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HIL Industries Bhd’s indirect wholly-owned subsidiary, Amverton Prop Sdn Bhd, has entered into a conditional sale and purchase agreement with A&M Modern Homes Sdn Bhd (AMMH) to acquire a three-acre parcel of land in Kuala Lumpur for RM47mil cash.
received valid acceptances of 94.38% in property developer TA Global Bhd . The delisting of the latter will follow next Tuesday as TA Enterprise does not intend to maintain its listing status. There have also been privatisation offers for TA Enterprise by its chairman and co-founder Datuk Tiah Thee Kian and for FGV Holdings Bhd by the Federal Land Development Authority (Felda). All these developments have sparked talk in the market that privatisations could be on the rise. It may have been better for these exercises to be carried out a few months back when the market was still slightly supp...