News by theedgemarkets.com

In a note today, TA Securities analyst Tan Kam Meng said that alternatively, Tiong Nam could revisit the idea of unlocking asset value via the establishment of a warehouse real estate investment trust (REIT).

Parkson in its Facebook update on Thursday (Dec 26) put up a post that read "Clearance Sale. Everything must go." The post also said the sale was being held between Dec 27, 2019 and Feb 2, 2020.

As one of the lawyers representing four of the six accused was involved in a freak accident in Klang earlier this month. Lawyer V Rajagopal is said to have been in a coma since yesterday.

In a bourse filing yesterday, the group said Asiabio Capital Sdn Bhd and Tan Sik Eek are calling for the EGM to be convened on Jan 16 to elect Dr Azirul Salihin Anuar, Chua Yeong Lin and Mah Soon Chai to the group’s board.

The single-storey factory building and ancillary area including a single-storey office cum canteen, is located at Persiaran Raja Muda in Section 16 of the Selangor capital.

In a filing with Bursa Malaysia, 7-Eleven said it is subscribing 490,030 new shares at RM15.33 a share, giving the group 46.45% stake in the enlarged issued share capital of MSB.

MEF expects retrenchments in Malaysia to increase to 30,000 workers in 2019 compared to the 21,000 reported in 2018 as the country is affected by the sluggish global economy and the uncertainty that surrounds it.

PKNS-Andaman Development Sdn Bhd (PKNS), in its statement of claim dated Sept 13 and served on Dec 23, accused PCSB of failing to pay the rent as provided for in a tenancy agreement dated Oct 2, 2017.

Advancecon on Tuesday said the works, to be carried out by its wholly-owned subsidiary Advancecon Infra Sdn Bhd, are expected to be completed by April 5, 2021.

Axis REIT Managers Bhd CEO and executive director Leong Kit May said the acquisition is in line with the REIT’s strategy to acquire yield accretive assets which are located strategically and served by good amenities.