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