Signing ceremony between Ekovest Bhd and Employees Provident FundEkovest Berhad (Ekovest), a Bursa Malaysia Main Market listed company involved in construction, property development and infrastructure concession businesses, recently announced that its wholly-owned subsidiary, Nuzen Corporation Sdn...

BY INTAN FARHANA ZAINUL  KUALA LUMPUR: The sale of a 40% stake of Ekovest Bhd’s concession highway Duta-Hulu Kelang Expressway (DUKE) to the Employee Provident Fund (EPF) for RM1.13bil is expected to complete by first quarter of next year.Today, Ekovest has entered into a conditional share sale...

BY TOH KAR INN KUALA LUMPUR: Property development company Titijaya Land Bhd’s wholly-owned subsidiary Titijaya Resources Sdn Bhd has today signed a shareholders agreement with CREC Development (M) Sdn Bhd for the construction and development of a leasehold land at Embassy Row, Jalan...

Operations ended: Rainforest Resort & Spa has been closed since May this year. PETALING JAYA: The loss-making Jerejak Rainforest Resort & Spa (JRRS), owned by Tropical Island Resort Sdn Bhd (TIRSB) whose shareholders are UDA Holdings Bhd and the Penang government, will be redeveloped in a joint...

BY MEK ZHINMore often than not, personal financial health is a low priority for most Malaysians, says Chin.Credit reporting agency CTOS has made its consumer credit score report available via phone apps. Your ‘credit-bility’ is now in the public realm, with the agency saying this may encourage...

BY EUGENE MAHALINGAMLooking Ahead: Noor Lida and Muhamad Zaili speaking to StarBiz on I&P property projectsSHAH ALAM: I&P Group Sdn Bhd, which has purchased a tract of land in Semenyih, Selangor, intends to turn it into a mixed development project over the next two to three years.Marketing head...

HONG KONG: China Evergrande Group said it is seeking a market value of US$33.7 billion in its Shenzhen backdoor listing that will house most of its property assets, according to a document for investors seen by Reuters on Monday.The injection of assets in Shenzhen Special Economic Zone Real Estate...

Singapore: Singapore sovereign wealth fund GIC has bought a top European warehouse developer and manager for 2.4 billion euros (US$2.7 billion) in Europe’s biggest real estate transaction this year, a joint statement said on Monday.GIC, one of the world’s top 10 state investment funds, bought...

Canon Marketing’s head office is across from the Subang Jaya LRT station.CANON Marketing (Malaysia) Sdn Bhd, the leading imaging solutions provider, has relocated its head office to Tower 6, UOA Business Park in Glenmarie, Shah Alam, in line with its strategy of expansion and...

The EU is the only major economic region to report higher levels of business confidence in the Young Presidents Organisation (YPO) Q3 survey, as Asia edged down slightly, with Asean experiencing marked decline, while the US remained largely stable.YPO, the premier chief executive leadership...