Gula Perak plans to sell hotels to settle debts
By THE STARPETALING JAYA: Gula Perak Bhd said has proposed to sell two hotels to Hong Kong-based Time Glory Investment Ltd for a combined value of RM193.9mil to pay off outstanding debts, the PN17 affected issuer told Bursa Malaysia yesterday.Gula Perak had, on April 22, announced that the redeemable secured notes (RSN) totalling RM287.3mil had [...]
CapitaMalls Asia eyes RM860m from listing
By BUSINESS TIMESSINGAPORE’S CapitaMalls Asia Ltd could raise about RM860 million from the listing of its Malaysian assets in a real estate investment trust (REIT) on Bursa Malaysia.Held under CapitaMalls Malaysia Trust (CMMT), the portfolio is made up of Gurney Plaza in Penang, Sungei Wang Plaza in Kuala Lumpur, and the Mines in Selangor.CapitaMalls Malaysia [...]
Good response to IJM Land project
By BUSINESS TIMESPROPERTY developer IJM Land Bhd (5215) has seen overwhelming response from Korean buyers for its RM500 million The Pearl Regency development on Penang island.Apart from an en bloc sale of the entire commercial portion of the project comprising 83 commercial units worth RM90 million to a Korean party, IJM has also seen 40 [...]
AEON buys land for RM27.13m
By BUSINESS TIMESAEON Co (M) Bhd is buying three pieces of leasehold land and two parcels of state land in Perak, measuring a total 6.9ha, for RM27.13 million.It told Bursa Malaysia yesterday that it is buying the land to expand its retail business by opening new shopping centres and outlets.- Land Sale Transaction Perak
Prime Central London’s Finest Masterpiece | London Apartments For Sale
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RM4b projects seen in Penang
By THE STARThis year’s figure less than forecast due to global uncertaintiesGEORGE TOWN: The Penang Master Builders and Building Materials Dealers Association (PMBBMDA) expects the value of construction contracts in Penang this year to be slightly over RM4bil, which is the same as last year, but below the RM5bil forecast in 2009.PMBBMDA president Vincent Ong [...]
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