CapitaLand Limited has acquired approximately 61.9% of the total retail strata area or 510,418 square feet as well as the car parks of Sungei Wang Plaza located in Kuala Lumpur, Malaysia, at a property purchase price of approximately RM595m (approximately $250m) through an asset securitisation structure.

Freight Links Express Holdings reported a 39.9% rise in net profit to $17.5m for the year to end-April, on higher revenue and significant profit from an associated company in Malaysia. Sales increased across all business segments to $139.4m, said the logistics company.