The purpose of the exercise is to reduce UDA’s financial burden and ensure the company continues to implement development projects for the economic growth of the country as well as safeguard the interest of bumiputera in urban areas.
The REIT said the issue price represents a discount of approximately 9.5% to the volume weighted average price of the units for the five market days up to and including April 3 of RM1.3254 per unit.
... alleging that over 20 parties comprising companies and individuals acting in concert have accumulated more than 33% equity stake without making a mandatory general offer.
Leong stated that the collaboration with CECC will help Chinese investors understand Malaysia’s real estate and manufacturing industry as well as the government’s policies better.
The MOU is part of China’s RM170 billion foreign direct investment commitments secured by Malaysia in conjunction with Prime Minister Datuk Seri Anwar Ibrahim’s visit to China last week.
PPB Properties has unveiled the Lumina Bedong township development in Bedong, Kedah. The township has an estimated gross development value of RM900 million and is expected to complete by 2035.
Tan Sri Bashir Ahmad Abdul Majid, former managing director of Malaysia Airports Holdings Bhd (MAHB), has been appointed as chairman of Mass Rapid Transit Corp Sdn Bhd (MRT Corp) — the wholly owned transit arm of the Ministry of Finance.
Berjaya Land Bhd (BLand)’s application for a six-month extension to comply with its approved public shareholding spread requirement of 20% was rejected by Bursa Malaysia Securities Bhd.
Encorp Bhd has received a take-up rate of 70% for Iris, the second property launch for the Encorp Cahaya Alam township in Shah Alam. Following the good response, the developer is also eyeing to launch its final phase, Akasia 2, in this quarter.
However, this withdrawal is conditional where the withdrawal payment will only be made to the banking institution when the member reaches the age of 50 to 55, as stipulated in the EPF Act 1951.
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