Exchanges courting TA to list property trust

By BUSINESS TIMESTA ENTERPRISE Bhd, which expects to list its first property trust by year-end or early 2008, is being courted by three stock exchanges, its top official said. Executive chairman Datin Alicia Tiah said stock exchanges in Malaysia, Singapore and Australia are keen on having TA list its real estate investment trust …


Majuperak: Property project in the works

By BUSINESS TIMESSTATE-owned Majuperak Holdings Bhd made its debut on Bursa Malaysia’s main board yesterday and has prepared a masterplan for a property project on one fourth of its 1,699.6ha landbank in Perak. The listing followed Majuperak’s estimated RM150 million takeover of troubled United Chemicals Industries Bhd (UCI), which was listed on the …


Sime UEP to launch USJ Heights

By THE STARPETALING JAYA: Sime UEP Properties Bhd plans to launch the first two phases of its mixed residential development, USJ Heights, next month.“The development is a gated and guarded concept blended in six distinct precincts.“Each precinct is held together with a themed garden,” Sime UEP managing director Jauhari Hamidi told StarBiz.The six precincts will [...]


Landmarks to sell assets

By THE STARKUALA LUMPUR: Landmarks Bhd is finalising plans which may involve disposing of certain non-core assets and signing joint-venture agreements.Chairman Oh Teik Tatt declined to furnish details at the company AGM yesterday but said everything was going as planned, and announcements to Bursa Malaysia would be made accordingly.“We expect to finalise the masterplan on [...]


Majuperak plans project in Penang

By THE STARKUALA LUMPUR: Perak state-owned Majuperak Holdings Bhd plans to launch a 17.9-acre commercial development in Seberang Prai, Penang, by early next year.Majuperak, which yesterday began trading on the main board after taking over from United Chemical Industries Bhd (UCI) of the second board, has submitted the application to the Penang Government.The application includes [...]


YNH joint venture with CapitaLand called off

By THE STARPETALING JAYA: YNH Property Bhd’s share price has fallen 50 sen over the past three days on reports that a proposed joint-venture agreement with Singapore’s CapitaLand Ltd has lapsed, which was confirmed by the latter yesterday.However, YNH is confident the development of Menara YNH in Jalan Sultan Ismail, Kuala Lumpur, will proceed as [...]