News by M

Four GCBs changed hands for S$36 million (RM112 million) over two days from June 24 to 25.

The decision of Dua Residency could also potentially open the floodgates to frivolous civil suits brought against developers by the majority of homebuyers coming together to compel the MC to do so. The majority could also mean only the majority of owners that were present during the general meeting.

Solid Horizon managing director James Yeoh: The mobile ICU can be set up within three days. It has the ability to expand, be reused, relocated and to serve as a pandemic recovery building. It is a more sustainable alternative to permanent structures

Allen, who was the co-founder of Microsoft, purchased the property from American film and television actor Rock Hudson in 1997. Extensive renovation works were done on the property with an inspired 1920s Spanish-hacienda style following the purchase.

The placement will involve 18.67 million shares, which will be issued to third-party investors to be identified later at a yet-to-be issue price. 

Quarter-on-quarter, however, the REIT’s rental income weakened 2.77% from RM22.69 million in the first quarter.

Net earnings per unit rose to 0.54 sen in the quarter, from 0.01 sen in 2QFY20.

Despite the Covid-19 taking its toll on some establishments though, with banners seeking for rentals hung on several units, the SS2 district in Petaling Jaya, Selangor has not appeared to lose its “liveliness”

Some feel that brick-and-mortar shops may be going out of fashion, no thanks to the pandemic. Do you agree?

The proceeds to be received from the subscription of shares will be utilised by TPSB for working capital and other financial obligations.