IJM agress to buy 50% of Leisure
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PETALING JAYA: IJM Corp Bhd unit IJM Properties Sdn Bhd has agreed to buy a 50% stake in Larut Leisure Enterprise (HK) Ltd, which owns a partially completed commercial and residential complex in Changchun, north-east China.
IJM told Bursa Malaysia that IJM Properties would buy 1.52 million shares in Larut Leisure from Larut Overseas Ventures Sdn Bhd. Larut Overseas is a subsidiary of Talam Corp Bhd.
For the deal, IJM Properties will pay HK$1 and assume RM25.63mil of loans from the Talam group to Larut Leisure.
Larut Leisure has a 60% stake in Jilin Dingtai Enterprise Development Co Ltd, which owns the Yin Hai Complex.
IJM said the gross sales value of the 35-storey complex was estimated at 745 million yuan (RM340mil).
Friday, June 29, 2007
The bond that lasts
The bond that lasts
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KRISTALBOND is the latest in solar protection technology that allows high levels of light transmission. It can be applied seamlessly to existing windows of all sizes and shapes.
And if you’re worried that it can’t be applied to curved glass, you can throw that worry out the window now!
The technological advancement of KristalBond combines breakthrough ultra-low temperature Sol-Gel technology and Nanotechnology to produce a liquid that bonds permanently to glass.
The clear, non-reflective KristalBond liquid bonds seamlessly onto glass
After application of the KristalBond liquid onto the glass, it will dry and cure in about 45 minutes, depending on the surface area and the environmental conditions.
KristalBond retains the original specifications of glass and more importantly, it does not distort or colour the original glass specification. The coating in its standard form is clear, non-reflective and colourless.
KristalBond is a high-tech and affordable-cost solution to conserve energy by reducing excessive heat penetration into building and alleviating heat build-up; reduce fading to building interior including furniture and furnishing; and shield occupants from health risks associated with sun rays.
KristalBond also solves common problems faced by film tints as it does not require adhesive, nor contain high amounts of metallic substance. For building glass applications, KristalBond provides a 10-year warranty against peeling, bubbling and delaminating.
KristalBond is also suitable for automobile glass applications as it is 100% JPJ (Malaysian Road & Transport Department) compliant.
Digg this story Add to your del.icio.us account
KRISTALBOND is the latest in solar protection technology that allows high levels of light transmission. It can be applied seamlessly to existing windows of all sizes and shapes.
And if you’re worried that it can’t be applied to curved glass, you can throw that worry out the window now!
The technological advancement of KristalBond combines breakthrough ultra-low temperature Sol-Gel technology and Nanotechnology to produce a liquid that bonds permanently to glass.
The clear, non-reflective KristalBond liquid bonds seamlessly onto glass
After application of the KristalBond liquid onto the glass, it will dry and cure in about 45 minutes, depending on the surface area and the environmental conditions.
KristalBond retains the original specifications of glass and more importantly, it does not distort or colour the original glass specification. The coating in its standard form is clear, non-reflective and colourless.
KristalBond is a high-tech and affordable-cost solution to conserve energy by reducing excessive heat penetration into building and alleviating heat build-up; reduce fading to building interior including furniture and furnishing; and shield occupants from health risks associated with sun rays.
KristalBond also solves common problems faced by film tints as it does not require adhesive, nor contain high amounts of metallic substance. For building glass applications, KristalBond provides a 10-year warranty against peeling, bubbling and delaminating.
KristalBond is also suitable for automobile glass applications as it is 100% JPJ (Malaysian Road & Transport Department) compliant.
Mah Sing proposes sea villas for Southbay project
Mah Sing proposes sea villas for Southbay project
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KUALA LUMPUR: Mah Sing Group Bhd has proposed to build sea villas as an added attraction in its Southbay Penang project.
Managing director Datuk Leong Hoy Kum said Mah Sing was in the process of submitting its application to develop these villas.
Speaking after the company AGM yesterday, he said should it be given approval, it would be a first in Penang.
He also said Southbay’s current gross development value (GDV) of RM1.28bil did not include the proposed sea villas, which would be built on the seabed.
“Southbay’s target market includes local and foreign investors who are keen to invest in high-value commercial properties,” he said.
Southbay’s residential developments, Legenda@Southbay Penang and Residence@Southbay Penang, are set to be launched in the first half of 2008, to be followed by commercial properties.
Also included in its target market for Southbay were participants in the Malaysia My Second Home programme, Leong said.
The foreign investors interested in Mah Sing’s properties were from South Korea, Japan, the Middle East, Hong Kong, the US, Singapore and Europe, he said.
Leong also said the group was keen to lure institutional investors, as Malaysia’s property sector was attractive due to its prices being among the lowest in the region.
On overseas markets, Leong said Mah Sing was discussing with some parties in Vietnam to venture into residential and condominium development within Ho Chi Minh City, and also exploring opportunities in Doha.
“But, we are in no hurry to venture overseas. We are evaluating opportunities and, if we do go abroad, we want to ensure minimal capital outlay,” he added.
On the Icon development in Jalan Tun Razak, Kuala Lumpur, Leong said Mah Sing was keen to retain one of its blocks to ensure recurring income.
Mah Sing would capitalise on the low supply of semi-detached houses and bungalows in the Klang Valley, he said.
He added that of the total residential supply (in the Klang Valley), only 5% consisted of these types of residences.
Also, Leong said, Mah Sing was keen to further boost its commercial and office property sector due to its high growth potential.
Based on studies from Regroup Associates, it is estimated that buyers outnumber sellers by as much 15:1 in certain (commercial) developments.
With this high demand, it had set a target price of about RM900 per sq ft for Grade A offices in Kuala Lumpur within two years.
To date, Mah Sing has 13 developments and, with unbilled sales of RM430mil as at March 31, bringing its total GDV to RM3.9bil.
Digg this story Add to your del.icio.us account
KUALA LUMPUR: Mah Sing Group Bhd has proposed to build sea villas as an added attraction in its Southbay Penang project.
Managing director Datuk Leong Hoy Kum said Mah Sing was in the process of submitting its application to develop these villas.
Speaking after the company AGM yesterday, he said should it be given approval, it would be a first in Penang.
He also said Southbay’s current gross development value (GDV) of RM1.28bil did not include the proposed sea villas, which would be built on the seabed.
“Southbay’s target market includes local and foreign investors who are keen to invest in high-value commercial properties,” he said.
Southbay’s residential developments, Legenda@Southbay Penang and Residence@Southbay Penang, are set to be launched in the first half of 2008, to be followed by commercial properties.
Also included in its target market for Southbay were participants in the Malaysia My Second Home programme, Leong said.
The foreign investors interested in Mah Sing’s properties were from South Korea, Japan, the Middle East, Hong Kong, the US, Singapore and Europe, he said.
Leong also said the group was keen to lure institutional investors, as Malaysia’s property sector was attractive due to its prices being among the lowest in the region.
On overseas markets, Leong said Mah Sing was discussing with some parties in Vietnam to venture into residential and condominium development within Ho Chi Minh City, and also exploring opportunities in Doha.
“But, we are in no hurry to venture overseas. We are evaluating opportunities and, if we do go abroad, we want to ensure minimal capital outlay,” he added.
On the Icon development in Jalan Tun Razak, Kuala Lumpur, Leong said Mah Sing was keen to retain one of its blocks to ensure recurring income.
Mah Sing would capitalise on the low supply of semi-detached houses and bungalows in the Klang Valley, he said.
He added that of the total residential supply (in the Klang Valley), only 5% consisted of these types of residences.
Also, Leong said, Mah Sing was keen to further boost its commercial and office property sector due to its high growth potential.
Based on studies from Regroup Associates, it is estimated that buyers outnumber sellers by as much 15:1 in certain (commercial) developments.
With this high demand, it had set a target price of about RM900 per sq ft for Grade A offices in Kuala Lumpur within two years.
To date, Mah Sing has 13 developments and, with unbilled sales of RM430mil as at March 31, bringing its total GDV to RM3.9bil.
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