SC approves Seloga's revised rights issue
KUALA LUMPUR: The Securities Commission (SC) has approved of a revision to Seloga Holdings Bhd's proposed rights issue, it announced on Bursa Malaysia on Monday, Sept 13.
Latest
Singaporean buys 31 office units at The Crest
KUALA LUMPUR: The Crest @ Jalan Sultan Ismail, a 26-storey Grade A office tower developed by SKN Land & Development, has recorded a block sale of 31 office units to a Singaporean investor.
The office tower, comprising 143 office units, were soft-launched early this year.
CMSB to acquire extra shares in CMS Premix, CMS Premix (Miri) for RM12m cash
KUALA LUMPUR: Cahya Mata Sarawak Bhd (CMSB) has proposed to acquire additional stakes in CMS Premix Sdn Bhd and CMS Premix (Miri) Sdn Bhd from Mintaro Sdn Bhd for a total of RM12 million cash, it announced on Bursa Malaysia on Monday, Sept 13.
SunCity to expand investments
KUALA LUMPUR: Since Sunway Real Estate Investment Trust’s (SunREIT’s) debut on July 8, which netted RM500 million in proceeds for Sunway City Bhd (SunCity), investors may be wondering what the property developer plans to do with the hefty amount of cash.
Shanghai home mortgage loans fall in August -cbank
SHANGHAI: Shanghai's stock of individual mortgages fell by 1.06 billion yuan (RM487 million) in August, the first monthly fall this year, as government efforts to cool down the sector continued to hit home purchases.
DDB enters MoU to undertake 300-acre development in Chaoan, China
KUALA LUMPUR: Daiman Development Bhd (DDB) has entered into a memorandum of understanding (MoU) with the People’s Government of Chaozhou Municipality (PGCM) to acquire and develop a 300-acre tract of land in Chaoan County, China.
Plenitude (OSK Research) maintain buy; target price RM4.84
A Bonus Surprise
THE BUZZ
On 7 Sept 2010, Plenitude proposed a 1-for-1 bonus issue (Bursa).
OUR TAKE
Announces 1-for-1 bonus issue. We had always wondered what Plenitude would do with the large reserves that the company has been building up since its listing in 2003.
S P Setia - An expanding presence in Johor (OSK Research Sept 13)
An Expanding Presence in Johor
THE BUZZ
On 9 Sept 2010, SP Setia announced that it would be acquiring 259.1 acres of freehold land within the Tebrau Corridor in South Johor, Malaysia, from a private developer called Kelana Ventures SB. The acquisition is expected to be completed in late 2011. (Bursa)
OUR TAKE
Dubai World reaches $24.9 bln debt deal
DUBAI: State-owned conglomerate Dubai World reached a formal deal to restructure almost US$25 billion (RM77.6 billion) of liabilities, partly easing recently heightened concerns over the Gulf emirate's debt woes.
Hypo Real Estate gets 40 bln euros in extra guarantees
FRANKFURT: Bailed-out German bank Hypo Real Estate (HRE) will temporarily receive an additional 40 billion euros (RM159 billion) in guarantees to set up a bad bank, the national bailout fund Soffin said on Friday.
The total volume in guarantees will increase to 142 billion euros to avoid liquidity shortages at HRE, Soffin said.
