Ken plans to branch out into hospitality sector with new project

By BUSINESS TIMES KUALA LUMPUR: Engineering specialist Ken Holdings Bhd will branch out into the hospitality sector with its upcoming Ken TTDI (Taman Tun Dr Ismail) commercial development. The project is due to be completed by 2014, Ken Holdings chairman K.C. Tang said. The company invested RM120 million in the project. It will consist of [...]


Billion-ringgit tower atop LRT station

By THE STAR Project to be developed by joint venture PETALING JAYA: In what may be Syarikat Prasarana Negara Bhd’s most ambitious project yet to unlock value from its real estate, the national public transport operator is partnering with a developer to build a billion-ringgit tower atop its Dang Wangi light rail transit (LRT) station. [...]


Tradewinds Corp to build resort hotel in Langkawi

By BERNAMA LANGKAWI: Tradewinds Corporation Bhd’s subsidiary, Benua Mahsuri Sdn Bhd, will build an international-standard resort hotel on this duty-free island. Langkawi Development Authority (LADA) chief executive officer Tan Sri Khalid Ramli said this would draw more affluent tourists to Langkawi, hence increase the island’s tourism receipts per capita in the future. He was speaking [...]


IGB unit plans 2 hotels in Penang

By THE STAR GEORGE TOWN: Cititel Hotel Management Sdn Bhd (CHM), a subsidiary of IGB Corp Bhd, is set to introduce two new hotels in this heritage city. Construction on 0.4ha for both hotels in Jalan Magazine began in September last year and the hotels are expected to open for business in 2014. CHM managing [...]


Cititel to build 2 hotels for RM183m

By BUSINESS TIMES GEORGE TOWN: Cititel Hotel Management (CHM) Sdn Bhd, a subsidiary of IGB Corporation Bhd, will invest RM183 million to build two more hotels on the island. CHM managing director Datuk Eric H.K. Lim said the properties would be built at the Gat Lebuh Noordin area by early 2014. The two hotels are [...]


IGB buys 50% stake in hotel owner for RM277.5mil

By THE STAR PETALING JAYA: IGB Corp Bhd is acquiring a 50% stake in Great Union Properties Sdn Bhd (GUP) for RM277.5mil cash. The sum comprises the proposed acquisition of 50 million RM1 shares from Stapleton Developments Ltd and Chong Kim Weng, representing a 50% equity interest in GUP for RM101.35mil and settlement of shareholder’s [...]