<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 14): Pavilion Real Estate Investment Trust (REIT) said on Thursday (July 14) that discussions to buy Pavilion Bukit Jalil mall from Malton Bhd are still ongoing.</p></div>

<div class=newsTextDataWrapInner><p>"The due diligence exercise in connection with the potential acquisition of Pavilion Bukit Jalil is currently at an advanced stage and discussions on the terms of the sale and purchase agreement are still ongoing with Regal Path Sdn Bhd (a subsidiary of Malton Bhd)," Pavilion REIT said in a filing with Bursa Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>Malton said in December last year that it was in talks to sell Pavilion Bukit Jalil mall — located within the 50-acre Bukit Jalil City, a development under Malton — to Pavilion REIT.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Malton's executive chairman and major shareholder Tan Sri Desmond Lim is also the chairman and non-independent executive director of Pavilion REIT Management Sdn Bhd, the manager of Pavilion REIT.</p></div>

<div class=newsTextDataWrapInner><p>Pavilion REIT's portfolio comprises Pavilion Kuala Lumpur mall, Intermark Mall, Da Men Mall, Elite Pavilion Mall and Pavilion Tower.</p></div>

<div class=newsTextDataWrapInner><p>Malton shares closed unchanged at 39.5 sen, valuing the group at RM205.94 million.</p></div>

<div class=newsTextDataWrapInner><p>Pavilion REIT rose one sen or 0.76% to RM1.32 for a market capitalisation of RM4.03 billion.</p></div>


Pavilion Real Estate Investment Trust said on Thursday (July 14) that discussions to buy Pavilion Bukit Jalil mall from Malton Bhd are still ongoing.

Talks on buying Pavilion Bukit Jalil mall from Malton still ongoing — Pavilion REIT

Russia attacked Ukraine's energy system and some cities with cruise and ballistic missiles plus drones on Wednesday in an "inhuman" Christmas Day assault, Ukraine's President Volodymyr Zelenskiy said.

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Talks between China and Japan's foreign ministers in Beijing have paved way for Japan to host China's foreign affairs chief next year, and mutual agreement to hold a security dialogue as soon as possible, Japan said on Wednesday.

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Japan's Nippon Steel is seeing support for its proposal to acquire US Steel in the regions of the US where steel mills are located, Nippon Steel's President Tadashi Imai told reporters on Wednesday.

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China refrained from cutting the interest rate and drained the most cash since 2014 with a one-year policy tool, keeping its powder dry ahead of possible escalation in trade tensions with the US next year.

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South Korea's suspended President Yoon Suk Yeol did not respond on Wednesday to a second summons by anti-corruption authorities who, along with prosecutors, are investigating his short-lived martial law decree issued early this month.

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An Embraer passenger plane flying from Azerbaijan to Russia crashed near the city of Aktau in Kazakhstan on Wednesday with 62 passengers and five crew on board, Kazakh authorities announced, saying that 32 people had survived.

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The price of a litre of RON95 petrol will remain unchanged at RM2.05, while the retail price of RON97 will increase by three sen from RM3.22 per litre to RM3.25 per litre from Thursday to Jan 1, 2025.

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China stocks closed roughly flat on Wednesday, as gains in energy shares offset losses in small-cap shares, while the Hong Kong market was closed for a public holiday.

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Japan's Nikkei share average reversed early losses to end higher on Wednesday, driven by gains in the auto sector although trade was dominated by retail investors, who bought back cheap stocks in muted trade with many global markets closed for the holidays.

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Prime Minister Datuk Seri Anwar Ibrahim has assured that the Madani government will provide full cooperation if efforts to locate Malaysia Airlines flight MH370 yield results.

Anwar: Govt will fully cooperate if MH370 search yields results

<p>Private equity firms KKR and Bain Capital each offered more than US$5 billion (RM22.44 billion) in first-round bids for the non-core assets of Japan's Seven &amp; i Holdings, according to people familiar with the matter.</p>


KKR and Bain each bid more than US$5b for Seven & i assets — Reuters

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<p>An Embraer passenger plane flying from Azerbaijan to Russia crashed near the city of Aktau in Kazakhstan on Wednesday with 62 passengers and five crew on board, Kazakh authorities announced, saying that 32 people had survived.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim has assured that the Madani government will provide full cooperation if efforts to locate Malaysia Airlines flight MH370 yield results.</p>


<p>Taiwan has rejected Uber Technologies Inc’s plan to acquire Delivery Hero SE’s Foodpanda local business for US$950 million (RM4.26 billion), the official <em>Central News Agency</em> reported.</p>


Taiwan blocks Uber purchase of Delivery Hero’s arm — report

<p>Talks between China and Japan's foreign ministers in Beijing have paved way for Japan to host China's foreign affairs chief next year, and mutual agreement to hold a security dialogue as soon as possible, Japan said on Wednesday.</p>


<p>Johor Bahru’s property market has been on an upward trend owing to spillover effects from positive initiatives and announcements over the past few quarters, says Olive Tree Property Consultants Sdn Bhd CEO Samuel Tan when presenting <em>The Edge Malaysia</em> | Olive Tree Property Consultants Joh...

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<p>Japan's Nikkei share average reversed early losses to end higher on Wednesday, driven by gains in the auto sector although trade was dominated by retail investors, who bought back cheap stocks in muted trade with many global markets closed for the holidays.</p>


<p>China stocks closed roughly flat on Wednesday, as gains in energy shares offset losses in small-cap shares, while the Hong Kong market was closed for a public holiday.</p>


<p>Russia attacked Ukraine's energy system and some cities with cruise and ballistic missiles plus drones on Wednesday in an "inhuman" Christmas Day assault, Ukraine's President Volodymyr Zelenskiy said.</p>


<p>The price of a litre of RON95 petrol will remain unchanged at RM2.05, while the retail price of RON97 will increase by three sen from RM3.22 per litre to RM3.25 per litre from Thursday to Jan 1, 2025.</p>


<p>Japan's Nippon Steel is seeing support for its proposal to acquire US Steel in the regions of the US where steel mills are located, Nippon Steel's President Tadashi Imai told reporters on Wednesday.</p>
