Global Oriental sells retail units in Pavilion Embassy for RM35 mil
Property developer Global Oriental Bhd (KL:GOB) said it is disposing of 18 retail units in its Pavilion Embassy project in Kuala Lumpur for RM35 million to pare its borrowings.
Property developer Global Oriental Bhd (KL:GOB) said it is disposing of 18 retail units in its Pavilion Embassy project in Kuala Lumpur for RM35 million to pare its borrowings.
Property developer Oriental Interest Bhd (KL:OIB) is expanding its landbank in Selangor through a RM80.77 million cash acquisition of 68.12 acres in Bukit Raja.
IGB Bhd (KL:IGBB) has proposed a bonus issue of one new share for every two shares held in the property group.
Construction outfit Sarawak Consolidated Industries Bhd (KL:SCIB) is venturing into property development through a joint residential and commercial project in Bintulu, Sarawak.
The firm is 80%-owned by Pagalavan C Rangasami and 20% by Rajasulochana Pagalavan, according to a bourse filing on Monday.
The cement manufacturer has been without a group managing director since September 2023, after Hugo Enrique Losada Barriola stepped down "due to personal reasons".
Malaysia’s home ownership is on the climb, with the figure seeing a moderate pick up last year compared to two years ago.
Chin Hin Group Property Bhd (KL:CHGP) said it is buying 25.9 acres of land just outside Kuala Lumpur for RM91 million in cash to develop a housing project with an estimated gross development value (GDV) of RM560 million.
IGB Bhd (KL:IGBB) is acquiring the site of Perak’s shuttered theme park, Movie Animation Parks Studios (MAPS), for RM43.65 million to replenish its land bank.
Malaysia Airports Holdings Bhd (MAHB) is willing to cooperate with the Malaysian Anti-Corruption Commission (MACC) if it investigates the RM456 million aerotrain upgrade, but the airport operator has not received any request yet, said managing director Datuk Mohd Izani Ghani.