Trading ideas: IOI Properties, Affin, Nestcon, Grean Ocean, I-Bhd, Sime Property, Bintai Kinden, TMK, HE

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

IOI Properties Group Bhd is acquiring the remaining 50.1% stake in Singapore’s South Beach development from City Developments Ltd for RM2.75bn (SGD834.2mn), gaining full ownership of the mixed-use asset.