Plenitude to unveil more properties

By YEOW POOI LING Elsie Chua with a model of the Taman Desa Tebrau project in Johor. KUALA LUMPUR: Plenitude Bhd will be kept busy from the second half of the year as it plans several property launches. By the …


IOI plans to return RM1.37bil

By THE STARKUALA LUMPUR: IOI Corp Bhd said it proposes to return as much as RM1.37bil as capital repayment to shareholders.Shareholders of the world’s biggest oil palm planter would receive RM21 for each stock that would be cancelled for every 20 shares held, it said in a filing with Bursa Malaysia.The capital repayment would be [...]


Property stocks in focus, Proton falls

By JOSEPH CHINProperty stocks were in focus in the morning session on March 30, with those priced below RM1 accounting for half of the top 20 most active counters. Proton fell on a news report that Volkswagen had scrapped the talks for a possible tie-up.At 12.30pm, the KLCI rose 0.44% or 5.38 points to 1,241.27, [...]


Mah Sing corporate exercise gets nod

By BERNAMAMAH Sing Group Bhd will use the proceeds from its corporate exercise involving rights issue, share split and bonus issue for working capital and new development projects in the Klang Valley and Johor.It said in a statement in Kuala Lumpur that the shareholders approved the corporate exercise, to be completed by June, at yesterday’s [...]


Gamuda, WCT and Sinohydro bag more jobs

By OOI TEE CHINGA GAMUDA Bhd, WCT Engineering Bhd and China-based Sinohydro Corp tripartite joint venture has been awarded additional jobs worth RM200 million at the New Doha International Airport (NDIA) in Qatar, topping up their contract to RM2 billion from RM1.88 billion.”The NDIA steering committee has approved RM200 million more jobs for us to [...]


MCDF attracts interest of over 3 times

By THE EDGEMalayan Banking Bhd (Maybank) and Singapore’s CapitaLand Group’s closed-end private equity investment fund, Malaysia Commercial Development Fund (MCDF), attracted interest of more than three times due to strong global investor demand.Maybank said on March 29 that they had successfully closed the MCDF, which is Malaysia’s largest private equity real estate fund, at US$270 [...]