KUALA LUMPUR (Sept 29): Phase 1 of Sime Darby Property Bhd’s suasana Ainsdale achieved a 72% take-up since its official launch on Sept 23. According to a statement issued on Friday (Sept 29), 36 out of 50 units were taken-up. With a gross development value of approximately RM30.2 million, Sime Darby Property chief marketing and…
Read MoreKUALA LUMPUR (Sept 29): Knusford Bhd’s share price shot up by 18 sen or 25.17% to 89.5 sen in Friday morning trade, its highest since April 21, 2021, after its major shareholder Tan Sri Lim Kang Hoo proposed to combine his stable of companies under an enlarged Ekovest Bhd. At the time of writing, shares…
Read MoreKUALA LUMPUR (Sept 29): Gamuda Bhd rose as much as 25 sen or 5.8% to RM4.56 in Friday morning trade, hitting a record high after the construction giant’s FY2023 net profit more than doubled to RM1.84 billion from RM806.23 million a year earlier, largely fuelled by gains on the divestment of its highways. As at…
Read MoreKUALA LUMPUR (Sept 29): The Real Estate and Housing Developers’ Association (REHDA) Malaysia is hoping that Putrajaya will “reintroduce or introduce” incentives that “will allow more Malaysians to buy a house to call their own”. In a media release stating the association’s wish list for Budget 2024, it stated that “housing affordability remains a major…
Read MoreKUALA LUMPUR (Sept 28): SPNB Aspirasi Sdn Bhd, a unit of national housing development company Syarikat Perumahan Negara Bhd (SPNB), has filed another lawsuit alleging fraud against SPNB’s former CEO and executive director Datuk Ahmad Azizi Ali — this time involving a service apartment project in Hulu Langat, Selangor. Also named as defendants in the…
Read MoreKUALA LUMPUR (Sept 27): Glomac Bhd’s net profit dropped 21.5% for the first quarter ended July 31, 2023 (1QFY2024) on lower contribution from its property development business after the completion of several projects, coupled with a dearth of new launches. Net profit dropped to RM4.06 million or 0.53 sen per share for 1QFY2024 from RM5.18…
Read MoreKUALA LUMPUR (Sept 27): The Ampang/Sri Petaling Light Rail Transit (LRT) line is expected to resume operation on Feb 29 next year, after the comprehensive repair work on the flyover and track structure near the Bandaraya LRT station is completed. Rapid Rail Sdn Bhd (Rapid Rail), in a statement on Wednesday, said the original plan…
Read MoreKUALA LUMPUR (Sept 27): Berjaya Land Bhd (BLand) has rectified its public shareholding spread in accordance with Bursa Malaysia’s approved minimum requirement of 20%, ahead of its Sept 30 deadline. In a bourse filing on Wednesday (Sept 27), BLand said its public shareholding spread stood at 20.09% as at Sept 26, 2023. The company added…
Read MoreKUALA LUMPUR (Sept 27): TWL Holdings Bhd has proposed to undertake a private placement of up to 10% of its issued shares to raise up to RM23.51 million, mainly to fund the group’s development costs of 715 units of affordable housing under the Rumah Selangorku scheme. In a bourse filing on Wednesday, the property development…
Read MoreKUALA LUMPUR (Sept 26): Berjaya Corp Bhd (BCorp) has disposed of a 2.24% stake in Berjaya Land Bhd (BLand), ahead of its end-September deadline to comply with a public shareholding spread requirement of 20%. According to a bourse filing on Tuesday, BCorp disposed of 110 million shares in BLand held under Juara Sejati Sdn Bhd…
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