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Macpie, UCrest, MAG, Malayan Cement, Pecca, Dolomite, Ark, Fajarbaru, PWF, CYL, LFE Corp

Macpie, UCrest, MAG, Malayan Cement, Pecca, Dolomite, Ark, Fajarbaru, PWF, CYL, LFE Corp
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Streetscapes: Property values at Medan Batu Caves to remain stable amid pandemic

Medan Batu Caves in Gombak, Selangor, developed by Dolomite Corp Bhd in 1990, comprises a mix of residential and commercial developments.  Surrounding amenities include SJK (C) Kheow Bin, Klinik Famili, Klinik Reddy, KIP Hotel, Times Inn Hotel, Bank Simpanan Nasional and Public Bank.  The Batu Caves KTM Station is only 1km away and the area is easily accessible via Jalan Batu Caves, Middle Ring Road 2 and Duta-Ulu Kelang Expressway. One of the main streets in Medan Batu Caves is Jalan Medan Batu Caves 2, which is lined with mainly 4½-storey shop apartments. In the immediate vicinity of Medan Batu Caves are 1-storey detached houses, 2-storey terraced houses, high-rise apartments and a Chinese primary school.

Insider Moves: Dolomite Corp Bhd, Heitech Padu Bhd, Ocean Vantage Holdings Bhd, Iris Corp Bhd, Inari Amertron Bhd, Widad Group Bhd

FOR the week of Feb 2 to 5, some of the notable changes in shareholding occurred at Dolomite Corp Bhd, which has interests in quarrying, the manufacturing of building materials, construction and property development. Privately held Fadzilah & Fikri Sdn Bhd, a registered valuer, real estate agent, property manager and auctioneer, surfaced as a substantial shareholder in Dolomite, with 45 million shares, or a 10.88% stake, in the company. The shares issued to Fadzilah & Fikri are part of a settlement agreement. To recap, in February last year, Dolomite was instructed by the High Court to pay RM35.46 million to Fadzilah & Fikri after it failed to set aside a summary judgement. Dolomite was initially appealing the High Court decision.

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