Chin Hin anticipates “steady growth” in the upcoming quarters, supported by the new subsidiaries and “firm performance” across all divisions. KUALA LUMPUR (Nov 27): Chin Hin Group Bhd (KL:CHINHIN) more than doubled its net profit for the third quarter thanks to revenue from newly-acquired subsidiaries that significantly boosted its overall gross margin. Net profit for…
Read MoreCitaglobal firms up collaboration to develop eco-friendly industrial park, proposes one-for-five bonus warrants The industrial park is estimated to have a gross development value (GDV) of between RM321 million and RM397 million, according to Citaglobal. KUALA LUMPUR (Nov 28): Citaglobal Bhd (KL:CITAGLB) has firmed up its collaboration with electric vehicle maker Tree Technologies Sdn Bhd…
Read MoreKUALA LUMPUR (Nov 27): The Congress of Unions of Employees in the Public and Civil Services (Cuepacs) has urged the government to build more affordable houses priced below RM250,000 for civil servants. Cuepacs president Datuk Dr Adnan Mat said this would assist the group, particularly those with low income, to own their own houses. “Cuepacs…
Read MoreRadium Development partners with GreenRE to introduce sustainable elements to its projects Radium had already achieved provisional GreenRE Gold certification for its R Suites Chancery Residences, Ampang, and Radium Arena, Old Klang Road. In addition, its Radium Adesa, Sungai Besi residential development has obtained a provisional Silver certification. KUALA LUMPUR (Nov 28): Radium Development Bhd…
Read MoreThe decrease in its profit before tax to RM4.71 million from RM14.17 million in 3QFY2023 was mainly due to land cost adjustment for the Ion Belian Garden project, upon completion of the acquisition of NBGH by the group. KUALA LUMPUR (Nov 26): NCT Alliance Bhd (KL:NCT) saw its net profit for the third quarter ended…
Read MoreBatu Kawan falls into the red as KLK reports record low profit on one-off losses, impairments Excluding the exceptional losses, net profit for 4QFY2024 would be RM286 million, according to KLK. The group said its directors will recommend a final dividend for FY2024 at a later date. It has paid an interim dividend of 20…
Read MoreKUALA LUMPUR (Nov 26): The rent-to-own (RTO) scheme will be extended to the upcoming Residensi Rakyat Programme (PRR), set to launch next year, Housing and Local Government Minister Nga Kor Ming (pictured) announced. He explained that the scheme, designed for applicants or potential buyers who cannot secure financing from financial institutions, is part of a…
Read MoreKUALA LUMPUR (Nov 27): M&M Ventures Holdings Sdn Bhd has officially commenced construction for its maiden project, a retail park named Bali Escape Kuala Lumpur (BEKL) in Pudu, Kuala Lumpur, on Wednesday. With a budget of RM50 million, the four-acre BEKL will offer three-storey retail lots that have a total net lettable area of 213,540…
Read MoreKUALA LUMPUR (Nov 27): IJM Land Bhd, through its subsidiary RMS (England) Ltd, held a groundbreaking ceremony for the second phase of Royal Mint Gardens in London on Tuesday (Nov 26). The second phase comprises a 15-storey aparthotel and a condominium with 79 residential units. According to a statement on Tuesday, the aparthotel will have…
Read MoreThis follows findings, based on three proceedings conducted by PAC on July 30 and Sept 10, that MARA Inc had made overvalued property purchases in London and Melbourne. KUALA LUMPUR (Nov 26): The Public Accounts Committee (PAC) has recommended that the Rural and Regional Development Ministry (KKDW), Majlis Amanah Rakyat (MARA), MARA Corporation Sdn. Bhd….
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