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Tower Real Estate Investment Trust (REIT) is planning a listing on Bursa Malaysia based on the investment portfolio of two prime properties in Kuala Lumpur.
CHIPMAKER Unisem (M) Bhd, eyeing the growing semiconductor demand in China, is already planning additional investment in its proposed plant in Chengdu. Chief executive officer John Chia said it would invest an additional US$30mil this year in research and development (RD) equipment at the new facility, expected to be operational by April.
SHARES in Unisem (M) Bhd surged to a five-month high yesterday after a stockbroking firm said the company was in the best position to benefit from the rising global semiconductor sales.
Malaysia recorded a 60.4% or RM6.4bil increase in the overall surplus balance for the third quarter ended September to RM17bil compared with the second quarter.