TA Global breaks ground on RM3b Ativo Annexe in Bandar Sri Damansara
TA Global Bhd has broken ground on the RM3 billion Ativo Annexe development, marking the next major phase of its 48-acre Damansara Avenue masterplan in Bandar Sri Damansara.
MACC to oppose Ilham Tower’s bid to stop company secretary from disclosing information
The Malaysian Anti-Corruption Commission (MACC) will oppose the legal bid by Ilham Tower and its operators—Ilham Tower Sdn Bhd and Ilham Baru Sdn Bhd—to prevent its company secretary from providing documents to the anti-graft agency, after the High Court allowed the MACC to intervene in the ongoing case.
MUI secures US$20 mil term loan to support finance costs and expenses
Malayan United Industries Bhd (KL:MUIIND), or MUI, has secured a term loan facility of US$20 million (RM84.3 million) granted by Singapore-based direct lending fund Indies Special Opportunities LV Ltd.
EMKAY to soft launch The Ayu Residences on Oct 12
EMKAY Group will soft launch The Ayu Residences this Sunday (Oct 12), introducing a low-density residential development within the freehold township of Bandar Seri Putra.
Ivory Properties to be delisted on Oct 14 after Bursa rejects regularisation plan extension
Practice Note 17 (PN17) company Ivory Properties Group Bhd (KL:IVORY) will be delisted from the Main Market of Bursa Malaysia next Tuesday (Oct 14), after the stock exchange rejected its appeal for more time to submit a regularisation plan.
Kampung Sg Baru redevelopment had no consent threshold at approval, says FT minister
Minister in the Prime Minister’s Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa told Parliament there was no official consent threshold in place when the Kampung Sungai Baru redevelopment project was approved in 2020.
Govt says residents, not authorities, chose Kampung Sg Baru developer
The government on Thursday said it had no role in choosing the developer for the Kampung Sungai Baru redevelopment project—the decision was made entirely by the residents, Parliament was told.
Partnering Mitsui Fudosan in RM1.3b Semenyih project will reduce financial stress on S P Setia, analysts say
A partnership with Japan’s Mitsui Fudosan will help reduce the balance sheet stress on S P Setia Bhd (KL:SPSETIA) in the RM1.3 billion development of a residential project in Semenyih, analysts said.
HLIB cuts Pavilion REIT to ‘hold’ as price surpasses target amid lower yield outlook
Hong Leong Investment Bank (HLIB) has downgraded Pavilion Real Estate Investment Trust (KL:PAVREIT) to ‘hold’ given the recent share price rally amid a lower yield outlook.
Tropicana continues debt reduction efforts with RM139m sukuk redemption
Tropicana Corp Bhd (KL:TROP) has redeemed another tranche of its sukuk wakalah worth RM139 million under its RM1.5 billion programme, which matured on Wednesday.
