News by syafiqah Salim

The group via its wholly-owned subsidiary Greencove Sdn Bhd has entered into a sale and purchase agreement with Prousaha (M) Sdn Bhd, a wholly-owned unit of Asia Pac Holdings Bhd, to acquire the land with a temporary building erected thereon

Including 99 brought-in-dead cases

OSK's property segment recorded RM173.5 million revenue compared with RM97.4 million in 2QFY20, contributed by the ongoing projects such as Ryan & Miho, YouCity III, Iringan Bayu and Bandar Puteri Jaya and cost savings on completed projects

Revenue jumped seven-fold to RM817.87 million, from RM114.91 million in 2QFY20, on higher revenue from the leisure and hospitality businesses in the US, Bahamas, the UK and Egypt.

As at the closing of the restricted offering on Aug 20, the REIT's manager had received valid acceptances for 241.95 million ROFS units and 362.92 million corresponding distribution-in-specie units.

The latest cases were discovered from testing 160,196 individuals across the country in the past 24 hours, indicating a positivity rate of 15.36%.

Active cases rose to 264,292 from 262,713 yesterday, as new recoveries came in slightly lower than infections at 20,798. This brought total recoveries to 1.34 million.

The leasehold land measuring 38,451 square metres comes with a development order and building plan approval for two 22-storey blocks of apartment comprising 479 units.

The Klang Valley reported a total of 5,231 infections today. Selangor and Kuala Lumpur, which are part of the region, reported the lowest numbers of infections in 34 days.

According to the group, the new 1.1 million sq ft warehouse in Senai Airport City will be Tiong Nam’s largest facility to date, adding that it will serve as a dedicated sales and distribution centre for the MNC’s Asia Pacific markets.