KUALA LUMPUR (Dec 3): Property developer Encorp Bhd (KL:ENCORP) announced on Monday that it has removed its group chief executive officer, Hazurin Harun, with immediate effect following an internal investigation by the board of directors. Hazurin, who was suspended from the group CEO role in August, was charged by the Malaysian Anti-Corruption Commission (MACC) in…
Read MoreKUALA LUMPUR (Dec 3): Sunway Bhd (KL:SUNWAY) founder and executive chairman Tan Sri Jeffrey Cheah Fook Ling (pictured), and his private vehicle Sungei Way Corp Sdn Bhd, have sold a combined total of 100 million shares in the diversified company for RM485 million or RM4.85 per share. The company’s bourse filings on Monday showed that…
Read MoreKUALA LUMPUR (Dec 3): Additional compensation payments totalling RM200,000 for the acquisition of land from 11 flat unit owners in Kampung Sungai Baru, Kampung Bharu here, have been disbursed to the applicants, said Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa. She explained that these individuals were among 75 applicants who submitted…
Read MoreKUALA LUMPUR (Dec 3): Construction outfit Binastra Corp Bhd (KL:BNASTRA) on Tuesday said it had bagged a building contract worth RM327.74 million to build two blocks of a 58-storey serviced apartment for The Vividz @ Bukit Jalil project. According to a bourse filing, the contract was awarded by Exsim Bukit Jalil City Sdn Bhd to…
Read MoreKUALA LUMPUR (Dec 2): LBS Bina Bhd (KL:LBS) surged in early trade on Monday, after the group declared special dividends, subsequent to posting quarterly earnings which were boosted by a one-off disposal gain. Shares of the developer rose as much as 10% or 5.5 sen to 60 sen just 15 minutes after the opening bell,…
Read MoreIJM Land’s Savvy serviced apartment at Riana Dutamas in Segambut achieves 85% Qlassic score Built on a 5.06-acre plot, Savvy has a gross development value (GDV) of RM590 million, offering two 40-storey towers comprising 921 units that come in built-ups from 722 to 1,232 sq ft, with selling prices from RM454,000. The development is GreenRE…
Read More“The presence of these data centres in Elmina Business Park enhances Selangor’s attractiveness as a key digital hub for Malaysia, buoyed by Selangor’s well-developed infrastructure, business-friendly policies, and collaborative efforts of authorities,” said Sime Darby Property’s group managing director Datuk Seri Azmir Merican. KUALA LUMPUR (Dec 2): Sime Darby Property Bhd (KL:SIMEPROP) said it has…
Read MoreLBS Bina unlikely to hit RM1.8 bil full year sales target, declares 2.6 sen special dividend As of Nov 28, the group had registered total property sales of RM1.21 billion, with RM183.5 million in bookings. However, with just one month remaining until the financial year ends Dec 31, 2024, the target is out of reach…
Read MoreIts revenue for the quarter jumped 42.5% to RM16.5 million from RM11.58 million a year earlier. KUALA LUMPUR (Nov 29): Nextgreen Global Bhd (KL:NGGB) saw a more than fourfold increase in its net profit for the third quarter ended Sept 30, 2024 (3QFY2024), driven by strong performance in its manufacturing segment. The group’s net profit…
Read MoreKUALA LUMPUR (Nov 29): IGB Commercial Real Estate Investment Trust (IGB Commercial REIT) (KL:IGBCR) is buying two office floors in Menara Southpoint of Mid Valley City from its sponsor and parent company, IGB Bhd (KL:IGB), for RM62.4 million cash. IGB holds 53.84% in IGB Commercial REIT. The REIT’s trustee, MTrustee Bhd, has inked a sale…
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