Company Overview and News
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June 16, 2016 (LBO) – Sri Lanka’s listed Shalimar and Indo Malay have entered into a deal to sell two estates to a Malaysian company subject to certain conditions.
KUALA LUMPUR (June 15): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Thursday, June 16) could include: Hap Seng Consolidated, Malaysia Smelting Corporation (MSC), Sapura Resources, Tien Wah, Hiap Teck Venture, Rex Industry and Kossan. Hap Seng Consolidated Bhd is planning a mixed development with a preliminary gross development value (GDV) of RM9.
KUALA LUMPUR (June 15): Hap Seng Consolidated Bhd is buying 36 parcels of freehold agriculture land with an aggregate land size of 1,449.52 acres in Kuala Selangor for RM228.75 million, to develop a mixed development with an estimated gross development value (GDV) of RM9.3 billion.