Pine Properties Sdn Bhd, a 99.8%-owned subsidiary of IOI Properties Group Bhd, has signed a shareholders’ agreement with MJR Investment Pte Ltd on Jan 26.
Hua Yang Bhd’s maiden project in Penang, Meritus Residensi, has recorded a 34% take-up rate as of today since the project’s introduction last November, said the developer in a statement.
Eco World Development Group Bhd has despatched a circular to its shareholders, seeking their approval for its proposed acquisition of two parcels of land in Batu Kawan, Penang for RM875.24 million.
Sitting on a 14,000 sq ft freehold site, Isola KLCC is a RM206 million project with 140 serviced residence units. Each unit will have one to three bedrooms and built-ups of between 635 sq ft and 1,625 sq ft.
Prestariang Bhd has proposed to acquire eight properties at Star Corporate Park, Star Central@Cyberjaya for RM25.5 million, to accommodate its future expansion plans.
The disposal, according to the filing, was done on Jan 20, 2017 via “a private arrangement”.
IGB REIT reported stronger sequential earnings in 4QFY2016 which grew 2% quarter-on-quarter to RM70.3 million.
Move will split the conglomerate into three listed entities.
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