Weekly Newsletter - 1 Nov 2020
1 Nov, 2020
Category: Newsletter
Tags: Newsletter
A summary of corporate events, property news and industry insights.
Here's what we have for the week.
- GDB Holdings had been awarded a RM 1.25 billion contract for the provision of construction works of 8 Conlay Development.
- Supermax is proposing a
dual listing on Singapore Exchange.
- Kenanga
Investment Bank acquired a 4.99% equity interest in Merchantrade.
- MAA Group, the insurance provider had acquired a substantial stake in MicroLeap, a P2P lending platform approved by SC Malaysia.
- Another listed company is venturing into the business of glove manufacturing. This time, it's DGSB.
- Another
related party transaction is done between DRB-Hicom Bhd and Tradewinds Plantation Bhd.
This time, it's Melaka land.
- Chin Hin Group Property Bhd recently acquired 62 acres of land in Serendah, Selangor.
- The market is expecting another interest rate cut in November. A low-interest-rate environment is bad for the insurance provider.
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