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Damansara Realty queried again by Bursa

KUALA LUMPUR: Damansara Realty Bhd (DBhd) has received another unusual market activity (UMA) query from Bursa Malaysia, the second in about a month.

In its query yesterday, Bursa Malaysia asked DBhd to furnish details of any corporate development, rumour or report concerning the business or affairs of the group that could account for the unusual rise in its share price recently.

Oxley’s project sees interest from funds

KUALA LUMPUR: Oxley Holdings (M) Sdn Bhd (Oxley Malaysia), the local unit of Singapore developer Oxley Holdings Ltd, is in talks with several government-linked funds to invest in its RM3.5 billion mixed development planned in the heart of Kuala Lumpur.

AG General Reports Year 2013: AG raises alarm over EPF’s overseas investments

Kuala Lumpur: While the Auditor-General (AG) commended the Employees Provident Fund (EPF) for the wise management of its foreign property investments in 2013, the AG has also requested assistance from the Public Accounts Committee (PAC) to check on the fund’s escalating overseas real estate investments.

IJM, WCT, Gadang likely beneficiaries of US$27b Pengerang project

KUALA LUMPUR: IJM Corp Bhd, WCT Holdings Bhd and Gadang Holdings Bhd are likely beneficiaries of the US$27 billion (RM88.56 billion) Pengerang Integrated Complex (PIC) development in Johor. Project owner Petroliam Nasional Bhd (Petronas) received the stamp of approval to proceed last Thursday.

Deep value in SBC Corp, says CIMB Research

KUALA LUMPUR: SBC Corp Bhd, a contractor-turned developer with property projects in Peninsular Malaysia and Sabah and Sarawak, has picked up interest over the past one month as investors took note of its deep asset value. The company has seen its share price jump some 40.6% since the beginning of March.