Datuk Seri Azmir Merican: “This balance between managing debt effectively and leveraging it for future growth enables us to advance our growth plans and diversify our income streams responsibly.” KUALA LUMPUR (Dec 16): Sime Darby Property Bhd has retained the AA+IS rating with a stable outlook for its RM4.5 billion Islamic Medium-Term Notes (IMTN) Programme…
Read MoreKUALA LUMPUR (Dec 16): Advancecon Holdings Bhd (KL:ADVCON) has bagged a main infrastructure work contract worth RM44.6 million by Sime Darby Property Bhd (KL:SIMEPROP) for the development at Elmina West. The project was won by its wholly owned subsidiary Advancecon Infra Sdn Bhd, and will start from Jan 2, 2025 until July 1, 2026. The…
Read MoreKUALA LUMPUR (Dec 13): Exsim Hospitality Bhd (KL:EXSIMHB), formerly known as Pan Malaysia Holdings Bhd, has secured a sub-contract worth RM20.98 million for renovation works on 62 office units located on Old Klang Road. The sub-contract was awarded to its wholly-owned subsidiary, Exsim Concepto Sdn Bhd, by interior renovator firm Ntim Reno Sdn Bhd, according…
Read More(From left) Lum and Chee Kin guiding Nga (second from right) and his entourage during the tour. PETALING JAYA: Housing and Local Government Minister Nga Kor Ming has commended 168 Park Selayang Sdn Bhd (168 Selayang Park) for turning around the formerly abandoned housing development Selayang Star City. 168 Park Selayang was established after its…
Read MoreKUALA LUMPUR — The country’s residential property market in the third quarter of 2024 (3Q 2024) recorded 70,520 transactions, the highest in 10 years, with a value of almost RM29 billion, an increase of 2.9 per cent in terms of number and 1.3 per cent in transaction value compared to the same period in 2023. …
Read MoreKerjaya Prospek to pay Tee Eng Seng’s family vehicle RM292m in preference share redemption Kerjaya Prospek issued the redemption notice to the investment vehicle, Javawana Sdn Bhd, on Dec 9, according to the property development company’s bourse filing on Thursday. KUALA LUMPUR (Dec 12): Kerjaya Prospek Property Bhd (KL:KPPROP) said it will redeem the outstanding…
Read MoreEco World Development deputy chairman Leong Kok Wah redesignated as non-executive director Leong, 71, served as non-independent non-executive deputy chairman of the group since November 2013. He is Eco World Development’s largest shareholder controlling a 32.89% stake. KUALA LUMPUR (Dec 12): Eco World Development Group Bhd’s (KL:ECOWLD) largest shareholder and deputy chairman Datuk Leong Kok…
Read MoreKUALA LUMPUR (Dec 12): GDB Holdings Bhd (KL:GDB), which specialises in high-rise construction projects, said it has bagged a RM298 million contract to build a logistics warehouse in Bandar Bukit Raja 2, Klang. The Main Market-listed company said its subsidiary, Grand Dynamic Builders Sdn Bhd, was awarded the contract by SDPLOG1 (My Holdings) Sdn Bhd,…
Read MoreUnder the MOU, NCT Group and the MEIA will focus on connecting the NSIP with stakeholders from the Guangdong province through investor relations programmes. KUALA LUMPUR (Dec 13): NCT Group of Companies signed a memorandum of understanding (MOU) with the Malaysia Enterprises Investment Association (MEIA) to attract investment from the Guangdong province of China to…
Read MoreThe real estate developer said its wholly owned unit, Tanah Bayumas Sdn Bhd, has signed a sale and purchase agreement (SPA) with Prismaworld Embassyview Sdn Bhd to purchase the land and six blocks of five-storey condominium buildings with a sub-basement one-storey car park, according to a filing on Thursday. KUALA LUMPUR (Dec 12): Paramount Corp…
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