Lumpur Composite Index (KLCI) fell from its intra-day high of 1,427.38 to its intra-day low of 1,404.44 yesterday. The KLCI closed at 1,414.32 points, giving a day-on-day loss of 11.17 points, or 0.78 per cent. Malaysian Resources Corporation Bhd (MRCB) staged a technical breakdown yesterday. Its daily price trend closed at RM2.41, posting a day-on-day loss of 25 sen, or 9.40 per cent. Chartwise, MRCB's daily price trend fell from its intra-day high of RM2.95 on February 13 all the way down to its intra-day low of RM2.40 on February 20, recording a total loss of 55 sen, or 18.64 per cent. Read more
(New Straits Times 21-2-2008)
Hunza Prop sets sights on foreigners
.jpg)
The developer wants to promote the high-end 'Alila 2' residential project in Penang to buyers from Europe, Hong Kong, South Korea, Indonesia and Singapore HUNZA Properties Bhd (Hunza) plans to launch a high-end residential project on Penang island in 2010 to capture demand from foreign buyers.The new project, codenamed "Alila 2", is sited on a 4ha plot in Tanjung Bungah. It will be promoted to buyers in Europe, Hong Kong, South Korea, Indonesia and Singapore. Read more(New Straits Times 21-2-2008)
Subscribe to:
Posts (Atom)
