KUALA LUMPUR (May 21): Property development and management group Menang Corp (M) Bhd (KL:MENANG) has declared a special dividend of six sen a share as its quarterly earnings rose to a six-year high. Net profit more than doubled to RM7.32 million for the third quarter ended March 31, 2024 (3QFY2024) from RM3.28 million a year…
Read MoreKUALA LUMPUR (May 21): Annum Bhd’s (KL:ANNUM) largest shareholder, Datuk Seri Chin Kok Foong, has disposed of his entire 14.83% stake in the Practice Note 17 (PN17) wood-based products manufacturer. The former executive director of engineering construction firm Ageson Bhd (KL:AGES) sold the stake comprising 33.73 million shares on May 16 in a direct business…
Read MoreKUALA LUMPUR (May 21): Binastra Corp Bhd’s (KL:BNASTRA) managing director and largest shareholder Datuk Tan Kak Seng has sold a 6% stake in the construction outfit for RM36 million. According to a bourse filing on Monday, Tan’s vehicle JT Conglomerate Sdn Bhd offloaded 30 million shares in Binastra — formerly known as Comintel Corp Bhd…
Read MoreThis is an urban underground bus terminal with various people waiting for public transportation via buses and trains in Bucharest, Romania. By Joseph Wong IN Malaysia, the conventional paradigm of urban expansion without limits is swiftly losing relevance. Faced with the looming threat of climate change and the undeniable constraints of finite resources, it’s crucial…
Read MoreSINCE August 2020, the National House Buyers Association (HBA) has been involved in a series of consultations with the Ministry of Housing and Local Government (KPKT). We wonder whether the current minister, Nga Kor Ming, has been adequately briefed on the draft proposals and amendments to the Housing Development (Control & Licensing) Act 1966 and Housing…
Read MoreKUALA LUMPUR (May 18): Berjaya Asset Bhd (KL:BJASSET) on Saturday officially launched Times Square 2, a luxury serviced apartment development located next to Berjaya Times Square in Jalan Imbi, Kuala Lumpur. At Saturday’s official launch ceremony, Tan Tee Ming, executive director of Berjaya Times Square Sdn Bhd (BTS), which is a subsidiary of Berjaya Asset,…
Read MoreKUALA LUMPUR (May 17): Ho Hup Construction Company Bhd (KL:HOHUP) said its 52%-owned unit Golden Wave Sdn Bhd (GWSB) has applied with the High Court to be placed under judicial management. Judicial management is a corporate rescue mechanism where companies seek the appointment of a judicial manager when they are unable to pay their debts,…
Read MoreKUALA LUMPUR (May 20): Berjaya Times Square Sdn Bhd, a subsidiary of Berjaya Assets Bhd, officially revealed its luxury serviced apartment development Times Square 2 on Saturday (May 18). Times Square 2 is located along Jalan lmbi, adjacent to Berjaya Times Square and Bukit Bintang City Centre. Tan Tee Ming, executive director of Berjaya…
Read MoreKUALA LUMPUR (May 20): Ehsan Bina Group has formed a partnership through a Memorandum of Understanding (MOU) with Maybank Islamic Bhd to extend a financing programme called HouzKEY to buyers of ForestHill Residences, a high-rise residential project located in Damansara Perdana, Selangor. In a press statement dated May 18, the developer explained that Maybank Islamic’s…
Read MoreKUALA LUMPUR (May 20): The proposed Urban Redevelopment Act should also include inputs from property and facility managers, said Malaysian Institute of Property and Facility Managers (MIPFM) president Ishak Ismail. At the MIPFM Smart Building Conference 2024 held on Monday in Petaling Jaya, Ishak told the press that the proposed Act will provide clarity on…
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