<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Apr 29): Knusford Bhd has entered into a sale and purchase agreement with Tropicana Danga Bay Sdn Bhd to acquire 11 retail units within Tropez Residences, a mixed development located in Johor Bahru, for a total of RM9.07 million.</p></div>

<div class=newsTextDataWrapInner><p>In a Bursa Malaysia filing this evening, Knusford (fundamental: 1.8, valuation: 3) said the units would be used as the group’s corporate office in Johor Bahru and for future investment income generation.</p></div>

<div class=newsTextDataWrapInner><p>The acquisition of the properties would be funded from internally-generated funds and/or [borrowings from] financial institutions.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Knusford shares closed two sen lower at RM1.86, with a market capitalisation of RM185.34 million.</p></div>

<div class=newsTextDataWrapInner><p><span style="font-size:12px"><em>(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)</em></span></p></div>


KUALA LUMPUR (Apr 29): Knusford Bhd has entered into a sale and purchase agreement with Tropicana Danga Bay Sdn Bhd to acquire 11 retail units within Tropez Residences, a mixed development located in Johor Bahru, for a total of RM9.07 million.

In a Bursa Malaysia filing this evening, Kn...

Knusford acquires 11 retail units from Tropicana Danga Bay for RM9m

KUALA LUMPUR (April 19): Meta Bright Group Bhd is forming a joint venture company (JVco) with a Bumiputera firm to bid for renewable energy (RE) projects with a Bumiputera equity requirement.

Meta Bright forms JVco with Bumiputera firm for RE projects

(April 19): Moody’s Ratings this week gave private credit investors greater reason for concern about credit quality in the flourishing $1.7 trillion industry.

The ratings company on Monday reduced its outlook for direct lending funds managed respectively by BlackRock Inc., KKR & Co....

Private credit funds get Moody’s warning on problem loans

MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times, ahead of its listing on the Bursa Malaysia Main Market on April 30.

Main Market-bound MKH Oil Palm’s IPO oversubscribed by 8.43 times

WASHINGTON (April 18): The International Monetary Fund urged Asian central banks on Thursday to focus on domestic inflation and avoid tying their policy decisions too closely to anticipated moves by the U.S. Federal Reserve.

Receding expectations for a near-term interest cut by the U.S....

IMF tells Asian central banks not to follow Fed too closely

Batik Air will suspend its operations to Istanbul, Turkiye, effective May 1, 2024, and affected passengers will be notified via email and text, said the airline operator, Malindo Airways Sdn Bhd.

Batik Air to suspend operations to Istanbul from May 1

Indonesia said fiscal and monetary policies are in sync to cushion the economy from the rising dollar, demonstrating an all-hands-on-deck approach, with the central bank signalling they’re intervening more actively to aid the rupiah.

Indonesia takes steps to shield economy from strong dollar

Some lenders to Thames Water could face losses of as much as 40% in the event that it ends up being nationalised by the UK government, according to contingency plans drawn up by officials.

Thames Water lenders face 40% losses if it’s nationalised

(April 19): Hedge funds and other international investors are sounding alarms after a profitable education company from China defaulted on its convertible bonds in March.

Hedge funds cry foul over Chinese education firm’s default

Mah Sing Group Bhd's M Oscar development in Sri Petaling has achieved an 85% Quality Assessment System in Construction (Qlassic) from the Construction Industry Development Board (CIDB). The certification was presented by CIDB Malaysia CEO Datuk Mohd Zaid Zakaria at an appreciation night for the completion of M Oscar recently.

Mah Sing's M Oscar awarded 85% Qlassic score

Cities are facing a growing number of crises that cannot be resolved by traditional means. These include the challenges of coexisting with significant cultural differences and diversity, developing the sustainability agenda and discovering the city’s role and purpose on an economic, cultural and ...

Shaping Kuala Lumpur into a creative city

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

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