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KUALA LUMPUR: Mitrajaya Holdings Bhd has clinched a RM333.55mil contract to construct an academic building and car park for a higher learning institution in Kuala Lumpur.
KUALA LUMPUR: Bank Negara Malaysia (BNM) swooped on five premises in three states on Aug 17 for suspected money laundering while relevant documents, cash and foreign currencies were seized.
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) does not expect its Merdeka PNB118 mega tower to create an office space glut in the KL city centre, given sufficient demand once it is completed.
Eastern & Oriental Bhd’s (E&O) financial year 2017 (FY17) results were a positive surprise. Its reported net profit of RM87.7mil for FY17 was 70% above the consensus forecast of RM51.7mil and 54% above AffinHwang’s estimate of RM57mil.
PETALING JAYA: IOI Properties Group Bhd (IOI Prop) saw a strong set of topline performance in its second quarter ended Dec 31, 2016, mainly boosted by its property development segment.
KUALA LUMPUR: In a stock exchange where real estate investment trusts (REITs) own assets as varied as commercial, office, industrial, hotel and plantation properties, a REIT listing will have to “stand out” in terms of portfolio to get the attention of investors.
PETALING JAYA: Malaysian REIT Managers Association (MRMA) chairman Datuk Jeffrey Ng said Malaysian REITs will give an average distribution yield this year of 6.3% despite the escalating supply of office and retail space in the country, particularly in the Klang Valley.
PETALING JAYA: Gadang Holdings Bhd has entered into a joint-venture (JV) agreement with Perikatan Progresif Sdn Bhd (PPSB) or the landowner for the proposed development of a parcel of leasehold residential land, measuring approximately 17.5 acres located at Taman Putra Perdana, Puchong, with an estimated gross development value of RM160mil.