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Snapshots

SHILING WOON writes on: Selangor Properties, KNM Group and Nestle.

Business

Kayin seeks at least 50% + 1 share in SelProp

KAYIN Holdings Sdn Bhd, which is making a conditional voluntary general offer (VGO) to buy the remaining shares in Selangor Properties Bhd (SelProp) for RM2.40 each, is aiming for a minimum 50% plus one share in SelProp, a company spokesman said yesterday.

Business

Major shareholder makes VGO for Selangor Properties

Selangor Properties Bhd has received a conditional voluntary offer (VGO) from its major shareholder, Kayin Holdings Sdn Bhd, to buy the remaining shares in the company for RM2.40 each.

Business

Selangor Properties to focus on three core activities

SELANGOR Properties Bhd will focus on its core businesses of property development, education and investment property this year.

Business

E&O unit to buy land in Kuala Lumpur

EO Property Development Bhd's unit Puncak Madu Sdn Bhd (PMSB) is proposing to buy three parcels of freehold land in Kuala Lumpur for RM124.47mil cash.

Business

Lion Diversified unit in JV to buy land for developments

LION Diversified Holdings Bhd said its unit LDH Management Sdn Bhd has teamed up with American International Assurance Co Ltd (AIA), Koh Maju Sdn Bhd (KMSB) and Market Venture Pte Ltd (MVPL) to form a joint venture to buy a piece of freehold commercial land in Damansara Heights, Kuala Lumpur, for RM39.8mil cash, to build serviced apartments.

Business

News in brief

Business

SPB: Income from abroad steady

SELANGOR Properties Bhd (SPB) is confident its RM500mil investment in overseas equities and fixed income instruments, including bonds, will continue to generate strong earnings for the group in the coming years, financial controller Lee Boon Kian said.

Business

Selangor Properties invests in A$70mil Multiplex securities

PROPERTY company Selangor Properties Bhd will subscribe to 17.28 million Multiplex stapled securities at A$4.05 per security or a total of A$70mil in cash.

Business

News in brief