News by Anette Appaduray

Moving forward, the group is cautiously optimistic despite the global economic downturn, stringent lending requirements by financial institutions, and weak consumer sentiment.

Construction company Ekovest Bhd wins a RM6.32 billion job to build an expressway that consists of Kampung Baru Link, Istana Link and Kapar Link Expressway in the Klang Valley.

Eight years ago, when turnaround specialist Datuk Tiong Kwing Hee was headhunted to undertake the restructuring of property developer EcoFirst Consolidated Bhd, he knew it would be an uphill battle.

Malaysian real estate investment trusts (REITs) have had a stable ride over the past year as they are viewed as a preferred safe haven amid the current market volatility. Today, many of them are trading above their initial public offering prices.

This is expected to bring the group a net gain on disposal of about RM47.78 million, based on the net carrying value of Talam Transform's investment in the Chinese unit, Jilin Province Maxcourt Hotel Ltd

The Park Collection will have a total of 119 apartments, offering a mixture of studio apartments and one-, two- and three-bedroom apartments alongside two-, three- and four-bedroom Park Walk Townhouses, and is due for completion in the summer of 2019.

The Series 1 7% notes, due in 2019, was issued by Mudajaya Ventures Ltd (MVL) under its US$200 million Euro Medium Term Note Programme.

Amcorp Properties Bhd (AmProp) is planning to venture into the Hong Kong property market via a tie-up with Grosvenor Asia Pacific Ltd.

EcoWorld Development Bhd’s shareholders today approved the provision of financial assistance by the Employers Provident Fund (EPF) to the group’s subsidiary, Paragon Pinnacle Sdn Bhd. 

Mitrajaya said they will negotiate with the relevant parties “to ensure that a fair compensation is received”.