News by PublicInvest Research

LBS Bina Group announced the acquisition of a 7.98-acre plot of leasehold land in the Seri Kembangan area for a total consideration of RM63 million...

Works on the DoubleTree by Hilton hotel is also under way, with completion in 2019.

Due to the current difficult trading environment, driven by weak sentiments, low affordability, stricter bank lending and rising incoming supply.

Eastern & Oriental Bhd (E&O) is selling its subsidiary E&O Express Sdn Bhd which owns and operates the Lone Pine Hotel in Batu Ferringhi, Penang, for RM85 million.

MK Land Holdings Bhd has entered into two sale and purchase agreements with KL Teh Land and Development Sdn Bhd for the disposal of nine parcels of leasehold land for RM72 million.

It is expected to attract total investments of RM290 billion by 2045...

To recap, its total capital commitment for STP2A is estimated at RM1.8 billion (including infrastructure costs) and it still has 507 acres (205ha) remaining to be reclaimed in other phases. The assets that could be disposed of, among others, include its hotels (such as Straits Quay and Lone Pine) and certain land banks that could collectively be sold for more than RM400 million.

The group announced on Wednesday that its 51.9%-owned subsidiary Biz Bina Development Sdn Bhd has entered into a joint development agreement with YPJ Plantations Sdn Bhd (YPJ) for the proposed development of a 541.4-acre (219ha) plot of leasehold land in Sg Tiram, Johor.

The i-SoHo and i-Suite developments are fully sold while the Liberty and Parisien Towers projects have achieved an average of 80% sales.

In line with the recent entry of EduCloud, an integrated education platform, Prestariang Bhd has proposed to purchase eight-storey semi-detached signature corporate office/retail suites in Cyberjaya for RM25 million to house transformational businesses.