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IGB Bhd subsidiary sells 50% stake in property investment firm for nearly RM600m

In a statement to Bursa Malaysia on Thursday (Oct 21), IGB Bhd said VSB and Tower Ray Ltd (TRL), which each owned a 50% stake in BPL prior to the sale, on Wednesday (Oct 20) entered into the sale and purchase agreement with HNG and VSB’s holding company IGB Corp Bhd to sell VSB and TRL’s stakes in BPL to HNG for a collective £208.75 million

Malaysia's consumer spending to begin recovery in 2022, says Fitch

In its Malaysia 2022 Consumer Outlook report released on Wednesday (Oct 20), Fitch said spending will follow the wider economic recovery as higher vaccination rates over the first half of 2022 (1H22) allow for more localities to lift restrictions that have hampered retail sales

DONE DEAL: Condominium at Mutiara Upper East, Kuala Lumpur

Noteworthy:
Leasehold
● Semi-furnished
● Built-up: 1,733 sq ft
● Four bedrooms, four bathrooms
● Facilities: Barbecue area, gym and recreational facilities, multipurpose hall, playground, sauna, 24-hour security
● Amenities: International School Kuala Lumpur, Royal Selangor Polo Club, Taman Tasik Ampang Hilir, Raintree Club, SK Desa Pandan, Royal Selangor Golf Club, Lotus’s Ampang
● Accessibility: Jalan Ampang, Middle Ring Road 2 (MRR2) and Ampang-Kuala Lumpur Elevated Highway (AKLEH)

When: May 2021