KLCCP’s unit upsizes sukuk programme to RM2 bil, issues RM600 mil sukuk
KLCC Property Holdings Bhd’s (KLCCP) (KL:KLCC) wholly owned unit Suria KLCC Sdn Bhd has upsized its sukuk murabahah programme to RM2 billion from RM600 million.
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MUI group continues to unlock asset value
Andrew Khoo Boo Yeow, the son to whom Tan Sri Khoo Kay Peng passed the baton six years ago, has been in the thick of action to unlock the MUI group’s asset value over the past two years.
Cahya Mata Sarawak aborts joint development of hotel, serviced apartments in Kuching Isthmus
Cahya Mata Sarawak Bhd (KL:CMSB) has aborted its joint venture project to build a four-star hotel and serviced apartments in Kuching Isthmus, a business district in Kuching, Sarawak, with its joint venture (JV) partners.
DONE DEAL: Semidee house, Taman United, Kuala Lumpur
Noteworthy:
- Freehold
- Built-up size: 2,800 sq ft
- Land size: 5,200 sq ft
- 5 bedrooms, 3 bathrooms
- Semi-furnished
- Nearby amenities: Assunta Hospital, Kerinchi Hill Forest Park, University of Malaya, The Scott Garden, MRT Kuchai Lama, Mid Valley Megamall, The Gardens Mall
- Accessibility: NPE, Old Klang Road, Sungai Besi Expressway, KL-Seremban Expressway, MEX, KESAS, Federal Highway
When: September 2024
DONE DEAL: Terrace house, Taman Puncak Jalil, Seri Kembangan, Selangor
Noteworthy:
- Leasehold
- Built-up size: 1,400 sq ft
- Land size: 1,400 sq ft
- 4 bedrooms, 3 bathrooms
- Semi-furnished
- Nearby amenities: Pavilion Bukit Jalil, Columbia Asia Hospital - Bukit Jalil, MRT Taman Equine, Universiti Putra Malaysia, UNITEN
- Accessibility: MEX, SKVE, LDP, KL-Seremban Expressway, Lebuhraya Bukit Jalil
When: September 2024
Electricity tariff hike will ultimately push up prices for shoppers, mall operators warn
Shopping mall operators said the proposed electricity tariff hike will put further financial pressures on them, who are still grappling with post-pandemic challenges, and ultimately lead to higher prices for consumers.
Epicon executive chairman joins Lagenda Properties’ board
Epicon Bhd (KL:EPICON) executive chairman Koong Wai Seng is joining Lagenda Properties Bhd’s (KL:LAGENDA) board as an executive director.
Retailers urge govt to reconsider electricity tariff hike over impact on country's economic recovery
The Malaysia Retailers Association (MRA) has expressed concerns about the government's decision to increase the base electricity tariff, arguing that it will negatively impact the country's competitiveness and economic recovery.
Sunway appoints outgoing Sapura Energy CEO Anuar Taib as deputy president
Sunway Bhd (KL:SUNWAY) has appointed its independent director Datuk Mohd Anuar Taib to an executive role as deputy president effective Jan 2, 2025.
Gamuda buys land from MUI Properties-Chin Teck JV for RM424m cash, for data centre project
Gamuda Bhd is acquiring 389.7 acres of land in the Springhill Industrial Park, Port Dickson for RM424.4 million, cash, from a joint venture (JV) between MUI Properties Bhd (MUIPROP) and Chin Teck Plantations Bhd.
