Bursa Malaysia Main Market Listed Company involved in property development, has today held a groundbreaking ceremony for 3rdNvenue and officiating ceremony for its Sales Gallery located along Embassy Row at Jalan Ampang. 

The development has an estimated gross development value (GDV) of RM1.8 billion. The ceremony was duly officiated by the Minister of Federal Territories Datuk Seri Utama Tengku Adnan bin Tengku Mansor. 

A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Lonpac Insurance Bhd (Lonpac) (Malaysia). The outlook of these Credit Ratings (ratings) is positive.

The rating affirmations reflect Lonpac’s strong risk-adjusted capitalization and very strong track record of operating performance. The company’s risk-adjusted capitalisation is supported by a consistent and strong internal capital generation ability that has kept its underwriting leverage low. 

PRG Holdings Bhd, a Bursa Malaysia Main Market-listed investment holding Company with its interest in property development, construction and manufacturing businesses, is pleased to announce that the Company has today received the approval from The Stock Exchange of Hong Kong Limited to list its manufacturing and manufacturing-related business via a listing of new shares in the Growth Enterprise Market (GEM) in HK Exchange on 16 October 2017.

The listing application was submitted via Shenwan Hongyuan Capital (H.K.) Limited, the sole sponsor in May this year. The Listco is incorporated in the Cayman Islands and is a wholly-owned subsidiary of PRG.