‘S P Setia-I&P viability hangs on execution’
Areka Capital Sdn Bhd chief executive officer Danny Wong said bringing the two major property developers under one roof is seen as streamlining operations.
HCK points to share-split plan in response to UMA query
Shares in the company settled at their highest closing price of RM6.20 yesterday, after just some 62,200 shares were traded.
Mulpha’s cyclone-hit Australian resort closed till mid-2018
Mulpha International Bhd’s resort on the Great Barrier Reef in Australia will be closed till mid-2018 for rectification works following “sufficiently extensive” damage caused by Cyclone Debbie on March 28.
Penang undersea tunnel feasibility studies 87% complete, says Guan Eng
Speaking at a press conference, Lim said the undersea tunnel, part of the RM6.3 billion integrated infrastructure project awarded to Consortium Zenith BUCG Sdn Bhd, needs to be built by 2027 and therefore there was still time.
‘Don’t blame us for delay in Penang third link’
Works ministry still waiting for supporting documents from state government.
E&O share trade suspended pending announcement
According to sources quoted by The Edge Financial Daily, the developer is believed to have found a strategic investor to pump in fresh capital to kick-start land reclamation for Phase 2A of the Seri Tanjung Pinang (STP) development — part of the remaining 760-acre STP project.
Berjaya Land to acquire 70% stake in hotel industry consultation company
Berjaya Land Bhd plans to acquire 70% of Hotel Integrations Sdn Bhd (HISB), which specialises in the provision of consultation and related services in the hotel industry, for RM1.36 million.
Eco World's unit to subscribe 27% of EWI shares and warrants respectively
Eco World Development Group Bhd’s wholly-owned subsidiary Eco World Capital (International) Sdn Bhd (EW Capital) would subscribe 648 million new shares with 259.2 million free warrants or 27% of the new Eco World International Bhd (EWI) shares and warrants, respectively.
Anzo unit gets deal to build phase two of Melaka hotel
The contract is for the proposed turnkey design, approval, build and delivery with certificate of completion and compliance for phase two consisting of a 216-room hotel complete with interior fit-out and furnishing, associated infrastructure works and equipment installation.
Metronic Global cancels JV to develop RM80 mil mixed project after agreement lapsed
In a stock exchange filing yesterday, Metronic said the JV agreement, dated Nov 15, 2013, lapsed after the parties failed to procure the necessary approvals and consents from the relevant authorities within the period provided in the agreement. The slowdown in the property market was also cited as a factor.
