News by theedgemarkets.com

Prasarana Malaysia Bhd said parking at the ‘park n ride’ facilities at LRT stations in Ara Damansara, Glenmarie, USJ21, Alam Megah, Subang Alam and Putra Heights will be charged at RM4 per entry per day.

Yong Tai chief executive officer Boo Kuang Loon said the company will seek shareholder's approval for the corporate exercise at its forthcoming extraordinary general meeting (EGM) on Sept 1.

In a note today, the research house said that New South Wales (capital city: Sydney) will be proposing a stamp duty surcharge of 4% in its 21 June’s Budget following the move by Victorian and Queensland.

In its evening edition yesterday, the research house said EcoWorld continued to trade below the 20-day and 50-day moving average lines in the last two days after spending five days between the same two MA lines.

Naza TTDI will work on a 12.7-acre residential development that will comprise 278 residential units in Kwasa Damansara.

Based on an indicative issue price of RM1.24 per placement share, the exercise is expected to raise gross proceeds of between RM443.072 million (minimum scenario) and RM612.08 million (maximum scenario).

TheEdgeProperty.com, which in May launched property portals for Malaysia (www.theedgeproperty.com.my) and Singapore (www.theedgeproperty.com.sg), has seen traffic to the two sites grow by leaps and bounds, especially in September and October.
 

E&O said its subsidiary Tanjung Pinang Development Sdn Bhd had issued a letter of award to China Communications Construction Co Ltd’s Malaysian unit China Communications Construction Co (M) Sdn Bhd to undertake the proposed project.

Upon completion of the proposed disposal, Vintage Heights is expected to realise a net gain on disposal of approximately RM290 million. About RM116 million is expected to be attributable to Guocoland.

In its evening edition yesterday, the research house said Mah Sing continued to stay below the 20-day and 50-day moving average lines.