Sunview clarifies sharp reversal in financial position

Sunview clarifies sharp reversal in financial position

news

Updated:
  • Sunview Group Bhd clarified that its financial reversal was due to audit adjustments, not contract discrepancies.
  • The company reported a net loss of RM70.29 million for FY2025, primarily from impairment losses and project expenses.
  • Sunview plans to bid on a partially completed solar plant to enhance its asset portfolio and income stability.
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Mah Sing to revive two RMKU affordable housing projects in Penang

Mah Sing to revive two RMKU affordable housing projects in Penang

news

Updated:
  • Mah Sing Group will finance the revival of two affordable housing projects in Balik Pulau, Penang.
  • The projects, Pangsapuri Sri Bayu and Pangsapuri Quinton, were launched in 2017 but left incomplete.
  • This initiative supports the Penang government's goal of providing 220,000 affordable housing units by 2030.
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Lagenda Properties’ earnings growth about to speed up, says CGS International

Lagenda Properties’ earnings growth about to speed up, says CGS International

news

Updated:
  • Lagenda Properties Bhd is set for earnings growth due to strong demand for affordable homes.
  • The company’s net profit margins may reach 19% by 2027, driven by a new earnings cycle.
  • Despite past challenges, Lagenda's stock remains attractive with a target price of RM2.03.
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Appellate court dismisses developer’s losses appeal over West Coast Expressway land acquisition

Appellate court dismisses developer’s losses appeal over West Coast Expressway land acquisition

news

Updated:
  • The Court of Appeal dismissed See Hee Yang's appeal for loss of profit after land acquisition for WCE.
  • The judge ruled that the developer's claim did not constitute "injurious affection".
  • The court upheld the compensation awarded and ordered the developer to pay costs to the respondents.
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ECRL: Govt to review laws for harsher cable theft penalties

ECRL: Govt to review laws for harsher cable theft penalties

news

Updated:
  • The government plans to review laws for harsher penalties on cable theft affecting strategic projects.
  • Home Minister Saifuddin Nasution emphasied the need for better security investments by rail operators.
  • Current penalties are inadequate, with the highest thefts recorded in Pahang, impacting the ECRL project.
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Sarawak Consolidated Industries cancels financing facilities after reassessing funding needs post-divestment

Sarawak Consolidated Industries cancels financing facilities after reassessing funding needs post-divestment

news

Updated:
  • Sarawak Consolidated Industries Bhd has canceled RM49 million financing facilities after selling SCM.
  • The cancellation follows a RM113 million divestment deal with YTL Cement, enhancing SCIB's financial position.
  • Executive chairman Datuk Chong Loong Men stated this decision reflects prudent financial management.
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AME Elite wins RM214m job to build test cell facility for KLIA Aeropolis

AME Elite wins RM214m job to build test cell facility for KLIA Aeropolis

news

Updated:
  • AME Elite Consortium Bhd secured a RM214.1 million contract for a test cell facility in Sepang.
  • The project aims to meet high safety standards and is expected to complete in 12 months.
  • This win boosts AME Elite's earnings and reflects its ability to deliver with precision and speed.
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Glomac appoints FD Idzham Datuk Seri FD Iskandar as executive director

Glomac appoints FD Idzham Datuk Seri FD Iskandar as executive director

news

Updated:
  • Glomac Bhd has appointed FD Idzham as a group executive director, marking the entry of the third generation.
  • FD Idzham is the grandson of the founder and has a strong background in finance and property development.
  • His appointment aims to enhance Glomac's leadership and support sustainable growth strategies.
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Billionaire Quek Leng Chan to privatise GuocoLand at RM1.10 per share via selective capital repayment

Billionaire Quek Leng Chan to privatise GuocoLand at RM1.10 per share via selective capital repayment

news

Updated:
  • GuocoLand (Malaysia) Bhd's controlling shareholder has proposed to privatise the company at RM1.10 per share.
  • The plan involves a capital repayment of RM269.45 million to entitled shareholders.
  • GLLM aims to delist GuocoLand Malaysia, citing low trading liquidity and minimal benefits of remaining listed.
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Hannah Yeoh orders DBKL to tighten SOPs to prevent graft

Hannah Yeoh orders DBKL to tighten SOPs to prevent graft

news

Updated:
  • DBKL must address SOP weaknesses to prevent corruption, as highlighted by Minister Hannah Yeoh.
  • A review by MACC revealed outdated management practices and unclear procedures for licences.
  • Improvements will be made public to ensure transparency and encourage the public to avoid corrupt practices.
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Sunview clarifies sharp reversal in financial position