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NAZA Corp Sdn Bhd yesterday agreed to buy 838.204 acres of industrial land in Bertam, Penang, from Bertam Properties Sdn Bhd.
Over 10,000 landed residential properties will be developed in Bertam till 2020 to cater to the needs of the township's rising population, which is expected to hit 100,000 by that year.
GEORGE TOWN: Suiwah Corp Bhd’s new RM50mil shopping mall in Bertam, Kepala Batas, is expected to open in June.
KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK), whose £359.3mil (RM1.82bil) all-cash offer to take over London-listed plantation firm M.P. Evans Group PLC was earlier rejected by the target company's board, is now taking the same proposal directly to M.P. Evans shareholders.
KUALA LUMPUR: The proposed move by Kuala Lumpur Kepong Bhd (KLK) to acquire British company MP Evans Group Plc, which caught analysts monitoring the stock off guard, is positive as the offer price is attractive and the take over will enhance the company’s future earnings.
KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK) has sweetened its takeover offer for London-listed MP Evans Group Plc, which operates plantations in Indonesia and Malaysia, from 640 pence (RM34.41) to 740 pence (RM39.78).
KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK) went ahead and posted its offer document to MP Evans Group PLC’s shareholders on Friday despite MP Evans board’s rejection of its sweetened offer and claim of having the support of shareholders controlling almost 41% of its issued share capital,