PETALING JAYA: Mah Sing Group Bhd has been named “Best Developer” in the Euromoney Real Estate Awards 2009 organised by Euromoney Liquid Real Estate magazine.

TODAY’S topic is “managing the news” and here’s a question for discussion: What does a listed company do when it has two unrelated major deals to disclose in one day? That doesn’t happen often, of course. Fortunately, we have a fresh case study.

KUALA LUMPUR: Mah Sing Group Bhd’s purchase of 46.1ha freehold land in Cyberjaya for RM130.5mil cash will spearhead its expansion into the southern growth corridor. According to Mah Sing group managing director cum group chief executive Tan Sri Leong Hoy Kum, the land will be developed into a medium to high-end gated and guarded residential – Garden Residence – comprising superlink homes, semi-detached homes and bungalows, with an estimated gross development value (GDV) of RM690mil.