KUALA LUMPUR (Aug 22): Magna Prima Bhd is acquiring the remaining 30% stake in Magna Ecocity Sdn Bhd for a cash consideration of RM45.58 million. In a bourse filing on Tuesday (Aug 22), Magna Prima said it had on Tuesday inked a sale and purchase agreement with Lee Shu Shun for the proposed acquisition. Magna…
Read MoreKUALA LUMPUR (Aug 22): Chin Hin Group Property Bhd saw its net profit risen 91 times to RM5.83 million in the second quarter ended June 30, 2023 (2QFY2023), from RM64,000 a year ago, due mainly to higher work progress of the construction projects. According to its filing to Bursa Malaysia on Tuesday (Aug 22), its…
Read MoreKUALA LUMPUR (Aug 22): SkyWorld Development Bhd’s SkySierra Residences received 86% in Quality Assessment System in Construction (QLASSIC) score and 92.63% Safety and Health Assessment in Construction (SHASSIC) score for its high-rise residential development in Setiawangsa, Kuala Lumpur. It is also the highest score the company has received to date. In a press statement dated…
Read MoreKUALA LUMPUR (Aug 23): UOA Development Bhd (UOADev)’s earnings rose 41% to RM63.87 million or 2.65 sen per share in the second quarter ended June 30, 2023, from RM45.3 million or 1.95 sen per share a year ago due to higher other income, including investment income. In a filing to Bursa Malaysia on Wednesday (Aug…
Read MoreKUALA LUMPUR (Aug 23): NCT Alliance Bhd (NCT) posted a net profit of RM9.3 million in its second quarter ended June 30, 2023, on the back of a 20% increase in revenue to RM58.4 million. In a statement on Wednesday (Aug 23), the developer said the lower profitability was primarily due to higher staff costs…
Read MoreKUALA LUMPUR (Aug 22): MBSB Bank Bhd is suing Country Heights Holdings Bhd, following its default on the payment of Islamic term financing facilities totalling RM89.67 million, to recover the sum owed. In a bourse filing on Tuesday (Aug 22), Country Heights said the group had on Monday (Aug 21) received a writ of summons,…
Read MoreS P Setia Foundation provides care and support to B40 community, police and armed forces veterans “The initiative aims to improve the well-being of patients undergoing prolonged medical treatments and veterans of police and army forces who face mobility and health issues.” SETIA ALAM (Aug 23): The B40 community and veterans in need were feted…
Read MoreMatrix Concepts Holdings Bhd’s property development segment rose by 46.4% to RM321.3 million in Q1 FY2024. PETALING JAYA: Matrix Concepts Holdings Bhd’s net profit in the first quarter of financial year 2024 (Q1 FY2024) soared to RM64.6 million, fueled by faster construction activity and resolved labour shortages. The figure marks a 37.3% increase from Q1…
Read MoreLagenda specialises in developing affordable landed properties and townships for B40 and M40 income households. (Lagenda Properties pic) PETALING JAYA: Apex Securities announced today that it has started its coverage on Lagenda Properties Bhd at RM1.24 with a fair value of RM1.52. In a note today, Apex highlighted Lagenda’s success in recording a profit margin…
Read MoreKUALA LUMPUR (Aug 22): Fajarbaru Builder Group Bhd has formed a joint venture (JV) with hostel management company Care Dynamic Sdn Bhd (CDSB) for a labour quarters project in Seremban. In a bourse filing on Monday (Aug 21), Fajarbaru said the group’s wholly-owned subsidiary Fajarbaru Land (M) Sdn Bhd (FLM) entered into a JV agreement…
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