News by theedgemarkets.com

Investment analysts covering the stock believe that Gamuda can unlock the value of its highway concessions through the deal and that this will strengthen the group’s balance sheet, lower leverage, reward shareholders with special dividends and reduce borrowings.

Westports, authorities and external parties are still ascertaining the extent of the damage, and how many containers have been affected, the group said in a filing.

This represented 66.2% of the total 300,397 property transactions recorded in 2021 and 53.1% of the total property value transacted of RM144.87 billion, based on data released by the National Property Information Centre (NAPIC), which operates under the Finance Ministry’s Valuation and Property Services Department (JPPH).

The year 2021 saw 300,497 property transactions worth RM144.87 billion recorded, up 1.5% and 21.7% y-o-y respectively, NAPIC said in a statement in conjunction with the release of its Property Market Report 2021.

Heah, who directly holds 1.61 million shares in EcoWorld, has more than 30 years of experience in audit, corporate finance and corporate investment.

Au was the founding managing director (MD) and editor-in-chief of The Edge Property Sdn Bhd, which owns the EdgeProp.my (previously known as TheEdgeProperty.com) weekly publication and www.EdgeProp.my — Malaysia's most relevant and empowering property portal.

According to a press statement, the three business lines of CBRE|WTW will be renamed as CBRE WTW Valuation & Advisory Sdn Bhd (formerly known as C H Williams Talhar & Wong Sdn Bhd), CBRE WTW Real Estate Sdn Bhd (formerly known as WTW Real Estate Sdn Bhd), and CBRE WTW Property Services Sdn Bhd (formerly known as WTW Property Services Sdn Bhd).

In a Bursa Malaysia filing, the group said the freehold land, measuring 11,744 sqm, was acquired in June 2011 for RM5.85 million

Under the JV, Europlus is entitled to get RM62.11 million in return for granting JMSB the exclusive right to build homes on the plots — comprising 411 units of double-storey terrace houses on one of the plots (Land 1 measuring 11.3ha), and 710 units of double-storey terrace houses on the other plot (Land 2, measuring 20ha).

In a statement, UOB said the issuance is the third tranche of EXSIM’s RM2 billion Sukuk Musharakah Programme that monetises future earnings of the developer’s green residential development in the Klang Valley.