Axis Real Estate Investment Trust, through its trustee RHB Trustees Bhd, has entered into a sales and purchase agreement to divest its Axis Plaza. The five-storey building will be sold to Collective Developers Sdn Bhd for MYR34 million.
Malaysia
Kellogg to invest $130M in Malaysia plant, eyes Asia-Pacific expansion
Michigan, US-based multinational food manufacturing firm Kellogg Company is pouring in $130 million (MYR428.2 million) in a new manufacturing plant in Malaysia to expand in the Asia-Pacific region.
Malaysia's Genting inks agreement with US partners to build Miami gaming resort
Genting Malaysia Group, which is majority owned by Genting Bhd, has signed an agreement with American groups Gulfstream Park Racing Association, Florida Horsemen's Benevolent & Protective Association and Florida Thoroughbred Breeders' Association to build a gaming resort in Miami, Florida.
Sources say Deutsche Bank hires Goldman Sachs Group Inc's Malaysia chairman for corporate finance
Citing sources, Bloomberg reported that Germany-based Deutsche Bank had hired Yusof Annuar Yaacob, Malaysia's Chairman for Corporate Finance of Goldman Sachs Group Inc, to become the lender's country head in Malaysia.
Malaysia's Cahya Mata Sarawak Bhd partners to build Southeast Asia's first integrated phosphate complex
Malaysian firm Cahya Mata Sarawak has agreed to work with various companies to build the first integrated phosphate facility Southeast Asia, the Daily Express reported.
Latest News
Leading Asian e-commerce company iBuy Group Ltd is raising $37 millionto pay for fund advertising and acquisitions in a fully underwritten initial public offering (IPO).
Citing sources, Bloomberg reported that US-based life insurance firm MetLife Inc is talking exclusively with AMMB Holdings for the acquisition of its Malaysian life insurance businesses.
At a luncheon meeting hosted by Keidanren lobby group and the Japan Chamber of Commerce and Industry, corporate leaders expressed the key importance of the Association of Southeast Asian Nations for the revival of the Japanese economy.
Indian airport developer GMR Infrastructure has put up for sale its stake in Istanbul airport Sabiha Gokcen International Airport. Malaysia Airports Holdings, which already owns a 20% stake in the Turkish airport, is looking to buy GMR's 40% holding.
India-based firm GMR Infrastructure Ltd said exit deal of its 40% interest in Istanbul's Sabiha Gokcen airport was still in progress, after a local paper reported it had already closed the deal for €220 million ($302.58 million).
Bloomberg Television said has forged a partnership with privately-held firm Encorp Group Sdn Bhd to establish the first business news channel in Malaysia next year.
Lazada, the "Amazon of Asia" has raised USD250 million from Rocket Internet to mainstream the company's position as the largest online retailer in Southeast Asia.
Singapore-listed umbilical cord blood and tissue banking service provider Cordlife Group Limited announces its acquisition of an additional 11.89% stake in Malaysia-based StemLife for a total of SGD7 million.
Vincent Tan, owner of Malaysia's Berjaya Group, is looking to list Cardiff City Football Club on Singapore's Catalist. Tan controls a 51% stake in Cardiff City, which has been recently promoted to the English Premier League.
