News by Gho Chee Yuan

The fresh fund raised from the proposed new share placement will be used for the subscription for EcoWorld International Bhd’s (EWI) initial public offering (IPO) — in which Tan Sri Liew Kee Sin is the executive vice-chairman. Tian Xiong is the son of Kee Sin.

Eco World Development Group Bhd (EcoWorld) is proposing a private share placement to raise as much as RM768.39 million for EcoWorld International Bhd's initial public offering (IPO).

Kimlun told Bursa Malaysia that its unit Kimlun Sdn Bhd had received the letter of award from Meridin East yesterday — which tasked it to construct 492 houses in Mukim Plentong.

Hektar Real Estate Investment Trust (REIT), which expects to maintain its distribution per unit (DPU) at 10.5 sen in the current financial year ending Dec 31, 2016 (FY16), is also identifying potential acquisition targets across the country to widen its portfolio under management.

Gabungan AQRS Bhd made several changes to its management line-up yesterday, with its major shareholder and chief executive officer (CEO) Ng Chun Kooi, 55, redesignated as the company’s executive vice-chairman.

Hektar Real Estate Investment Trust (REIT) will continue its mall enhancement initiatives this year, allocating RM20 million to increase the overall net lettable areas (NLA) of Landmark Central in Kedah by 20,000 sq ft to 300,000 sq ft.

Besides external assets, the trust is also eyeing those to which it has the rights of first refusal, including sister company Malton Bhd’s Pavilion Bukit Jalil, Pavilion Damansara Heights, as well as Pavilion Extension.

Aset Kayamas is scheduled to launch the second phase of The Henge this weekend.

Aseana Properties Ltd, a London-listed property developer in which Ireka Corp Bhd has a 23% stake, is selling the Aloft Kuala Lumpur Sentral Hotel in Malaysia to Prosper Group Holdings Ltd for RM418.7 million (US$104.6 million).