Silver Lining:
The Yuan has gained ground.. much to the delight of local firms who do business in Yuan and report earnings in Singapore dollars...
YTL MAKES a move: Malaysia's biggest builder spent 285 million dollars for control of Mazquarie Prime Reit which owns stakes in Wisma Atria and Ngee Ann City...This is pretty smart considering the down market now... And what did the company say? "Challenging equity and debt conditions have led to attractive valuations.."
The Malaysian company owns Starhill Mall in Kuala Lumpur and currently with the purchase, owns also the longest stretch of streel-level frontage along the Orchard-Road belt.
No comments:
Post a Comment