KUALA LUMPUR: Adenan Md Yusof was appointed chief operating officer (COO) of AmanahRaya-REIT Managers Sdn Bhd on May 18.

Adenan is replacing Abas Abd Jalil, who resigned as COO on the same day. The latter was then appointed as AmanahRaya-REIT Managers’ non-executive director. The trust also appointed Shahrol Anuwar Sarman as its non-independent non-executive director on May 18.

HONG KONG: Lacklustre bidding at a government land auction for a Tung Chung site last week, and a slump in investor sentiment on the stock market have triggered a new round of consolidation in the property market.

KUALA LUMPUR: A number of property-related companies announced the listing of share option schemes or proposed similar schemes on May 18.

Bina Puri Holdings Bhd and YNH Property Bhd will list 23,000 new shares and 1.76 million new shares of RM1 each respectively, on May 20.

HONG KONG: China’s investor sentiment has taken a hammering from recent measures to clamp down on credit and curb property price growth in the country, analysts say -- and the spillover effects are already evident in Hong Kong's property market.

BRUSSELS: All new buildings constructed in Europe after 2020 will have to be virtually carbon-neutral after the European Parliament gave new energy standards the last approval they needed on May 18.

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) will lead the development of most of the government land, particularly in the Klang Valley, with a view to ensuring returns to the government are maximised, said sources.

Malaysian Resources Corp Bhd

Below expectation

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