KUALA 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…
Read MoreKUALA LUMPUR (Nov 29): IGB Bhd (KL:IGBB) has declared a dividend payout of 12 sen per share for FY2024 — comprising an interim dividend of seven sen and a special dividend of five sen — as its latest third quarter net profit jumped 27% from the corresponding quarter last year, driven by higher contributions from…
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 MoreThe property developer said the sukuk is being issued in two tranches. KUALA LUMPUR (Nov 28): Eco World Capital Bhd, a wholly owned subsidiary of Eco World Development Group Bhd (KL:ECOWLD), has issued a RM300 million sukuk wakalah. In a filing with Bursa Malaysia on Thursday, the property developer said the sukuk is being issued…
Read MoreKerjaya Prospek shares test eight-year high as investors celebrate dividend surprise Analysts now expect Kerjaya Prospek to dish out a record-high dividend totalling 15 sen per share, following the latest planned distribution of seven sen per share. Year-to-date, the company has declared dividends amounting to 12 sen per share. KUALA LUMPUR (Nov 28): Shares of…
Read MoreChin 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…
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