wingtai_14.jpg The Edge

Wing Tai takeover offer 'not fair but reasonable', says independent adviser

News Jun 23, 2017

Mercury Securities said the offer is unfair because the offer price represents a discount of 49.3% to 49.86%, or RM1.75 to RM1.79, from its estimated fair value range.

nexgramholdings_4.jpg The Edge

Nexgram 3Q net loss narrows

News Jun 23, 2017

"As part of on-going business rationalisation and a continuation of the group’s long term growth strategy, the group is in the midst of securing new projects for property, construction and logistics businesses."

bina-darulmannew_3.png The Edge

Bina Darulaman issues maiden RM50 mil sukuk

News Jun 23, 2017

Bina Darulaman Bhd (BDB) has issued its maiden sukuk, RM50 million Sukuk Wakalah, the first tranche of the Kedah-based property and construction company's seven-year, RM100 million Sukuk Wakalah Programme.

singapore_123rf.jpg By 123RF for The Edge

Asian cities are the most expensive for expats

News Jun 23, 2017

Asian cities are the most expensive cities for expatriates, according Mercer’s 2017 Cost of Living Survey.

uol.jpg The Edge

UOL a step closer to achieving ‘statutory control’ of UIC in share swap deal with Haw Par

News Jun 23, 2017

UOL says the deal will bring it closer to its aim of achieving statutory control in UIC in the future.

countrygarden_4.jpg The Edge

Country Garden’s Forest City hit by capital controls

News Jun 23, 2017

According to a Bloomberg report, subsidised junkets that once flew in prospective buyers to development sites in Johor have dwindled, while some buyers who have put down money for deposits are mulling cancelling their purchases.

spsetia_new_10.jpg The Edge

S P Setia down 7% on cash call for I&P Group acquisition

News Jun 23, 2017

Shares of S P Setia Bhd fell 6.91% in morning trade following its announcement to make a cash call to fund its acquisition of I&P Group Sdn Bhd, and mixed views from analysts on the plan.

20130329_inf_bandarmalaysian@sungaibesiairport6_sy_0.jpg The Edge

Malaysia issues Bandar Malaysia RFP, seeks Fortune 500 affiliate

News Jun 23, 2017

The proposed Bandar Malaysia real estate project is on a 194ha (486 acre/21.17 million sq ft) tract within the old airport site in Sungai Besi here.

magnaprima_7.jpg The Edge

Magna Prima earnings expected to recover from FY18 onwards

In Depth Jun 23, 2017

Hua Yang Bhd emerged as Magna Prima’s largest shareholder in April after raising its stake in Magna Prima to 30.06% from 10.84%.

mrcb_14.jpg The Edge

EPF, Gapurna to avoid MGO in MRCB cash call

News Jun 23, 2017

Malaysian Resources Corp Bhd (MRCB) said its major shareholders Employees Provident Fund (EPF) and Gapurna Sdn Bhd (GSB) will avoid triggering any mandatory general offer (MGO) while they apply for excess rights shares and warrants under the group’s cash call exercise.